Synopsis
Shares have rallied 72% in the last one month and 166% in the last three months to close at Rs 98.35 on Monday. The stock is expected to rally another 25% in the next few weeks, said technical analysts.
MUMBAI: Monday belonged to metals on D-Street. From copper to steel, metal stocks were red hot on a day investors appeared to have cold-shouldered virtually every other sector. Hindustan Copper surged 15%, while Vedanta and Hindalco gained 7% and 3%, respectively.Copper crossed $9,000 per tonne for the first time in the past nine and half years on the London Metal Exchange. The ongoing concentrate supply issues and strong demand, particularly
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