Metals stocks surge as brokerages remain positive on the sector; Nifty Metal up 37% in 2021 YTD
Updated : April 08, 2021 01:32 PM IST
The Nifty Metal index was up over 2 percent in trade today in comparison with a 0.7 percent rise in benchmark Nifty.
In 2021 YTD, the Nifty Metal index has risen over 37 percent as compared to a 6 percent rise in Nifty.
Citi raised the FY22 EBITDA estimate by 12-20 percent for steel companies like JSW Steel, JSPL and SAIL.
Published : April 08, 2021 01:15 PM IST