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    Metal stocks: Will they shine again? 6 counters can deliver over 32% returns, say analysts

    Synopsis

    The focus of analysts is back on metal stocks. Unlike 2021 and early 2022 when the outlook was bullish across the board. This time around it is not secularly bullish. It is selected stocks which are getting attention, companies either with large capacity, fully integrated or in any area where they are literally monopolies. For the purpose of this report, where the average stock report plus score is a minimum of 7. The list is based on upside estimated by the analysts, with the highest potential stock coming on the top of the list.

    After covid led disruption, the second half of FY 23 had seen a softening of commodity prices across the world. Then with the opening up of China some metal prices had started to firm up again. But with fear of recession in the US surfacing back, there was a kind of lid on metal prices. For the last few weeks, selective metals have witnessed spikes, though they have not sustained. But if one looks at the overall trend, while they are below the
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    The Economic Times