sail shares

National Aluminum, SAIL shares surge up to 4% on PBoC’s 50 bps RRR cut

by
National Aluminum, SAIL shares surge up to 4% on PBoC’s 50 bps RRR cut

Shares of metal companies like National Aluminium surged 4.7% to its fresh 52-week high of Rs 21.40 while those of SAIL rallied 3.5% to day’s high of Rs 144.20 on the BSE as People’s Bank of China (PCoB) announced that it would cut the amount of cash that banks must hold as reserves (reserve requirement … Read more

metal stocks: Hindalco, Tata Steel and other metal stocks rally up to 4%. Here’s why

by
metal stocks: Hindalco, Tata Steel and other metal stocks rally up to 4%. Here’s why

Shares of metal companies like Vedanta, National Aluminium (NALCO) and Tata Steel among others continued their rally for the second consecutive session today, rising up to 4% as China’s central bank announced broad monetary stimulus and property market support measures to revive the economy. Shares of NALCO surged by 4.2 % to day’s high of … Read more