Metals Stocks Outlook For The Week - 15 To 19.10.2018
Stocks of metal and mining companies will take cues from the broader market next week and may see bouts of correction as sentiment still remains risk averse. Markets will remain closed on Friday for Dusshera. Focus will shift to earnings for the September quarter. Most steel companies are seen reporting strong year-on-year growth, but earnings may be weak sequentially because of pricing pressure during the quarter.
Source : Cogencis Information Services Ltd.
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Stocks of metal and mining companies will take cues from the broader market next week and may see bouts of correction as sentiment still remains risk averse. Markets will remain closed on Friday for Dusshera. Focus will shift to earnings for the September quarter. Most steel companies are seen reporting strong year-on-year growth, but earnings may be weak sequentially because of pricing pressure during the quarter.
Source : Cogencis Information Services Ltd.
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