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Will the rally in base metal stocks sustain?

Aluminium, copper and zinc prices are at a multi-year high, on increasing demand and tighter supplies

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Published 4 years ago on Aug 31, 2017 1 minute Read

Sanjay Jain, senior vice president, Motilal Oswal Securities

With aluminium, copper and zinc hitting multi-year highs on LME, Indian base metals stocks are likely to outperform riding on strong earnings growth this year. Apart from rising prices the companies in the Indian base metals space have a strong balance sheet and are generating good free cash flows. They will continue to generate strong free cash flows even if the base metal prices correct

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