Sharp Rise in Metal Stocks in India
Mumbai: There is a sharp rise in metal stocks on the domestic stock market. Shares of metal-related companies like copper, steel are rising. This boom has come at a time when the shares of many other sector companies have become expensive.
On Tuesday, Hindustan Copper shares jumped 20 per cent, while Vedanta shares rose up to 6 per cent. On Wednesday too, shares of Hindustan Copper jumped up to 10 percent.
Sandeep Porwal, technical analyst, Ashika Stock Broking, said, “The stock has shown a strong recovery from the price of Rs 18. The stock has been awakened after a lull of seven years. After crossing Rs 100, the stock will go up to Rs 125, While the level of 150 rupees is a big hurdle for it. ”
Motilal Oswal technical analyst Chandan Tapadia said that this stock has shone due to increased interest in the metal sector. He said, “This stock has been climbing for four weeks ..