BSE Metals index is best performer
DSIJ Intelligence / 23 Jan 2017
The BSE Metals index increased 1.67 per cent in early trades and is trading at 11331.67 on an intra-day basis. The index has surged more than 72.4 per cent in the last one year outperforming benchmark indices.
The BSE Metals index increased 1.67 per cent in early trades and is trading at 11331.67 on an intra-day basis. The index has surged more than 72.4 per cent in the last one year outperforming benchmark indices. Except Coal India, remaining nine stocks in the S&P BSE Metal index are trading in the green.
Hindalco Industries and JSW Steel rose 3.35 per cent and 2.26 per cent on bourses. These stocks are trading at Rs 177.3 and 189.9, respectively, on an intra-day basis. Bhushan Steel from the metal sector is in focus on Monday, with the share price surging more than 13.49 per cent in early trades and is trading at Rs 55 on an intra-day basis.
Tata Steel also increased 2.01 per cent on the bourses and is trading at Rs 460.3 on an intra-day basis. The company has given contract worth Rs 400 crore to North Eastern Carrying Corporation for bulk movement of its raw materials from its mines located at Joda and Sukhinda, situated in Orissa.
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