3 metal stocks to watch out for today!

3 metal stocks to watch out for today!

Indian Market
by 5paisa Research Team Last Updated: 2022-10-28T17:56:12+05:30

The Indian market opened on a positive note, whereas the Asian counterparts were trading red.

The BSE Sensex was trading at 59,988.04, up by over 231 points or 0.39% at 10:54 am. Meanwhile, Nifty50 was trading at 17,792.35, higher by 55.40 points or 0.31%. Hero MotoCorp and Maruti Suzi were stocks that led the Nifty surge. Maruti Suzuki will be announcing its quarterly results today. Meanwhile, Sun Pharma was the biggest laggard.

Keep a close eye on these trending metal stocks on Friday, 28 October 2022:

Coal India: The shares of Coal India reached a new 52-week high at Rs 247.85 per share on Friday, 28 October. The company also saw a block deal two days prior by Ishares Core MSCI Emerging Markets ETF of 12,71,118 shares at a price of Rs 240.50 per share. The shares of Coal India have appreciated by more than 58% on a YTD basis. The company also delivered a stellar return in the first quarter of FY23 of Rs 160.98 crore.

JSW Steel: JSW Steel USA, a subsidiary of JSW Steel has tied up for long-term financing with two Italian banking institutions. This loan is for its Plate Mill modernisation project in Baytown, Texas. JSW Steel USA Inc also has purchased supplies from three Italian engineering companies called Danieli, Tenova and Sideridraulic for improving the efficiency and productivity of its steelworks in Baytown. 

APL Apollo Tubes: The company have witnessed a block deal of 2,47,526 shares at a price of Rs 1099.65 per share from ISHARES MSCI INDIA SMALL-CAP ETF and ISHARES CORE MSCI EMERGING MARKETS ETF. The shares of APL Apollo Tubes soared by 0.53% in the early morning trade on 28 October. The APL Apollo shares have delivered more than 33% returns on a YTD basis.

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