Limited supplies and high demand may continue to boost metal stocks

Driven by higher metal prices, the past 12 months have been one of the best for investors in metals & mining stocks. The BSE metal & mining index is up 144 per cent since the end of March 2020. The index closed on Monday at 13,960, against 5,713 at the end of March last year. This is the highest level for the index in nearly three years. The rally has been driven by better-than-expected earnings growth, The combined net profit of the country’s leading ferrous and non-ferrous metal firms jumped over seven times in Q3FY21 as they benefitted from a surge in the prices of their produce.....

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