Metal Stocks Outlook for the week – 17 to 21.10.2016

Metal Stocks Outlook for the week – 17 to 21.10.2016 )

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Stocks of major metal and mining companies are likely to be subdued next week, following
the uptrend in these stocks in the past few trading sessions. A short-term reversal in trend
in seen (among metal stocks) after the recent rally. The Nifty Metal index, he said, could rise
to 2722 points, with the possibility of facing a downside of 2578 points.

We expects the strong momentum in the earnings of metals and mining companies to
continue in the quarter ended September. Realisations of steel producers in Jul-Sep are
expected to be soft due to subdued demand and uncertainty regarding a few government
policies. Hindustan Zinc would deliver strong earnings despite lower zinc volumes, led by
higher zinc prices.