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.
Stocks of public sector undertakings (PSU) have had a phenomenal run in the last one year as well as in 2024 YTD (year-to-date) with the Nifty PSE index outperforming the benchmark Nifty in both these time frames. All constituents of the Nifty PSE index were also positive in these time frames.
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.