Is the Metals Rally Drawing to a Close? 6 Large-Caps that Mutual Funds Sold in May

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Is the Metals Rally Drawing to a Close? 6 Large-Caps that Mutual Funds Sold in May
Credit: © Reuters.

By Aditya Raghunath

Investing.com -- A report by ICICI Direct showed the large-cap stocks that mutual funds sold in May. Two out of the top five stocks were metal stocks that have given solid returns in the last six months. Is the metals rally coming to a close?

Copper prices in global markets have started to cool down after reports emerged that China, which consumes half the world’s refined copper , might stockpile to bring down prices. It looks like the down sentiment might extend to other metal stocks as well. Here are the top five large-cap stocks that were sold in May by mutual funds:

  1. Hindustan Zinc Ltd. (NS: HZNC )

Share price on May 31, 2021: Rs 327

Share price on June 16, 2021: Rs 334.2

Percentage difference: Up 2.2%

  1. Britannia Industries Ltd (NS: BRIT )

Share price on May 31, 2021: Rs 3,447.85

Share price on June 16, 2021: Rs 3,639.45

Percentage difference: Up 5.5%

  1. Colgate-Palmolive (India) Ltd. (NS: COLG )

Share price on May 31, 2021: Rs 1,720.45

Share price on June 16, 2021: Rs 1,713

Percentage difference: Down 0.43%

  1. Tata Steel Ltd (NS: TISC )

Share price on May 31, 2021: Rs 1,125.65

Share price on June 16, 2021: Rs 1,142.15

Percentage difference: Up 1.46%

  1. Godrej Consumer Products Ltd. (NS: GOCP )

Share price on May 31, 2021: Rs 856.55

Share price on June 16, 2021: Rs 917.3

Percentage difference: Up 7%

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  • riddhi patel @riddhi patel
    what about jsw steel
    Like 0
  • Rajendra Bhaia @Rajendra Bhaia
    Technically may go down along with news but will go much much higher as only three big manufacturer in India
    Like 1
  • mahesh lahoti @mahesh lahoti
    Buy as much as possible Hurry up guys
    Like 0
  • mahesh lahoti @mahesh lahoti
    Copper gonna touch 800 in a week
    Like 2
  • Rajesh Modi @Rajesh Modi
    What did they buy after selling these stocks
    Like 0
  • Ajay Uppal @Ajay Uppal
    Stock Market correction is overdue. Basis hints from Fed, across board sell expected sooner than later.
    Like 3

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