Metal & mining stocks big laggard on bourses over the long term

Metal and mining stocks have been star performers on the bourses so far in calendar year 2021 (CY21). The S&P BSE Metal index, which tracks the market capitalisation of the sector’s top 10 firms, has risen 39 per cent since January, against a 2 per cent rise in the benchmark BSE Sensex. The industry’s superlative performance in the short-term, however, masks the fact that it has been a big laggard on the bourses over the long term. (See the adjoining charts) Since January 2005, the BSE Metal index has risen just 164 per cent, against a 645 per cent rise in the BSE Sense.....

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