Steel Leader Expands into Copper & Brass with 200MT/Month Production at New Facility

Affordable Steel Stock Set for Expansion and Sustainable Growth

Metal and Energy Sectors Lead Gains; Auto and Financial Services Underperform in Mixed Market Session

The stock is trading up by nearly 3 per cent and it has recorded a fresh 52-week high on Monday. Interestingly, the stock in the last six months has advanced more than 127 per cent and in the last one year, it has delivered jaw dropping returns of 210 per cent which make the stock a multibagger.  

Interestingly, it has also hit back-to-back upper circuits in the last three trading sessions

Interestingly, before the beginning of Tuesday’s session, there were two stocks in the F&O ban namely, Delta Corp and Sun TV. 

However, concerns about inflation, rising interest rates, and the possibility of a worldwide recession continue to remain in focus. In terms of sectoral indices on NSE, the FMCG and financial services sectors were marginally higher while metals nosedived 4 per cent, followed by Nifty IT, media, realty, banking, oil & gas stocks. 

The scrip rallied 20 per cent and got locked up in the upper circuit to record an all-time high value.   

Indices lost points for the third consecutive day as Nifty fell about 0.62 per cent to close at 16,025.80.

Going ahead, the stock selection is going to be of paramount importance and hence, we have chalked down a list of stocks that are likely to outperform. Here is the list of stocks:  

The stock is also meeting Mark Minervini’s trend template. It is trading above 40, 30 & 10-weekly averages and all of them are trending up. At the same time, there is the desired sequence.

Nifty Metal has been extremely bullish lately as it gained nearly 11 per cent in just 18 trading sessions.

Market is currently trading in favour of advances with the advance to decline ratio standing as 221:174. 

Market is currently trading in favour of advances with the advance to decline ratio standing as 225:170.

The market is currently trading in favour of advances and the advance to decline ratio stands as 163:131.