Business

metals and mining stocks: FPIs increase bets on metals and mining stocks amid commodity price rise

FPI has remained a net buyer in the sector for the past four months with an average cash flow of $198 million (Rs 1,480 crore) every two weeks.

Summary

Supported by higher commodity prices, the Nifty Metal index has outperformed the benchmark Nifty 50 by 17% since early 2022. The metal index trades at a price-earnings (P/E) multiple. is 6.9 compared to P/ of Nifty 50 E of 22.

ET Intelligence Group: Foreign portfolio investors (FPI) continue to be bullish on domestic metals and mining stocks amid favorable commodity cycles even as they have been net sellers on Indian stock market. According to NSDL data, they have deployed $1.4 billion (Rs 10,260) in the sector so far in 2022 while raking in a record $14 billion (Rs 1.1 lakh) from Indian stocks. Degree. FPI continues to be a net buyer in this sector

  • ARTICLE GIFT
  • ONLY
  • ASSIST
  • PRINT
  • COMMENT

Why ?

  • Exclusive Economic Times stories, editorials & expert opinions over 20 fields

  • Stock analysis. Market research. Industry Trends over 4000 shares

  • Clean experience with
    Minimal Ads

  • Reviews & Interactions with the ET Prime community

  • Exclusive invitation to Virtual events with industry leaders

  • A reliable team of Journalist & Analyst who can best filter the signal from noise

Source link

news5h

News5h: Update the world's latest breaking news online of the day, breaking news, politics, society today, international mainstream news .Updated news 24/7: Entertainment, Sports...at the World everyday world. Hot news, images, video clips that are updated quickly and reliably

Related Articles

Back to top button