Stock Market today: Mutual funds’ favourite metal stock JTL Industries gained during the morning trades on Wednesday after it announced THIS order book update. Do you own?
1 min read5 Feb 2025Indian metal stocks declined significantly on January 3 amid escalating global trade tensions after US tariffs were announced. The Nifty Metal index fell 3.6%, reaching a low of 8,000, with all constituents losing value, particularly SAIL, JSW Steel, Hindustan Copper, and National Aluminium.
2 min read3 Feb 2025Metal stocks are under pressure as Trump’s tariff threats on China raise concerns about global demand and prices. The Nifty Metal index fell 2.23%, with major losses from companies like Welspun Corp and SAIL, contributing to a 3.4% decline this January.
3 min read22 Jan 2025UBS Securities has upgraded APL Apollo Tubes’ rating to ’Buy’ from ’Neutral’ and increased the target price to ₹1,900, reflecting a 23% upside potential from ₹1,548. The brokerage sees market share gains and strong volume growth as key drivers for the stock’s performance.
3 min read17 Jan 2025SAIL shares dropped nearly 6 percent on December 13, breaking a six-session winning streak amid broader market weakness. The decline in metal stocks was attributed to cooling global prices and China’s plans for economic measures, raising concerns over trade tensions with the US.
3 min read13 Dec 2024China’s decision to cancel this tax rebate, which has long supported its export-driven aluminum industry, sparked a sharp rally in aluminum prices on the London Metal Exchange on Friday. The move is expected to curb the excessive supply of Chinese aluminum abroad.
1 min read18 Nov 2024JSW Steel’s Q2 results show an 85% net profit decline to ₹404 crore due to a ₹342 crore exceptional loss and higher taxes. Revenue fell 11% to ₹39,684 crore, with EBITDA at ₹5,437 crore and a margin drop to 13.7%.
3 min read25 Oct 2024Metal stocks tanked today as investors were expecting Beijing to announce significant fiscal support, including trillions of yuan in bond issuances and initiatives to stimulate consumption. However, the government instead unveiled a modest investment plan of CNY 100 billion for the upcoming year.
3 min read8 Oct 2024The Nifty 50 wrapped up September with a gain of 2.3%, while the Sensex also surged 2.35%. Metal stocks emerged as the top performers in September, with the Nifty Metal index surging 8.43%, marking its second-largest monthly gain of the year.
4 min read30 Sep 2024NMDC shares rose 5.5% to ₹247.50 amid increasing iron ore prices, driven by optimism over China’s economic recovery. Chinese stimulus measures have contributed to this surge, with iron ore prices rising 8.4% to $110.65 per ton.
3 min read30 Sep 2024The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared