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Tuesday, September 27, 2022

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Metal Stocks Fall As Analysts See Margin Pressure In Q1

The Nifty Metal Index is among the top laggards as analysts expect margins to narrow on high raw material costs and exports revenue to decline due to export duty levy.Nine of the 15 constituents in the Nifty Metal Index fell in Friday’s session. Still, the analysts prefer Hindalco Industries Ltd., Tata Steel Ltd. and Jindal Steel & Power Ltd. in the sector.

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