If you are online investing in share market and have plans to invest for the long term, metal stocks are a good option to consider. Metal stocks include companies that are involved in mining, processing, as well as extraction of precious metals like silver, gold, platinum etc.
In this article, we will guide you to select the 5 best metal stocks that are fundamentally strong in the last 10 years and can help you make worthwhile investments.
Tata Steel
Tata Steel is a steel manufacturing company of Tata group and is based in India. It came into existence in 1907 and presently has an annual crude steel capacity of 34 million tonnes per annum (MTPA). The company is spread across five continents with more than 65,000 employees.
Tata Steel share price is currently trading near ₹109 in NSE as of Feb 2023. This is higher than the 52-week low of ₹82.70.
JSW Steel
JSW Steel Limited operates in the business of manufacturing and distribution of iron and steel products. The company has a manufacturing unit in Vijaynagar of Karnataka which is the largest single-location steel-producing facility in India. It contains 12 MTPA as total capacity.
JSW Steel share price is currently trading near ₹720 as of February this year. This is very close to the 52-week high of ₹790.
Steel Authority of India Ltd (SAIL)
SAIL is one of the top steel-making companies in India. The company was founded on 24th Jan 1973 and is a leading public sector enterprise in India. It is involved in the manufacturing of a variety of steel products like TMT, electrical steel, pipes, pig iron, rods, plates etc.
SAIL share price is currently trading ₹80+, while its 52-week high is at ₹112.35, making it a correlatively better investment stock.
Hindalco Industries
Hindalco Industries is mainly involved in the production and distribution of aluminium with the help of its various brands like Novelis, Suvas Holdings Ltd, Hindalco Almex Aluminium Ltd etc. It also has a subsidiary which is involved in the manufacture and sale of copper products.
Hindalco Steel share price is currently trading near ₹430 in NSE in Feb this year. This is quite higher than the 52-week low of ₹308.95.
Jindal Steel & Power
Jindal Steel and Power is mainly involved in steel, mining, power and infrastructure. The company is based in New Delhi and is a part of OP Jindal Group. Naveen Jindal is the present chairman of the company.
The company currently has 8 facilities in India. Jindal Steel share price is currently trading near ₹580+ as of Feb 2023. This is quite closer to its 52-week high of ₹622.75.
Conclusion
By reading this article, we hope you now know about the best 5 metal stocks that have been fundamentally strong in the last 10 years. Investing in metal stocks is a good way to diversify your portfolio. The key lies in selecting the metal stock as per your investment goal and starting investing.
