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Informist, Friday, Nov. 14, 2025

MUMBAI – Stocks of metal companies are expected to move sideways with a positive bias in the coming week, according to analysts. The Nifty Metal index is likely to find key support around 10445 points while 10725 points may pose immediate resistance, said Amol Athawale, vice-president of technical research at Kotak Securities Ltd.

If the Nifty Metal crosses 10725 points, the index could rise further to 10850 points while a move below 10300 points would make an uptrend difficult, as per Athawale. 

Friday, the Nifty Metal ended almost 1% lower at 10494.75 points, after rising in the previous session. 

Based on commentary of metal companies after their September quarter results, analysts said operating margins of companies that deal in ferrous metals will likely contract sequentially in the ongoing quarter. This is largely due to flat or lower steel prices and up to $10 uptick in prices of coking coal per tonne, an analyst at a domestic brokerage said. However, volumes for the quarter are expected to be on a par with the September quarter, as per the analyst. 

Meanwhile, prices of non-ferrous metals such as zinc and aluminium are expected to be significantly better on a sequential basis, the analyst said. Further, demand for steel is anticipated to rise in the ongoing quarter with infrastructural activity picking up, however, there has been no indication regarding an improvement in prices so far, the analyst added. 

"A price uptick should come earlier in long (steel) products than the flat products," the analyst said.

TOP HEADLINES

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* Earnings Review:Tata Steel beats PAT, sales view; sales up YoY after 12 qtrs    
* NALCO pays govt INR-9.89-bln dividend for FY25    
* Lloyds Metals Jul-Sept consolidated PAT surges 90% YoY to INR 5.72 billion    
* NCLT reserves order on Vedanta's plea for demerger, govt's objections to it    
* CRISIL revises outlook for Sarda Energy long-term bk facilities to positive    
* HC sets aside tax dept notice to start reassessment proceedings vs Vedanta    
* Analyst Concall: Bharat Forge to finalise Europe steel ops revamp by Mar-end    
* Hind Copper Jul-Sept net profit rises nearly 83% YoY to INR 1.86 billion    
* Shyam Metalics Oct stainless steel sales down over 2% on year at 6,372 tn    
* Earnings Review: Jindal Stainless Q2 PAT up over 9% YoY, misses Street view    
* Jindal Stainless Jul-Sept PAT rises 9.3% YoY to INR 6.44 billion    
* JSW Steel Oct consol crude steel production up 9% YoY at 2.50 mln tn    
* Earnings Outlook:Jindal Stainless PAT seen up on high stainless steel prices    
* Usha Martin Jul-Sept consol net profit INR 1.10 bln, unch on year    
* Analyst Concall:NALCO to commission expanded Odisha alumina refinery by June    
* Analyst Concall: Hindalco to raise debt overseas to infuse equity in Novelis    
* Earnings Review: NALCO Q2 PAT rises on high sales, beats Street view    
* Ratnamani Metals Jul-Sept consol PAT rises 36% YoY to INR 1.36 billion    
* Hindalco says confident Novelis will mitigate impact of US tariffs in H2    
* Earnings Review: India, US arm ops growth helps Hindalco post robust Q2 PAT

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

US$1 = INR 88.74

Reported by Shakshi Jain

Edited by Deepshikha Bhardwaj

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