Metal Stocks Outlook For The Week - 09 to 13.10.2017
Metal Stocks Outlook For The Week - 09 to 13.10.2017
( www.rupeedesk.in )
Stocks of metal and mining companies are expected to continue their rise next week, especially as sentiment in the broader market remains positive. Stocks of all companies in this space rose this week, up 4-13%, supported by strength in the broader market and higher prices of base metals. Recent price hikes undertaken by these companies also aided gains in their stocks. Apart from prices of base metals, the key trigger, stocks will also factor in earnings expectations for companies' September quarter earnings. In the ferrous space, realisations of steel makers with a flat products heavy portfolio are expected to improve by 1,500 rupees per tn sequentially in Jul-Sep. We do not expect any significant changes in costs, though some producers may consume high-cost coal
inventories. Among ferrous producers, Hindustan Zinc and Vedanta are seen reporting strong earnings growth led by robust zinc prices. Vedanta's earnings will also be supported by strong recovery in aluminium and copper volumes and power generation, after Apr-Jun was affected by plant outages.
Source : Cogencis Information Services Ltd.
Click Below Link
( www.rupeedesk.in )
Stocks of metal and mining companies are expected to continue their rise next week, especially as sentiment in the broader market remains positive. Stocks of all companies in this space rose this week, up 4-13%, supported by strength in the broader market and higher prices of base metals. Recent price hikes undertaken by these companies also aided gains in their stocks. Apart from prices of base metals, the key trigger, stocks will also factor in earnings expectations for companies' September quarter earnings. In the ferrous space, realisations of steel makers with a flat products heavy portfolio are expected to improve by 1,500 rupees per tn sequentially in Jul-Sep. We do not expect any significant changes in costs, though some producers may consume high-cost coal
inventories. Among ferrous producers, Hindustan Zinc and Vedanta are seen reporting strong earnings growth led by robust zinc prices. Vedanta's earnings will also be supported by strong recovery in aluminium and copper volumes and power generation, after Apr-Jun was affected by plant outages.
Jindalstel - Up
Coalindia - Up
Hindalco - Up
Tatasteel - Up
Coalindia - Up
Hindalco - Up
Tatasteel - Up
Jswsteel - Up
Free Intraday Tips : Join Our Whatsapp No : 9841986753
Free Commodity Tips : Join our Whatsapp No : 9094047040
