Metal Sector Outlook: Weak set of earnings in Q3FY23, especially from global operations Says Antu Thomas, Geojit Financial Services
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Below is Quote On Metal sector outlook By Antu Thomas, Research analyst at Geojit Financial Services.
Weak set of earnings in Q3FY23, especially from global operations, due to the fear of economic recession dampened the investors sentiment. The Nifty metals index has fallen 15.5% year to date. while the re-opening of the Chinese market provided some respite in between. However, a modest economic growth outlook of 5% for 2023 from China due to sluggish demand and weak consumer spending further impacted the performance.
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