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.
How to build your portfolio for FY27? Wealth Company MF CIO Aparna Shanker shares strategy
Aparna Shanker of The Wealth Company Mutual Fund suggests a balanced investment strategy for FY27. She advises a tilt towards equities, with exposure to debt