Stocks of metal firms outshine broader market despite long-term concerns

BSE Metal Index is up as much as 30% in last three months versus a 12.3% rise in Sensex

Topics
Markets | BSE | Metal stocks

Krishna Kant  |  Mumbai 

Metal stocks have begun to outperform the benchmark indices even though they remain a laggard on a long-term basis. The BSE Metal Index is up nearly 30 per cent since the beginning of May as against a 12.3 per cent rally in the S&P BSE Sensex during the period (see adjoining chart).

The metal index tracks the movements in the market capitalisation of metals and mining firms such as Tata Steel, Hindalco, JSW Steel, NMDC, Vedanta, Hindustan Zinc, National Aluminium, and Steel Authority of India. But the metal firms, unlike the broader equity market, are yet to recover from the ...
First Published: Mon, August 17 2020. 06:03 IST