Show stoppers this week: Metals
DSIJ Intelligence / 09 Dec 2016
Metal stocks were the biggest gainers in the week gone by, as almost all the Metal stocks traded higher, courtesy strong commodity prices in the domestic and global markets. BSE Metal index gained more than 5 per cent in the last five trading sessions.
Metal stocks were the biggest gainers in the week gone by, as almost all the Metal stocks traded higher, courtesy strong commodity prices in the domestic and global markets. BSE Metal index gained more than 5 per cent in the last five trading sessions.
Metal prices were boosted by strong demand emanating out of the world’s biggest metal consumer China where imports saw an increase in more than two years which further helped prices firm up.
Aluminium and Zinc prices traded at new highs recovering from their 2016 lows touched in February.
Biggest gainers of the week: -
National Aluminium Company Limited
CMP- Rs 65.25 up 19 %
SAIL
CMP- Rs 55.20 up 12 %
Vedanta
CMP - Rs 245.5 up 10 %
NMDC
CMP- Rs 126.30 up 9 %
Hindalco
CMP- Rs 182 up 8 %
Orissa Minerals Development Company
CMP- Rs 2203 up 6 %
Tata Steel
CMP- Rs 430.50 up 6 %
Hindustan Zinc
CMP- Rs 281 up 3 %
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