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Nifty Metal index stocks: Is consolidation on business and stock level over?

Nifty Metal index stocks: Is consolidation on business and stock level over?
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Synopsis

Metal sector has been witnessing a mixed news flow, the much anticipated recovery in China is not panning out but there is no immediate pressure on prices. In the case of companies, some of them have utilized the amount they made in the recent boom to reduce the debt. Some of the stocks have been outperforming by not declining in a corrective phase of markets. Stock Reports Plus, powered by Refinitiv, is a comprehensive research report that evaluates five key components of 4,000+ listed stocks - earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores.

By ETMarkets.com
17 mins read,
In the last few weeks, despite the fact that metal prices are still under pressure, some metal stocks have shown first signs of strength. How? On days when markets are under pressure, they are not the ones which are leading the fall. Infact there have been sessions, when nifty is largely flat but some metal stocks witness a decent enough up move. The street is troubled by the fact that despite the opening up of China, there has been no major

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