Metal Stocks Rally Hard: Is There More Upside Ahead? Devarsh Vakil Explains

Metal stocks have been among the strongest performers on Dalal Street, but is the rally running out of steam? HDFC Securities' Devarsh Vakil believes there is still room for growth. He points out that metal companies have delivered earnings far ahead of Street expectations, with aggregate profits growing over 50% year-on-year. Strong domestic demand, continued government infrastructure spending, and robust manufacturing activity are acting as major tailwinds for the sector. With input cost pressures easing and operating margins expected to improve further, the outlook remains constructive. Higher capacity utilization and healthy demand trends could keep the momentum alive for metal stocks. Watch this exclusive analysis to understand why experts continue to remain invested in the metal space despite the sharp rally.