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Topic : Invest In Bullion......
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Is this a good time to pick up metal stocks?

Created by : Esha Johar, Risk Analyst, Irevna  | 06 05 2010 06:46:18 +0000
Industry : Equity Research/AnalyticsFunctional Area : Equities(Markets)
Keywords : investment stocks precious metals
Activity:  349 views;  last activity : 07 06 2010 20:18:09 +0000

India copper fell by over a percent weighed by a strong rupee, and lingering concerns about European credit crisis and China, analysts said. The June copper on the Multi Commodity Exchange was trading 1.24 percent lower at 310.70 rupees per kg. The Indian rupee continued to trade stronger, boosted by broad losses in the dollar versus major currencies and tracking gains in domestic shares that raised expectations of capital inflows.

http://www.topnews.in/files/Precious-Metals5.jpg

Current credit crisis in the Euro zone and monetary tightening in China, the largest consumer of industrial metals, weighed on industrial metals. Copper seems to come closer to 300/303 (rupees) on concerns about demand. Nickel looks vulnerable for a further downside and may come down to 850 levels or so.The June copper on the Multi Commodity Exchange was trading 1.24 percent lower at 310.70 rupees per kg. .

In other base metals, June zinc was trading 2.77 percent lower at 82.40 rupees per kg. June lead was trading 2.88 percent lower at 77.60 rupees per kg, while nickel for June delivery was trading 4.12 percent lower at 901.20 rupees per kg.

So users, do you think this is a good time to pick up metal stocks?

  
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Top Argument
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as last view of metal stock we can not decide the because of economy failure, now onwards economy move to higher so we definitely pick this metal
By sumit kumar, Finance/Budgeting Manager, Bangalore school of business  06 25 2010 04:24:03 +0000
 
Top Argument
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I don't think its a good time to pick up metal stocks as past few figures of metal prices in the market doesn't seem to be good. As we can see from the above data, majority of the base metals are trading in low figures.
By Esha Johar, Risk Analyst, Irevna  06 05 2010 06:46:18 +0000
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metal price is good in this time so it is best time for stock
By MUKESH KOTECHA, ADMINISTATION & ACCOUNTS, ALFARZAH TRAD. CO.(L.L.C.)  | 06 29 2010 00:52:54 +0000
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besides the technicals investing is also about intuitions and hunches so i feel that way...
By Jayant Singh, Freelancer, Management & Strategy Consulting  | 06 27 2010 07:51:24 +0000
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As the prices are not so high, so one can invest for a little long term basis.
By Intekhab khan, Trainer, Education  | 06 27 2010 05:44:14 +0000
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as per past & future value of the metal stocks,need to analyse then accordingly go head
By Mohammed Abdul Wajid Qureshi, Accounts Executive/Accountant, Sale For Distribution & Communication Co. Ltd.  | 06 25 2010 16:52:03 +0000
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well every industry follow their own cycle and pattern study that u would get answer of your question.
By HEMANT VERMA, Marketing and Branding, NAVNEET PUBLICATION INDIA LTD.  | 06 25 2010 14:41:53 +0000
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It is very much known that the prices of metal are high for locally made metals in India when compared to improted one especially from china. the difference is as high as 5000 Rs a tonne, which is very much high. it is being claimed that with China revaluing its currency against USD, there will be good effect, but the difference seems to be too high, though quality is a issue, but still big price difference does matters. So investing in metal stocks for now is not a good deal.
By Rohit Khatri, Fianance & Logistics Manager, asian motors ltd  | 06 25 2010 09:29:23 +0000
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Wait till further opportunity to pick up metal stocks
By Shailesh Limbachiya, Accounts Executive/Accountant, Trigyn Technologies Limited  | 06 24 2010 05:25:14 +0000
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YES BUT POLYCARBONATE, GLASS AND ALUMINIUM WILL ALSO REPLACE METAL IN LONG RUN
By PRAFUL VISWANATH VYAS, Accounts Executive/Accountant, SIEPMANNS CARD SYSTEMS PVT LTD  | 06 24 2010 04:24:09 +0000
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I FULLY AGREE WITH YOUR CONTENTION.
By PRAFUL VISWANATH VYAS, Accounts Executive/Accountant, SIEPMANNS CARD SYSTEMS PVT LTD  | 06 24 2010 04:21:49 +0000
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metal being a scarce resources the price in long run will rise. However, the price depends on the demand for a particular metal
By Subrat Kumar Mohakud, Accounts Manager, BSNL  | 06 23 2010 04:46:40 +0000
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In two years span metal prices will increase due high infrastructure requirment in Developing countries such as india and China.
By Linto Anthoni, Financial Accountant, Sarmad International Co LLC  | 06 22 2010 15:24:35 +0000
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Jyoti you have hit the bulls eye. I agree with you totally on the subject.
By Rathin Deb, Freelance Retail Consultant  | 06 22 2010 14:42:42 +0000
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i think that housing projects are earning lots of profit
By jahid hussain, executive assistant, AIPL  | 06 22 2010 10:42:44 +0000
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Hi Esha and All,

