Metal Stocks Outlook for the week – 10 to 14.08.2015
(Seen
to trade with bounce back)
( www.rupeedesk.in )
A
technical bounce-back can be seen among shares of major metal and mining
stocks, even as
companies
are expected to deliver subdued quarterly earnings. The Street would eye stocks
of
Hindalco
Ltd, Tata Steel Ltd and SAIL Ltd as the companies are scheduled to announce
Apr-Jun
earnings
next week.
Companies
across metals and mining sectors are bearing the brunt of plummeting prices of
metals such as iron ore, copper and aluminium. Margins of aluminium and
steelmakers were squeezed in the last six months due to cheap imports from
China.
