Markets▲ Positive
Nifty Metal slips 5% in September post 29% 1 yr rally, October comeback ahead? Hindustan Zinc, NMDC, NALCO may shine
Vedanta moved lower.
· LiveMint Markets
Nifty Metal has dropped nearly 5% in the past month, with notable declines from companies like NALCO and Vedanta.
The analysis
Vedanta reported movement of 5% and 29%. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
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.
- The immediate tone of coverage reads positive.