Metal Stocks Outlook for the week – 24 to 28.07.2017
Metal Stocks Outlook for the week – 24 to 28.07.2017
( www.rupeedesk.in )
Stocks of metal and mining companies are set to extend their uptrend next week tailing positive
momentum of the broader market. Both the Nifty 50 and Sensex ended up for the third week in a
row, and the Nifty Metal index ended with gains on a weekly basis for the fourth consecutive week.
The structure for stocks of most metal and mining companies remains positive. Hindalco Industries ended up for the fourth week in a row, and is seen rising further up to 230 rupees. The stock yesterday hit an over six-year high, and has risen over 14% in four weeks. Vedanta, which will be in focus next week as it details its Apr-Jun earnings on Tuesday, is also seen in a positive territory.
Source : Cogencis Information Services Ltd.
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Metal Stocks Outlook for the week – 24 to 28.07.2017
( www.rupeedesk.in )
Stocks of metal and mining companies are set to extend their uptrend next week tailing positive
momentum of the broader market. Both the Nifty 50 and Sensex ended up for the third week in a
row, and the Nifty Metal index ended with gains on a weekly basis for the fourth consecutive week.
The structure for stocks of most metal and mining companies remains positive. Hindalco Industries ended up for the fourth week in a row, and is seen rising further up to 230 rupees. The stock yesterday hit an over six-year high, and has risen over 14% in four weeks. Vedanta, which will be in focus next week as it details its Apr-Jun earnings on Tuesday, is also seen in a positive territory.
Source : Cogencis Information Services Ltd.
