Indian metal stocks suffered a drop of nearly 15% in CY23, making it the second-worst performer after the Nifty Media. Despite many analysts and brokerage firms highlighting that the drop provided an excellent buying opportunity, there was enough negative sentiment to overshadow the positive news. Headwinds such as China’s slowing economy, the imposition of heavy export duty, and rising raw material prices have caused the decline. Due to this challenging environment, earnings for metal stocks will be a crucial factor in deciding the industry’s fate.
SBI to raise $3 billion through senior unsecured notes in FY26
State Bank of India plans to raise funds. The board approved raising up to $3 billion through senior unsecured notes. This will happen during fiscal
May 21, 2025