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.
Ranbir Kapoor invests Rs 15 crore in ‘Ramayana’ production house, stock up over 90% since April
Ranbir Kapoor has reportedly invested about Rs 15 crore in Prime Focus, acquiring 12.5 lakh shares at Rs 120 each following shareholder approval for a
July 10, 2025