Money on the markets

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Metal stocks rally

November 11, 2009

It was a good day at the bourses for metal stocks, with the BSE Metal Index gaining 4.2 percent in a broader market that jumped over 400 points.

All stocks in the metal index closed in the green, with Gujarat NRE Coke and Sesa Goa leading the pack with gains of over 7 percent each.

Sterlite Industries and Tata Steel added 6.5 and 4.2 percent respectively.

The metal index has gained over 12 percent this month, outperforming the return of the Sensex which has gained only 6 percent in the period.

What’s your favourite pick in this sector?

Comments

I like Sesa Goa, it was a good buy below 300 rupees.

Posted by Rajesh | Report as abusive
 

buy ratnamani metal target 150

Posted by dhiraj kumar | Report as abusive
 

ratnamani metal If you are patient you can get still some further upside.With most of the metal stocks going up I expect this company to give decent returns in next 5-6 months.I expect it to touch a target price of Rs 150 which is close to 50% upside from current levels.
One can accumulate this stock at current levels.

Posted by dhiraj kumar | Report as abusive
 

I am definitely bookmarking this page and sharing it with my friends.

:)

 

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