Hy, welcome back.
The article will see, will analyse the metal sector in the Indian stock market. The market is a little bearish on the 20th of August 2021. Due to this, all the stocks were in Red especially Metal Sector.
Is it the right time to invest in Stocks?
The metal sector is down by more than 6.4% on the 20th of August 2021 which is an opportunity to have a jump into the metal sector.
Today is the total panic selling was going on in the market. People are scared of the market to correct and bookings their losses and profits respectively.
If we consider the Steel sector, it is still looking bullish and there are no signals where we can consider to be bearish in steel segments.
After the corona movement, there was a huge rally in the market and now it started to settle in one zone. The nifty was consolidate on the 15500 zones and given a movement breakout.
As of now, you can consider buying on dips if you are having capital in your hand.
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Stocks In Focus
Now let’s consider some of the goods to purchase under the Metal Sector.
One of the topmost companies in the steel industry. The fundamental of the stock is very good. The stock is having a market cap of 180,000+ Cr, the Stock P/E ratio is about 8.3 and the debt to equity is 1.20.
If you consider the return over the last 5 years it will come around 32.1%. The stock chart is still bullish.
Here is the chart of Tata steel
The company is involved in the business of manufacturing iron and steel products. This is one of the promising stocks in the market which is having a market cap of 165,337 Cr.
If we consider the fundamental of the stock, the stock is having a P/E ratio of 11.5 and the debt to equity is around 1.33.
The stock has given a 30.8% return over the past 5 years.
Here is the chart of JSW Steel
Always do your research and apply your strategy to these stocks and try to learn new things from the market.
I am going to take some good positions in these stocks and holding them for a couple of weeks. Let’s hope for the best.
Let me know some stock which you are taking a position in the coming days.