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Informist, Friday, Jun. 13, 2025

NEW DELHI – The movement in shares of metal companies next week is expected to be significant largely in response to geopolitical developments, analysts said. In the absence of a news-based negative trigger for the sector, metal stocks are expected to see a positive momentum during the week, they added.

Metal stocks recently saw a phase of volatility amid global geopolitical concerns and the absence of a concrete outcome of the US-China trade deal. This week, the 15-constituent Nifty Metal index fell 1.6% after rising over 3% in the previous week. However, analysts said that domestic demand for metals is expected to remain strong. Sonam Srivastava, founder of Wright Research, said she does not see any major concerns tied to valuations of stocks in the metals sector.

Steel companies are expected to report improved margins for the first quarter of the ongoing financial year, driven by price hikes in March and April, according to a report by Elara Capital. However, the report added that this uptick in margins may be short lived, as seasonal softness in steel prices is likely to set in. Further, the report said that an emerging shortage of rare earth minerals poses a fresh risk to the industry, potentially disrupting the key user sectors.

For May, JSW Steel, a leading steel producer in the country, reported an 8% on-year growth in its consolidated steel production to around 2.3 million tonnes. In a statement, the company said its cumulative steel production during Apr-May increased 13% on year to around 4.8 million tonnes. "Provisional data for May indicates continued growth in crude steel production, up (around) 6% on year and (around) 1% on month, driven by lower imports and anticipated pre-monsoon restocking," Elara Capital said.

On Friday, the Nifty Metal index closed at 9258.80 points, down almost 1%, extending losses for the third consecutive session. However, the index has risen 0.7% so far in June while the Nifty 50 has fallen 0.1% during the same period. 

TOP HEADLINES

* ANALYSIS: Metal, mining cos post mixed show Jan-Mar; aluminium keeps shining    
* Hind Zinc to pay INR 10 per share interim dividend for FY26; record date Tue    
* IPO Alert: Sai Infinium withdraws DRHP for fresh issue of 19.60 mln shrs
* JSW Steel May consol output increases 8% on year to around 2.3 million tonne
* Hindustan Zinc board to meet Wed to consider interim dividend for FY26
* RITES inks MoU with Hind Copper to develop 'critical' mineral supply chain

Following are the resistance and support levels for the stocks for next week as per calculations by Informist based on their prices on the National Stock Exchange:

End

Reported by Shakshi Jain

Edited by Nishant Maher

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