3 metal stocks to watch out for today!

5paisa Research Team

Last Updated: 12th December 2022 - 03:40 am

The Sensex slipped 395 points, with Nifty below the 18,700 level as auto stocks decline.

Due to sluggish global market patterns, the Indian equity markets on Friday ended an eight-day winning streak. The major markets, the Sensex and Nifty, both decreased around 0.80% today.

The BSE Sensex was down 392.29 points or 0.89% at 62,886.72 levels at around 11:15 AM, and the Nifty was down 114 points or 0.86% at 18,699.55. On the other hand, the Nifty midcap and smallcap each increased by between 0.54% and 0.45%, showing that the broader markets are outperforming the benchmarks.

Keep a close eye on these trending metal stocks on Friday, December 02 2022:

APL Apollo Tubes: The shares of APL apollo tubes reached a new 52-week high after gaining by nearly 3% in today’s trading session. APL Apollo is part of the S&P Dow Jones Sustainability Index (DJSI) for the Emerging Markets for 2022, APL Apollo Tubes Ltd. is happy to announce that it stands at the 80th percentile in industry rankings on ESG in S&P Global Corporate Sustainability Assessment, up from 56th percentile in 2021.

Coal India: Coal India Limited (CIL) has breached the 400 million tonnes (MTs) production mark in the quickest time ever, since the inception of the company, on 24 November of the ongoing fiscal. This represents a y-o-y growth of 17%. CIL as of the same date last year produced 342 MTs.

Vedanta: India’s Cairn Oil & Gas, a unit of Vedanta Ltd., will spend as much as $4 billion over the next three years to more than triple its production, as high prices make investments attractive. The shares of Vedanta surged by 1.22% today and are trading at a level of Rs 314.05 per share.

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