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Carnage in metal universe, index down over 7%
Published on Thu, Jul 03, 2008 at 12:04 , Updated at Thu, Jul 03, 2008 at 13:02
Source : moneycontrol.com
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Metal universe was butchered in today’s trade. It was under serious pressure from opening of trade and was down 7.83% at 12201 levels. The carnage was lead by front-runner stocks, which included both ferrous and non-ferrous stocks. JSW Steel was worst hit and was down over 11%, followed by big boys like Jindal Steel, Tata Steel that were down over 10% and 9% respectively. Other heavy weight stocks like Sterlite industries, SAIL, Sesa Goa, were down mre than 7%. F&O favorite and liquid stock Ispat Industries was down more than 5% almost down to Rs 20 level.
Script Name Previous Close CMP % Chg at 11:40 JSW Steel 799.40 706.00 -11.68 Jindal Steel 1849.00 1657.70 -10.35 Tata Steel 741.20 671.00 -9.47 Sterlite Ind 715.25 656.10 -8.27 SAIL 141.90 130.30 -8.17 Sesa Goa 3240.85 3010.00 -7.12 Jindal Saw 481.50 453.95 -5.72 Ispat Industries 21.25 20.05 -5.65 Gujarat NRE Coke 124.75 117.75 -5.61 Shree Precoated 104.70 99.40 -5.06 Hind Zinc 497.50 475.00 -4.52 Maharahstra Seamless 285.15 273.00 -4.26 NALCO 349.45 335.40 -4.02 Hindalco Ind 142.30 138.20 -2.88 Welspun Gujarat 302.15 294.00 -2.70 Bhushan Steel 784.05 765.00 -2.43 Jindal Stainless Steel 121.65 120.00 -1.36
Despite of non-ferrous prices on higher side and steel prices has gone up stocks are showing contrarian moves. Metal index has lost more than 40% from its 52 week high which it made in January. |
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