For logical risk-takers and tactical investors: 5 metal stocks with an upside potential of up to 35%
In October, the big dip in the Indian market was triggered by a single factor – China. The country, to revive its economy, was set to come out with a stimulus package. And as valuations in China were cheaper than in India, FII money was being redirected there. The sharp rise in the Chinese stock market gave credence to this narrative. Now, because China is a metal guzzler, all metal stocks performed very well in that phase, even as most other sectors saw sharp cuts. But when the Chinese stimulus package turned out to be underwhelming, the metal stocks plunged. The question now is: Was the initial China stimulus a trial balloon floated ahead of the US elections? Will the real one come once the new US president is done with his tariff tantrums?