Metal Stocks Outlook for the week - 02.12.2013 - 06.12.2013 www.rupeedesk.in
Non-ferrous metal stocks are seen gaining next week but stocks of ferrous metal companies are likely to be down or subdued. For the long term, we prefer Hindustan Zinc and NMDC. NMDC's valuations remain attractive when compared to global peers. We have retained an overweight rating on NMDC as we believe that the price difference between Indian and international ore prices will narrow only in the long run. NMDC is a very good pick for a short term basis. Hindalco has expanded (capacity) recently; the company has not received coal blocks for the same. Any benefits will only be seen in around two years. On Hindustan Zinc, investors will eye the outcome of a meeting to be chaired by Prime Minister Manmohan Singh on Dec 3 to decide on the divestment of government's stakes in the company and also in BALCO. If the Dec 3 meeting does not take a decision on divestment of government stake in Hindustan Zing -- You received this message because you are subscribed to the Google Groups "Rupeedesk Profits" group. To unsubscribe from this group and stop receiving emails from it, send an email to [email protected]. To post to this group, send email to [email protected]. Visit this group at http://groups.google.com/group/kences1. For more options, visit https://groups.google.com/groups/opt_out.
