Live Breaking News & Updates on Etal Stocks In Past Year
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The metals stocks have had a spectacular run in the past year, but off late their shine is getting dimmer as inflation woes and the possibility of a crackdown by the Chinese government are weighing on commodity prices. The commodities like copper have soared nearly 100% in the last year to trade at all-time high levels while steel prices are at 10-year highs. Meanwhile, aluminium and nickel have jumped between 35-45%. But off late, metals prices witnessed a decline in the last one week. Nickel prices have corrected more than 4% followed by copper and aluminium. Metal stocks naysayers say the rally wasn t supported by demand fundamentals but was rather led by the price rise. Even then, any investor who would have put money in the Nifty Metals index a year ago would have tripled their investment. As for individual stocks, the returns range between 35-850% in the past year. Even on a YTD basis, the Nifty Metals pack has rallied 57% as against a rise of 9% in the Nifty50 pac ....