Metal Stocks Outlook For The Week – 15 to 19.01.2018
The shares of metal and mining companies are likely to remain positive next week as Oct-Dec earnings are seen robust. The Nifty Metal index ended higher on a weekly basis for the sixth week in a row yesterday, gaining more than 1%. It has outperformed the benchmarks Nifty 50 and Sensex for the fourth consecutive week. The Steel producers are seen posting strong earnings because of price hikes taken during the quarter, backed by record production volumes. Prices of long and flat products have risen by approximately 1,000-1,500 rupees per tn during the quarter. Even though the increase in realisations is likely to be offset by higher iron ore and coking coal costs, overall margins are likely to improve. The earnings of aluminium, copper and zinc producers are also likely to be strong for
the quarter ended December, reflecting the higher prices of base metals on the London Metal Exchange. We expect higher realisations to be partially offset by an increase in input costs, especially coal and carbon products; all aluminium producers will see their costs rise.
Source : Cogencis Information Services Ltd.
Equity Cash/Futures/Options Segment
Register for Daily Rs 2000/- Profit in Stock Options
Click Here : Free Nifty Intraday Chart Live
Today Nifty Stocks Support and Resistance Level
Today Free Nifty Option Tips
Today Free Banknifty Option Tips
Today Free Stock Option Tips
This Week - Weekly Sector Report
Live Hourly Stock and Nifty Trend
Click Here : Free Nifty Intraday Chart Live
Today Nifty Stocks Support and Resistance Level
Today Free Nifty Option Tips
Today Free Banknifty Option Tips
Today Free Stock Option Tips
This Week - Weekly Sector Report
Live Hourly Stock and Nifty Trend
The shares of metal and mining companies are likely to remain positive next week as Oct-Dec earnings are seen robust. The Nifty Metal index ended higher on a weekly basis for the sixth week in a row yesterday, gaining more than 1%. It has outperformed the benchmarks Nifty 50 and Sensex for the fourth consecutive week. The Steel producers are seen posting strong earnings because of price hikes taken during the quarter, backed by record production volumes. Prices of long and flat products have risen by approximately 1,000-1,500 rupees per tn during the quarter. Even though the increase in realisations is likely to be offset by higher iron ore and coking coal costs, overall margins are likely to improve. The earnings of aluminium, copper and zinc producers are also likely to be strong for
the quarter ended December, reflecting the higher prices of base metals on the London Metal Exchange. We expect higher realisations to be partially offset by an increase in input costs, especially coal and carbon products; all aluminium producers will see their costs rise.
Source : Cogencis Information Services Ltd.
Free Intraday Tips : Join Our Whatsapp No : 9841986753
Free Commodity Tips : Join our Whatsapp No : 9094047040
