Metal Stocks in News: Some metal stocks have increased the capital of investors more than double.
Metal Stocks in News: In the last one year, the domestic benchmark index Nifty 50 gained 18.43 percent. However, it has weakened by 1.62 in the last 30 days. In contrast, if we talk about Nifty Metal, it has strengthened 74.31 percent in the last 365 days and has grown by 3.97 percent in the last one month. Some stocks of Nifty Metal have given good returns to the investors and within a year, the capital of the investors has increased more than double.
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More than 100% jump in these stocks
- Hindustan Copper: Hindustan Copper is a PSE (Public Sector Enterprises) under the Ministry of Mines. It is the only company in the country that does all the processes from mining to making rods, that is, making copper products. On July 31, 2015, the central government (promoter) had announced to reduce its stake by 15 per cent from 89.5 per cent to 74.5 per cent. At present, the government has 66.14 percent stake in it.
- Talking about the share price, it has increased the capital of investors by 117.30 percent in the last one year and 2.59 percent in one month. On Friday (February 4), it closed at Rs 136.90 on NSE. Its 52-week record price is Rs 196.75.
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Vedant
- Vedanta is the world’s largest oil and gas and metal extracting MNC. It mainly extracts iron ore, gold and aluminum from mines in Goa, Karnataka, Rajasthan and Odisha. In this, the promoter and promoter group have 69.69 percent stake.
- Its shares gave a return of 104.92 per cent to investors in the last one year, while its prices have gained 6.29 per cent in the last one month. Its current price on NSE is Rs 356.35, which is about 8 percent discount from the 52-week record high of Rs 385.90.
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HINDALCO
- Hindalco is a subsidiary of Aditya Birla Group, which manufactures aluminum and copper in the country. It occupies the 1117th position in the Forbes Global 2000 list made for the year 2021. Forbes Global 2000 is a list prepared on the basis of sales, profit, assets and market value of the top 2,000 listed companies in the world. This includes 34.64 per cent stake of promoter and promoter group in which Kumar Mangalam Birla has 0.04 per cent stake as promoter.
- Its shares have strengthened 104.16 percent in one year and on Friday it had closed at a price of Rs 525.20 after reaching a record 52-week price of Rs 551.85. It has gained 10.31 per cent in the last one month.
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National Aluminum Company
- NALCO (National Aluminum Company Limited) is a Navratna company under the Ministry of Mining. It manufactures bauxite, alumina, aluminum and electricity in the country. Apart from this, according to a recent report by Wood McKenzie, it is the lowest cost bauxite and alumina company in the world. In this, the government (promoter) has 51.28 percent stake.
- Its shares have given investors a great return of 131.83 percent in one year. In the last one month also, it has increased the capital of the investors by 15.57. Right now its price is Rs 118 and the record price of 52 weeks is Rs 127.95.
Adani Enterprises
- Adani Enterprises, a subsidiary of the Adani Group, is involved in mining and trading of coal, airport operations, edible oils, road-rail and water infra, data centres, hydrocarbon exploration, defense and aerospace, multimodal logistics and agro commodities. In this, the promoter and promoter group have 74.92 percent stake.
- Its shares have increased investor capital by over 200 per cent in the past one year. Its prices have risen by 209.64 percent in one year to Rs 1,754.40. It has strengthened 2.06 percent in a month. Its 52-week top price is Rs 1,908.50.
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