Top 10 metal stocks to buy in India [2021]

We present you with India’s best 10 metal stocks to buy

The best metal stocks departments are JSW Steel, Tata Steel, JSPL, SAIL, Tata Steel (PP), APL Apollo Tube, Ratnamani Metal, Mishra Dhatu Nigam Ltd, Tata Steel BSL, and Welspun Corp. The metal-ferrous sector in India has gone through massive development in terms of production, consumption, and exports.

1. JSW Steel

This company was started in 1982 and is one of the fastest developing companies. It is headquartered in Mumbai. JSW operates in more than 140 countries and is India’s second-largest private steel company. Their 52weeks low is 132.50 and 52weeks high is 296.75. The company’s total market capitalization is Rs 68,951.21 crores. It shares a dividend of 0.70% with the shareholders.

2. Tata Steel

This company is one of the best ferrous stocks to buy in India. This is a multinational steel-producing company that is based in Jamshedpur along with headquarters in Kolkata. Tata Steel’s net worth is Rs 48,850.50 crores. This company has a presence in 256 countries of the world in which it has performed magic in the stock market with its 52weeks low of 250.85 and 52weeks high of 506.00. It receives a fair dividend of 2.48% from the company.

3. JSPL (Jindal Steel and Power Limited)

This company is based in Hisar. JSPL controls the majority of the Metal sector of the country. It has a total capitalization of about Rs 20,492.12 crores. This Indian steel and energy company is growing aggressively every year. The company controls 16 major subsidiaries and has proved itself as a profitable company for quite some time. Their 52weeks lowest record is at 62.00 and the highest is at 238.75. It shares a 0.00% dividend with the investors.

4. SAIL (Steel Authority of India Ltd)

This company’s net worth is Rs 15,882.30 crores. SAIL is an A-lister in the Metal sector. The company is based in New Delhi. Their 52weeks low and high is 20.15 and 51.90 respectively. Steel Authority of India gives a 0.00% dividend to the shareholders.

5. Tata Steel (PP)

This company is backed by the huge Tata conglomerate and therefore has a market capitalization of approx Rs 7,194.66 crores in the stock market. Tata Steel (PP) has witnessed a 52weeks low of 52.40 but bounced back by managing the 52weeks high of 60.50. It shares a 1.30% dividend with the shareholders.

6. APL Apollo Tube

This company is operating in the steel tubes and pipe manufacturing industry for more than 30 years but APL Apollo is one of the biggest manufacturers of steel products in the country. Its total market capitalization is Rs 6,018.18 crores. APL Apollo Tube is headquartered in Dehli NCR. The company commands over 11 manufacturing plants in India. though, the performance of the company can be seen through its 52weeks of low and high ratio with the lowest and highest being 1,030.00 and 2,500.00 respectively. it shares a 0.00% dividend with investors.

7. Ratnamani Metal

This company was founded in September 1983. It has established itself as one of the largest metal manufacturing companies in the country.  The Ratnamani Metal 52weeks lowest is 719.10 and the 52weeks high is 1,390.00. The company has a presence in more than 35 countries and caters to sectors like Oil and Gas, Petrochemicals, Power plants, etc. Their net worth is Rs 5,366.71 crores and shares a 1.04% dividend with the shareholders.

8. Mishra Dhatu Nigam Ltd

This public sector is administered by the Government of India and is headquartered in Hyderabad. The company has a market capitalization of Rs 5,366.71 crores. This company receives a 1.04% dividend from a huge number of investors. Their 52weeks low is 719.10 and 52weeks high is 1,390.00 in the market.

9. Tata Steel BSL Ltd

This company is headquartered is in New Delhi. The company is the biggest manufacturer of auto-grade steel in the country. Their market capitalization is Rs 2,569.58 crores. Tata Steel BSL’s 52weeks low is 15.10 and 52weeks high is 32.55. It shares a 0.00% dividend with the shareholders.

10. Welspun Corp Ltd

This company is headquartered in Mumbai. It is one of the best metal stocks to buy. Welspun Corp Ltd’s market capitalization is Rs 2,552.75 crores. The company’s 52weeks low was recorded at 55.00 and 52weeks high was recorded at 233.95 which tells us its extreme performance in the market. It shares a 1.71% from the company.

 

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