Page 6 - Metal Stocks

BSE Metal index jumps nearly 4%; SAIL advances 7%, Hindalco surges 6%

SAIL gained 8 per cent to Rs 37.3 after the company on Tuesday informed it attained a sales volume of 15.83 lakh tonnes in July.

Metal stocks can outperform the market. Here are a few trading strategies

Despite the fall in the Nifty Metal index on Friday, there still are some stock-specific opportunities which you can capitalise on. Here are a few trading ideas.

Metal stocks rally: SAIL jumps 6%; Tata Steel, Hindalco, JSPL gain up to 4%

Tata Steel, Vedanta, JSW Steel, and Nalco were up in the range of 2.7 - 3.2 per cent.

Hindalco: Tiding well over Covid-led disruption with tight cost control

Cost controls cushion domestic profitability in Q4, and US arm Novelis supports consolidated performance

'Too much, too fast' commodity rally unsustainable, says Goldman

The Wall Street bank sees downside risks in agricultural and energy markets, citing the recent strength as surprising given the massive inventory overhangs and depressed demand

Metal stocks shine amid strong global cues; JSPL, JSW Steel jump up to 10%

On the earnings front, Jindal Steel and Power (JSPL) on Monday reported a consolidated net profit of Rs 305.62 crore during the quarter ended March 31, 2020.

Despite dull business, downside limited for Hindustan Zinc stock

On the operating front, while lower zinc and lead realisations impacted profit, cost of production in the zinc business, too, jumped 7 per cent year-on-year

Defensive stocks soar as investors choose safety over uncertainty

The weight of FMCG, software and pharma companies in Nifty now at 31.5% from 25.3% in December 2017

Domestic non-ferrous outlook negative as global metal prices crash: Icra

Covid-19 outbreak drags aluminium prices by 16%, zinc by 23%, copper by 20%

Cement, paint, pipes: Will construction relaxation aid these sectors?

With the demand likely to remain tepid even after the lockdown is lifted, analysts suggest picking stocks from long-term perspective and focus on firms with low debt levels and a healthy order book

Banks, NBFCs stocks lose sheen in Nifty amid coronavirus outbreak

Amid FII sell-off, contribution of financials to the index dips to 37.8%

SAIL, Vedanta jump up to 7% on rise in steel demand, improved FY21 outlook

Among individual stocks, SAIL soared 6.7 per cent to Rs 29.10 on the NSE, followed by gains in Vedanta, Jindal Steel, and Tata Steel.

Analysts turn cautious on metal stocks as coronavirus fears escalate

At the bourses, the Nifty Metal index has cracked 12 per cent year-to-date (YTD), as against a 3 per cent dip in the benchmark Nifty50 index till February 25

Metal shares tumble as coronavirus cases jump in South Korea, Italy

The IMF has predicted the epidemic would shave 0.1 percentage points off global growth

Metal shares gain as Trump signs phase one trade deal with China

Hindustan Copper Limited climbed 4.8 per cent, followed by Vedanta Limited (4.37 per cent), Tata Steel (3.8 per cent), SAIL (3.6 per cent), and Jindal Steel (3.4 per cent)

Metals dip as US to restore tariffs on imports from Brazil, Argentina

Last year, Washington had imposed tariffs of 25 per cent on steel and 10 per cent on aluminium on national security grounds.

Chart check: US-China trade talks bring metal stocks back in focus

The American and Chinese leaders spoke about their desire to sign an initial trade deal to defuse a 16-month tariff war, boosting financial markets.

Metal stocks gain; Tata Steel, Hindalco up 4%, Jindal Steel climbs 5%

Investor sentiment perked up after US national security adviser Robert O'Brien on Saturday said an initial trade agreement with China was still possible by the end of the year

Low prices, weak demand, volumes issues led to steel sector's muted Q2 show

Steel companies witnessed a contraction in margins, dragged down by lacklustre demand and lower global commodity prices

Metal stocks shine on positive global cues; Coal India gains 6%

Metal stocks gained after China said it will hold trade talks with the United States in early October, raising hopes they can de-escalate their trade war.