Companies◆ Mixed
Copper boom stocks: Hindustan Copper, Vedanta Aluminium, Hindustan Zinc, Vedanta, NALCO - Experts views on metal shares
Vedanta is in focus.
· LiveMint Markets
Rising demand from essential industries and limited supply are expected to sustain long-term copper prices, benefiting non-ferrous stocks like Hindustan Copper and Vedanta, as identified in an Aditya Birla Capital…
The analysis
Against that, the stock is -2.8% on the day at ₹254.15, and has returned -5.8% over three months. It sits 68% below its 52-week high, which means a good deal of bad news was already in the price.
Market context
- The company directly in focus is VEDL.