Metals stocks are thriving due to strong economic data and global trends. Experts believe the rally will continue, with bullish outlook on Hindalco, Tata Steel, and Coal India.
The metals market has seen a strong performance driven by positive PMI data from China and solid US economic fundamentals, leading to higher commodity prices, especially for base metals. Hindalco and Vedanta comparison can help identify better long-term investment opportunities.
After gaining 16-25% over the last month, shares of both Hindalco Industries and National Aluminium Co tested their lifetime highs on Friday. Shares of Vedanta, the countrys largest producer of the metal, have jumped nearly 48% in a month and are at their highest level in two years.
The recent surge in Indian PSU stocks, with returns reaching up to 300 percent in less than a year. Amidst this favorable landscape, let s compare Coal India (CIL) and NTPC to discern which PSU stock offers superior long-term investment prospects.
Maruti Suzuki, Mahindra & Mahindra and Eicher Motor gained around 3% each, hitting new highs during the trading session. Battery maker Exide soared 16.8% to new record levels. TVS Motor rose 3.2%.