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ICICI Securities: Metals Sector - Spectacular Rally Worsens Risk Reward

The metals sector has rallied since pandemic-induced correction, gaining 60-200% in a span of four months, ICICI Securities says.

A worker works while sparks fly as molten steel is poured from a ladle at an arc furnace in the steel melting shop of the Jindal Steel & Power Ltd. plant in Raigarh, Chhattisgargh. (Photographer: Udit Kulshrestha/Bloomberg)
A worker works while sparks fly as molten steel is poured from a ladle at an arc furnace in the steel melting shop of the Jindal Steel & Power Ltd. plant in Raigarh, Chhattisgargh. (Photographer: Udit Kulshrestha/Bloomberg)
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