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Multibagger update: These metal stocks gained up to 5,340 per cent in five years; do you own any?

Nifty Metal index has lost 16.5 per cent of its value since the announcement of the measures on May 20. On the other hand, BSE Metal index plunged 4.3 per cent since the announcement.  

Sayali Kotwal 1 9621 Article rating: 3.9

On May 22, the government imposed an export duty of 15 per cent on a selection of pig iron, flat-rolled products made of iron or non-alloyed steel, bars & rods, and various flat-rolled stainless steel products along with an additional 45 per cent on iron ore pellets, in an effort to rein in input prices and control rogue inflation. In a similar vein, the export tariff on iron ores and concentrates was increased from 30 per cent to 50 per cent

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