On the metal & mining stocks, results envisaged for next 12 to 24 months to a large extent has already been priced in. But the commodity super cycles last for longer than 5 years & still good 3 years are left at the least in this cycle. This segment has the maximum weightage in my portfolio with only 3 stocks Coal India, NMDC & Hindustan Zinc, built last 9-12 months and is already more than 2x.
I don’t fancy any strong moves in next 12 months, rather will be looking to add more in other mining on a 20-30 % correction from current levels, if an opportunity strikes.
I rank NALCO above Hindalco and will be equal weight with Hind Copper. Hind Copper, NALCO & GMDC will be in my buy list on sharp corrections.
Not holding any position in other segments, hence no comments.
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