Best Metal Stocks to Buy in 2023

Published : 28 Mar 2023

In 2023, top metal stocks in India are anticipated to grow significantly. This is because of the increased demand and government initiatives for metal stocks. The performance of top metal stocks in India and the metal sector is examined in this article. 

EPS

27

One of India's largest and most prestigious business conglomerates, the Tata Group, is the parent company of Tata Steel Ltd., a leading steel manufacturer in the country. The business was established in 1907, headquartered in Mumbai, and has activities in Southeast Asia, Europe, and India. 

P/E Ratio

7.5

1.1

Price to Book Ratio

Current Market Price

₹102.5

125,325

Market Cap Cr

EPS

24.2

Hindalco Industries Ltd is an affiliate of the Aditya Birla Group and a multinational firm based in India. The Company's main business is the manufacture of copper and aluminum products. Its copper products include cathodes, rods, and cakes, while its aluminum products comprise extrusions, sheets, coils, foil, and wire rods.

P/E Ratio

7.7

1.1

Price to Book Ratio

Current Market Price

₹392.9

88,292

Market Cap Cr

EPS

71.3

The JSW Group includes the Indian steel firm JSW Steel Ltd. Steel and associated products, such as hot-rolled coils, plates, cold-rolled coils, galvanized good metal stock, and color-coated goods, which are produced and distributed by the business. It is also active in the mining and energy industries.

P/E Ratio

43

2.9

Price to Book Ratio

Current Market Price

₹660.00

159,537

Market Cap Cr

EPS

46.8

A diversified natural resources corporation with oil and gas, power, and mining operations, Vedanta Ltd. is based in India. The Company is well-represented throughout the Middle East, Australia, Africa, and India.

P/E Ratio

7

1.2

Price to Book Ratio

Current Market Price

₹274.25

101,944

Market Cap Cr

EPS

18.2

An Indian state-owned coal mining corporation called Coal India Ltd. With activities spread over eight Indian states, it is one of the biggest producers of coal in the entire globe. Coking coal, non-coking coal, and coal bed methane are among the several coal products that the company produces.

P/E Ratio

4.4

2.9

Price to Book Ratio

Current Market Price

₹208.9

128,739

Market Cap Cr