The metal sector is emerging at a rapid pace every year, offering investors choices to choose the Metal Stocks to purchase. Hence in this article, we will talk about the best metal shares to purchase in the Indian market. Let us have a look at the Metal Stocks India news.
Investors are revisiting the demand and supply scenarios in the industrial commodities as the prices have attained across the metal industry. The prices of Iron ore have dropped to the lowest level this year along with a fall in other steel contracts. But this is a small proportion of the metal market, other than this the metal space has experienced a huge gain and is thought to be the ideal time to invest in this space. So without any delay let us have a look at the best metal stocks to buy in India in 2021.
Top 6 Metal Stocks To Buy In The Indian Market
To start with the best Metal Stock to purchase, it is important to know the top players in this sector. As per the ranks, the best company in this sector is JSW Steel, Tata Steel, JSPL Steel, SAIL, Tata Steel (PP), APL Apollo Tube, and Mishra Dhatu Nigam Ltd. These are also the NIFTY Metal Stocks list.
These entities control the majority of the market shares. Going by the present performance, the Metal industry has undergone huge development in terms of consumption, product, and exports. This industry has a significant contribution to the country’s GDP and has taken India among the top competitors with other iron producing countries. Here we will also discuss the Metal Stock share prices. So before investing here are details about the top Metal Stocks in India.
1. JSW Steel- Best Metals Shares To Buy In India
This company has received the top position in this list of best Metal stocks in India. This is a subsidiary of JSW Group and it was started in 1982 and since then it has been one of the fastest developing companies in the metal industry.
The stocks of this company is included among the most profitable shares as the entity ditched its 52weeks low of 132.50 and reached a 52weeks high of 296.75. The total market cap of JSW Steel is nearly Rs 68951 crores and it shares a 0.70% dividend with its shareholders.
2. Tata Steel – Top Metals Stocks To Buy In India
This is the second best Metal Stock to consider after JSW. This is also a subsidiary of the Tata Group. This company is also ranked at the top among the most famous and popular steel producing companies in India. This is a multinational company that began in Jamshedpur and now has its headquarters in Kolkata. The total worth of this company is nearly Rs 48580.50 crores.
Tata Steel has created magic in the industry as it has a presence in 26 countries all over the globe. In Tata Steel share price, it has altered its 52 week low of 250.85 into a 52 weeks high of 506.00.
The shareholder receives a good percentage of a dividend of 2.48%.
3. JSPL- Most Traded Metals Shares in India
JSPL or Jindal Steel and Power Limited hold the third position in this list. This is a subsidiary of Jindal Group conglomerate and it controls the majority of steel supply in this nation. This company is expanding to a great extent every year and has a total market cap of around Rs 20492.12 crores. Presently this company has control over 16 big subsidiaries and has proved itself as a profitable company for a long period of time.
As per market analysis, the 52weeks low and high ratios have shown good results with the 52 weeks lowest recorded at 62.00 and the highest at 238.75. The company does not share any dividends with its investors.
4. SAIL – Top 10 Metals Stocks To Buy
SAIL or the Steel Authority of India has seen a meteoric increase since its establishment, and that makes it special. It is among the top players because of its contribution to the Indian economy. The Indian state owned metal company is at the top of the metal industry with an approximate worth of Rs 15882.30 crores. But this company also does not offer any dividends to its shareholders.
5. Tata Steel (PP) – Best Metals Shares in India
Another subsidiary of the Tata group to secure the top 6 list is Tata Steel (PP). This company arrives with the backing of the massive tata conglomerate and therefore it has a net worth of Rs 7194.66 crores in the stock market. Thus the trust the shareholders have in this stock is legit looking at the amount of capitalization that has been invested. The company recently saw a 52 week low of 52.40 according to the market analysis but bounced back with a bang and managed to reach a 52 weeks high of 60.50. This company presently shares a dividend of 1.30% with its shareholders.
6. APL Apollo Tube- Top Metals Shares To Buy In India
The sixth and the final position in this list is acquired by APL Apollo Tubes Limited. This company has been functioning in the pipes and steel tubes manufacturing sector for more than 30 years now and it is among the largest manufacturers of steel in the country. Its total market cap is Rs 6018.18 crores and has over 11 manufacturing plants all over India. As per the performance, the company has been seen through its 52 weeks low and high ratio with the lowest and highest being 1030.00 and 2500.00 respectively.
Therefore these are the top 6 Metal Stocks to purchase in India at this time. These shares are highly overtaking other companies in the Metal industry and have provided great profits to its shareholders. Hence if you are wondering which Metal Stocks to buy you can easily consider this list.