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Can Vedanta Aluminium, NALCO shares crash up to 40%? Why InCred sees major downside
InCred Equities has turned bearish on the aluminium sector, advising investors to exit aluminium stocks as it sees a potential 30–40% downside. The brokerage argues that the market is incorrectly valuing aluminium as a supply-constrained primary metal, overlooking its unique nature as a highly recyclable, above-ground resource.
Silver price tanks 14% in a week leading to 9% decline in Hindustan Zinc share price. Is worst over for white metal?
Hindustan Zinc shares dropped 4% to ₹531.1 as silver prices continued to decline, impacted by a stronger US dollar and rising bond yields. Silver fell 14% this week, exacerbated by diminished geopolitical tensions and expectations of higher US interest rates affecting investor demand.
Vedanta, NALCO, Hind Zinc: Metals stocks dip up to 3%; here's why
A sell-off in precious metals, especially Silver, owing to strength in the US dollar and hawkish US Federal Reserve stance, triggered selling pressure in metal stocks on Thursday, say analysts.
Vedanta, NALCO, Hindustan Zinc shares fall up to 3% as silver, aluminium, other metal prices tumble. Here's why
Metal stocks including Vedanta, NALCO and Hindustan Zinc fell up to 3% as global metal prices declined sharply. A stronger US dollar, easing Middle East tensions and rising expectations of a Fed rate hike pressured commodities like silver, aluminium, copper and zinc, triggering a broad-based pullback in the metal pack.
Hindustan Zinc Ltd Falls 2.9%
Hindustan Zinc Ltd has lost 18.71% over last one month compared to 8.29% fall in BSE Metal index and 1.82% rise in the SENSEX
Vedanta Aluminium share price gains as brokerages remain bullish; CLSA sees 18% upside
CLSA assigned an ‘Outperform’ rating on Vedanta Aluminium Metal shares, with a target price of ₹540 apiece, based on 6x FY28CL EV/Ebitda. The target price implies an upside potential of 18% from Tuesday’s closing price.
Hindustan Zinc Ltd Slips 1.01%
Hindustan Zinc Ltd has lost 14.69% over last one month compared to 6.57% fall in BSE Metal index and 0.34% drop in the SENSEX
Metal stock with more 'sell' ratings than 'buy' gets 31% upside projection
The brokerage expects firm aluminium prices and higher alumina volumes to support the company's revenue growth in the coming years.
Vedanta Aluminium shares rise nearly 2% as CLSA initiates Outperform call, sees 18% upside potential. Here's why
Vedanta Aluminium Metal shares surged nearly 2% after CLSA initiated coverage with an 'Outperform' rating and a Rs 540 target price, citing a strong aluminium cycle and operational strengths. The brokerage anticipates backward integration will significantly improve the company's cost position. Robust demand from electrification and constrained supply are expected to support higher aluminium prices for an extended period, bolstering Vedanta Aluminium's financial outlook and potential for deleveraging and dividends.
Metal companies' hot run comes to an end as West Asia cools off
Metal stocks experienced a significant downturn Tuesday, with the Nifty Metal index dropping 3.2% as falling commodity prices, domestic economic slowdown fears, and anticipated US Federal Reserve rate hikes impacted investor confidence. Vedanta led the decline. Analysts suggest a cautious approach, advising a wait-and-watch strategy before re-entering the sector amidst these headwinds.
India Initiates Anti-Dumping Probe Against Imports Of Electrical Steel From China, 3 Other Nations
The applicant has alleged that the cheap imports of 'Cold Rolled Grain Oriented Electrical Steel and Amorphous Metal' is significantly harming the domestic industry.
Hindustan Zinc shares decline 5% on falling Silver prices, stronger US Dollar
Hindstan Zinc is the only pure listed silver play in India. The metal accounts for around 50% to 45% of the firm's EBIT, which makes the stock highly sentitive to moves in the white metal.