Metal stocks witnessed strong buying momentum on Monday, with the Nifty Metal index surging to an new all-time high on the exchanges. The rally was driven by expectations of robust earnings and an improving outlook for the sector.
The Nifty Metal index surpassed its previous peak, recorded on 29th October 2025. Hindustan Copper led the charge, surging to an intraday high on the bourses on heavy trading volumes. The stock has gained heavily over the past three sessions and was trading in large numbers. Other metal stocks also saw buying interest, with SAIL, Vedanta, Tata Steel, Hindustan Zinc, Jindal Steel, Lloyds Metals, and Hindalco jumping out as investor favourites, reflecting broad-based strength across the sector.
Brokerages have collectively given “Buy” ratings on Vedanta, highlighting strong commodity prices—especially in non-ferrous metals like aluminum and zinc—and the potential upside from its ongoing demerger process. Tata Steel’s capacity expansion and downstream integration are seen as key growth drivers. Analysts cautioned that Tata Steel’s high capital expenditure could temporarily strain the balance sheet, but the long-term fundamentals of both companies remain strong, reinforcing metals as a favored sector for investors in the current market environment.
