BSE Metal share price target and research reports

Latest analyst research reports with target prices and PDF download for BSEMETAL, BSE:1124 BSE Metal

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BSE Metal

02 Jun 2017

29251.52

0.01%

In Ferrous space except China HR Sheet, which rose mildly by 3.5% MoM to US$528/tn, all...

BSE Metal

Emkay

In Ferrous space except China HR Sheet, which rose mildly by 3.5% MoM to US$528/tn, all other metals registered sharp correction. Iron ore both 62% and 58% fell by 19% and 12% MoM while coking coal fell by 39% MoM. Steel CIS fell by 2% to US$435/tn. Fall in coking coal price was exactly as we expected post subsiding of cyclone Debbie in Australia. Correction in steel price was driven by falling raw material prices and increasing supply glut. China PMI after falling from 51.8 to 51.2 in April, remain at same level in May. Non-ferrous space also registered flat to negative growth except for silver (+2.6% MoM) and Gold (+0.7% MoM). Zinc and Lead fell by 4% and 9% MoM while copper dropped by...

BSE Metal is trading below its 30 day SMA of 29694.9

Is BSE Metal worth buying?

65 Votes:

Buy 78.46%

Sell 12.31%

Hold 9.23%