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Business Standard
14-05-2025
- Business
- Business Standard
Nifty Metal index up 3% on 'lag effect' say analysts; Tata Steel climbs 5%
Metal stocks glittered in trade and gained up to 5 per cent on Wednesday, May 14, 2025. The Nifty Metal index, which tracks the performance of the metal and mining sector in India, rose 2.8 per cent, registering the day's high at 9,085.05. At 10:09 AM, all 15 constituents on the Nifty Metal traded positive. Among others, Tata Steel stock was the top gainer rising over 4 per cent, followed by Lloyds Metal and Energy gained 4.16 per cent, National Aluminium Company rose 4.14 per cent. Jindal Stainless and Steel Authority of India (SAIl) was up over 3 per cent. NMDC, Hindalco, Vedanta, Jindal Steel, and Power were up over 2 per cent. Why are investors buying metal stocks? According to analysts, metal stocks are rising amid easing trade tensions between the US and China. "Metal index is on its upward trajectory as geopolitical tensions have been de-escalating and also, the trade negotiations between US and China are going in a very positive direction," said Kranti Bathini, Director - equity strategy, WealthMills Securities. He added: Nifty Metal was in a consolidation phase recently. Echoing a similar view, independent market expert Ambareesh Baliga said that fear of dumping metal stocks is out as trade war worries are softening. Additionally, according to reports, financial institutions are rethinking their China calls after a trade truce and have lifted China's growth outlook which has also boosted sentiments. ALSO READ | Why are metal stocks volatile since the US-China trade deal on Monday? The US and China reached a temporary 90-day truce on tariffs earlier this week. Under the deal, the US will reduce recent tariffs on Chinese imports from 145 per cent to 30 per cent, while China will lower its duties on US goods from 125 per cent to 10 per cent. On Monday, Nifty Metal gained over 5 per cent on the back of US-China trade deal development. However, it slipped nearly 1 per cent on Tuesday. The rise in metal stocks today is due to a 'lag effect', according to Bathini. A 'lag effect' in the stock market refers to a delay between a cause and its observable impact on stock prices. This can happen as traders and investors may have some other better bet than a specific sector. ALSO READ | US-China trade tariff details Since returning to the White House in January, US President Donald Trump launched a flurry of aggressive trade measures that jolted financial markets and ratcheted up recession fears. The duties, which are designed to narrow the US trade deficit, hit China particularly hard. Trump had imposed tariffs of up to 145 per cent on Chinese imports, prompting Beijing to respond with retaliatory curbs of its own, including restrictions on some rare earth elements.
Business Standard
28-04-2025
- Business
- Business Standard
Lloyd Metals drops after Q4 PAT slips 27% YoY to Rs 202 cr
Lloyds Metal and Energy slumped 4.77% to Rs 1,220.80 after the company's consolidated net profit fell 27.1% to Rs 201.88 crore on 23.49% decline in revenue from operations to Rs 1,182.66 crore in Q4 FY25 over Q4 FY24. Profit before tax (PBT) dropped 45.35% to Rs 244.62 crore in Q4 Fy25 as compared with Rs 447.63 core in Q4 FY24. Revenue from Iron Ore fell 20.71% to Rs 996.1 crore in Q4 FY25 as compared with Rs 1256.2 crore in Q4 FY24. Sales of iron ore fell 16.16% YoY to 1.66 million metric tonnes (mmt), lower volumes also led to lower absorption of fixed costs, which made our EBITDA margins a bit subdued. On QoQ basis, despite the Realisations remaining flat, EBITDA margins were a bit subdued. The company has complied with requirements and is awaiting a formal response from the MoEF for the enhancement of its mining capacity from 10 mnt to 55 mnt (incl BHQ). Earlier, the company was expecting the EC clearance in Q4FY25, which is now expected to be received in Q1FY26. Revenue from DRI & Power fell 3.08% YoY to Rs 2,203 crore in Q4 FY25. Pellet trading reported net loss of Rs 2.82 crore in Q4 FY25 as against net profit of Rs 78.9 crore in Q4 FY24. On full year basis, the companys net profit jumped 16.65% to Rs 1449.93 crore in FY25 as compared with Rs 1242.93 crore in FY24. Revenue increased 2.24% to Rs 6,626.31 crore in FY25 as compared with Rs 6,481.01 crore in FY24. Meanwhile, the companys board approved a final dividend of Re 1 per share of the Face Value of Rs. 1/- each for the Financial Year ended 31st March, 2025, subject to approval of the Members of the Company at the ensuing Annual General Meeting (AGM) of the Company. Further, the companys board approved raising of funds through issuance of equity shares / bonds / debentures / convertible warrants / preference shares / any other equity linked securities through permissible modes, including but not limited to a private placement, a qualified institutions placement, preferential issue, or any other method or combination of methods for an aggregate amount upto Rs 5,000 crore. Lloyds Metals and Energy (LMEL) is the leading player in the Iron and Steel making industry.
