Metal Stocks

October 3, 2023

Metal Stocks – Do they Promise Solid Returns???

The below table shows the best metal stocks in India based on the highest market capitalization.

Sl No.Stock NameMarket Cap (₹ Cr)Closing Price (₹)
1JSW Steel Ltd1,85,892.65773.15
2Tata Steel Ltd1,39,631.06114.25
3Vedanta Ltd1,04,953.43282.65
4Hindalco Industries Ltd95,997.96428.95
5Jindal Steel And Power Ltd59,713.72594.15
6Bharat Forge Ltd38,066.53817.60
7Steel Authority of India Ltd35,522.5286.00
8Jindal Stainless Ltd27,502.72334.00
9Lloyds Metals And Energy Ltd19,031.87377.00
10National Aluminium Co Ltd15,648.1085.2

I bet you didn’t know that India was the birthplace of metal production. Evidence of iron tools dating back to 1800 BCE has been discovered at archaeological sites in UP. India’s metal sector has a rich history and is now striving for renewed prominence in international markets. 

This article will take you to India’s metal sector and the leading corporations that play a significant role in it.


Metal Sector Stocks – Meaning

The metals and mining industry seeks out and develops mines in areas rich in metal and mineral deposits. Profitable mining operations extract metals and minerals for the jewellery, manufacturing, and investment industries.

The metal sector stocks, in particular, are shares of the companies that are involved in the metal industry. There’s a good chance that you might have heard about a majority of metal stocks listed in the next sections of the article.

Top Metal Stocks in India

The below table shows the Top Metal Stocks in India based on the 1Y Return, 1M Return, and Daily Volume.

SL No.Stock NameMarket Cap (₹ Crores)Close Price (₹)1Y Return (%)1M Return (%)Daily Volume
1JSW Steel Ltd1,85,892.65773.1540.4811.4322,47,699.00
2Tata Steel Ltd1,39,631.06114.2532.629.172,96,75,699.00
3Vedanta Ltd1,04,953.43282.6522.650.2554,64,284.00
4Hindalco Industries Ltd95,997.96428.9533.425.4650,38,239.00
5Jindal Steel And Power Ltd59,713.72594.1589.6413.7393,53,058.00
6Bharat Forge Ltd38,066.53817.631.267.9616,90,477.00
7Steel Authority of India Ltd35,522.528632.514.691,82,64,007.00
8Jindal Stainless Ltd27,502.72334242.2117.194,21,988.00
9Lloyds Metals And Energy Ltd19,031.87377191.1212.391,95,405.00
10National Aluminium Co Ltd15,648.1085.220.775.2547,14,400.00

Metals Stocks PE Ratio

The below table shows the Metals Stocks based on the PE Ratio.

Metal StocksMarket CapClose PricePE Ratio
Hind Aluminium Industries Ltd23.5837.423.49
ABC Gas (International) Ltd7.72393.69
Jainam Ferro Alloys (I) Ltd123.94117.355.33
Goa Carbon Ltd461.35504.155.71
Maan Aluminium Ltd385.3571.257.71
Manaksia Ltd868.98132.68.14
Vedanta Ltd86,672.85233.358.2
Quality Foils India Ltd26.83948.46
Precision Metaliks Ltd62.6038.58.8
Nile Ltd204.60681.69.07

Looking for the Best Stocks in different sectors? Check out the following articles:

Best Banking Stocks in India
Best Blue Chip Stocks in India
Top 10 FMCG Companies in India
Top Pharma Companies in India
Best IT Sector Stocks
Agricultural Stocks in India
Best Auto Sector Stocks in India
Best Renewable Energy Stocks in India
Best Insurance Stocks to buy in India 2023
Best Hotel Stocks in India
Fertilizer Stocks in India

Introduction to Best Metal Stocks in India

Top Metal Stocks in India

JSW Steel Ltd

The primary focus of JSW Steel is the production and distribution of iron and steel goods. During the following ten years, the firm plans to increase its crude steel production capacity from 18 MnTPA in FY20 to 45 MnTPA.The BPSL acquisition was finalized in 2021, making the corporation India’s largest steel producer. The corporation owns the largest steel plant in India, with a production capacity of 12 MnTPA.

Tata Steel Ltd

Tata Steel Ltd. was founded in 1907 and is Asia’s first private, fully integrated steel firm. The corporation operates at every stage of the steelmaking process, from extracting raw materials like iron ore and coal to distributing the final products.

The company’s goal is to raise local steelmaking capacity to 30 MnTPA by 2025.

Vedanta Ltd

Vedanta Limited is a leading natural resources conglomerate based in India. With a diverse portfolio, the company is involved in the production of aluminum, zinc-lead-silver, oil and gas, iron ore, steel, copper, power, nickel, ferroalloys, glass display, optical fiber, and semiconductors. Operating across various segments, including Copper, Aluminium, Iron Ore, Power, Zinc, and Oil and Gas, Vedanta has established itself as a key player in the industry. With a strong focus on sustainable practices, the company caters to both domestic and international markets, providing a wide range of high-quality products.

Metals Stocks PE Ratio

Hind Aluminium Industries Ltd

Hind Aluminium Industries Ltd is possibly involved in manufacturing aluminum products used in sectors like construction, automotive, and packaging.

ABC Gas (International) Ltd

ABC Gas (International) Ltd is likely a company operating in the gas industry, possibly involved in the distribution of industrial gases.

Jainam Ferro Alloys (I) Ltd

Jainam Ferro Alloys (I) Ltd might be engaged in the production and distribution of ferroalloys used in steelmaking and other industries.

Here are some of the Best Stock Research Articles listed based on Top Sectors (Industries), Market Cap, and Fundamental Analysis Factors:

Small Cap Companies
Shares below 100
Nifty 50 Companies
Penny Stocks List
Top 10 FMCG Companies in India
Footwear Stocks
Monopoly Stocks
Chemical Stocks in India
Tobacco Stocks in India
EV Stocks in India
Logistic Stocks India
Jewelry Stocks
Best Cement Stocks
Railway Stocks
Liquor Stocks In India
Aviation Stocks in India

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.

Quick Summary 

  • The metals and mining industry seeks out and develops mines in areas rich in metal and mineral deposits. Profitable mining operations extract metals and minerals for the jewellery, manufacturing, and investment industries.
  • Top Metal Stocks in India
    • Titan Company Ltd
    • JSW Steel Ltd
    • Hindustan Zinc Ltd
  • Best Metals Stocks NSE
    • Hindustan Zinc
    • Adani Enterprises Ltd
    • Tata Steel Ltd.


Why Metal Stocks are Falling?

This is due to the increase in export duty; steel companies are getting lesser global demands and are compelled to sell their products at a considerably lower price domestically, which has a negative impact on their stock prices.

Leave a Reply

Your email address will not be published.

All Topics
Kick start your Trading and Investment Journey Today!
Related Posts