Metal Stocks

Metal stocks represent companies that produce, extract, process, or supply metals and minerals to other countries. They are major players in steel, copper, zinc and aluminium production and a large number of industries rely heavily on their business. From construction to energy production, these companies are directly or indirectly involved in all economic activities.

Investment in metal sector stocks would require a demat account, linked to your bank account. You can also open a demat account on platforms like Upstox for free. It is important to conduct a thorough analysis of the company's financials before investing in the stock. One can also invest in mutual funds that invest in metal sector stocks.

The metal industry is prone to price volatility and supply disruptions because of events like economic downturns and geopolitical factors. Due to the significant impact of metal extraction on the environment and surrounding areas, metal industry firms may face regulatory challenges and opposition from environmental activists. The labour-intensive metal industry may also face significant challenges from labour unions and strikes.

The metal industry is considered the backbone of the economy, and a well-evaluated stock selection from the segment would enable investors to earn well in the long term. An investor who believes in the growth of this industry and has knowledge of the metal industry should invest in these sectoral stocks. Investors need to have a better risk appetite so that they can survive stock volatility.

The wide range of applications of different metals like steel, aluminium and zinc, make this metal production an ever-evolving industry which is unfettered by cyclical fluctuations. Metal sector stocks also provide diversification benefits and enable exposure to economic growth. Many companies in the sector have business expanded to other countries offering a bigger market to cater to.

Largest Metal sector company is HINDUSTAN ZINC LIMITED with a market capitalization of ₹216737.80.

Today's Top gainers in Metal sector are:

SUNLITE RECYCLING IND LTD (2.41%)

RAM RATNA WIRES LIMITED (0.70%)

HINDALCO INDUSTRIES LTD (0.69%)

HINDUSTAN COPPER LTD (0.69%)

CUBEX TUBINGS LTD (0.54%)

Today's Top losers in Metal sector are:

HINDUSTAN ZINC LIMITED (-5.81%)

SAGARDEEP ALLOYS LIMITED (-2.33%)

INNOMET ADVANCED MATERI L (-1.98%)

PRECISION METALIKS LTD (-1.83%)

PONDY OXIDES & CHEM LTD (-1.41%)