Metal Stocks Outlook
for the week – 17 to 21.10.2016
Free Intraday Tips : Join Our Whatsapp No : 9841986753
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.