I think the metals performed well after this discusions.

I recomended Sterlite which is showing 50% growth from lower side after split.

I agree with Suchita, that metal must not be avoided in equities.


By Jyoti CHETANI, Freelancer, Equity Research/Analytics  | 06 21 2010 16:16:51 +0000
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Good time or Bad time, Who knows ?

Metal stocks are high beta stocks. The stocks are breaking bigg avereges.

Long term -  Must collect the stock, but not leveraged.

Short term - Can bring in small sizes.

Indian metal demand is rapidly surging and the potential companies cater the major requirement. Hence must not get missed in potential players.

Stock splits and bonus candidates must be of main attraction. e.g Sterlite.
By Jyoti CHETANI, Freelancer, Equity Research/Analytics  | 06 05 2010 13:08:31 +0000
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As a part of asset allocation in an portfolio.one should always consider metals.Of Course during correction or accumulation.
By suchita Ambardekar, Director on Board, Vir Rubber Products Pvt Ltd, Vir auto enterprises Pvt Ltd  | 06 05 2010 12:34:22 +0000
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OIL sector is the best.........
By Chandra Prakash Agrawal, Sr. software Engineer, Capgemini  | 06 28 2010 14:10:22 +0000
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it is the time to be cautious... The yellow metal is continuously looking top but share market boom will reduce the demand. I feel it may hover around 15k.
By RAVI P, Zonal Head, Private Bank  | 06 27 2010 06:37:36 +0000
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I dont think it is right time to pick metal sotcks. as metals industry facing slowdown of market prices.
By CHINNARI NAGESWAR RAO, Accounts Manager, LANCO AMARKANTAK POWER LTD  | 06 25 2010 04:25:55 +0000
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I think it should be avoided for some time (probably for couple of more months)...But Metal stocks are something which must be included for long term (and some seasonal short term gains as well) in your portfolio as per my understanding.So whenever you get an opportunity, you should definitely cash in.

Regards

Ankur
By Ankur Agrawal, Partner/Principal/VP, PeopleLogic Solutions  | 06 24 2010 06:34:05 +0000
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CHAINA DEMAND IN 2ND HALF EXPECTED TO DECREASE
By PANKAJ , Chartered Accountant/CPA, SARAF & SARAF  | 06 22 2010 08:51:02 +0000
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Thanks for the Ms Esha & Mr. Ahamad, Its should be in proper manaer & because market is not showing good responce.
By Rishi Nath Thakur Thakur, Finance/Budgeting Manager, Butterflies (NGO)  | 06 21 2010 04:40:41 +0000
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Thnks for the referral Ms Esha,

I think bulk investment should be put on hold
By Dr Ali Ahmad, Independent Health Care Consultant, Hospital Management Consultant  | 06 06 2010 17:25:07 +0000
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right mam
By puneet , Manager Admin  | 06 06 2010 12:31:28 +0000
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Esha I agree with your argument. Good work!!

But i can suggest for precious metal(i.e. Gold) rather than base metal. It would far better option to buy than base metal in present scenario. Because there are many reason for same but one of them is Euro crisis itself. There maybe increase in demand of precious metal in market as per conditions..... But can stay away from equities or base metal for very short period.....FMCG, PHARMA, POWER are good sectors for investment...


By Vipin Bhasin, Private Equity/Hedge Fund/VC-Manager, Indian Investment Co.  | 06 05 2010 15:13:42 +0000
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