Global market ki tension aur commodity prices mein hui zabardast giraawat ne aaj Indian metal stocks ko patakh diya. February 1, 2026 ko Vedanta, Hindustan Zinc, Hindustan Copper, aur NALCO jaise bade players ko kaafi nuksaan hua aur Nifty Metal index bhi lagaataar neeche jaa raha tha. Investors ab bahut cautious ho gaye the aur zyadaatar cyclical assets se paise nikaal rahe the.
Commodity Crash ne kiya Sabko Pareshan
Is sector ki giraawat ka sabse bada reason tha global commodity prices mein hui badi gadbad. Silver toh MCX par 27% tak gir gaya, aur international market mein bhi 28% tak neeche aaya. Gold bhi kareeb 12% gir gaya, jabki copper 8% aur aluminium 4% neeche aaye. US dollar ke strong hone se pressure aur bhi badh gaya tha.
Stocks Par Seedha Asar
Is sabka asar seedha stocks par dikha:
- Vedanta ke shares 10% tak gir kar ₹614.45 ke aas paas band hue.
- Hindustan Zinc toh 10% ke lower circuit par pahunch gaya, ₹566 par trade ho raha tha, haalaanki unhone Q3 mein records todh revenue aur profit dikhaya tha.
- Hindustan Copper toh aur bhi zyada gira, 13% se lekar 19.21% tak ka nuksaan dekha gaya, low ₹554.65 tak gaya.
- NALCO bhi pressure mein tha, kareeb 10% gir kar ₹346.25 par aa gaya.
Valuation Aur Budget Ka Game
Feb 2026 tak Vedanta ka P/E 16.4x aur market cap ₹2.59 lakh crore tha. Hindustan Zinc ka P/E 20.8x aur market cap ₹2.43 lakh crore tha. Hindustan Copper ka P/E kaafi high, 115.9x, market cap ₹58,452 crore. NALCO ka P/E 11.4x aur market cap ₹65,696 crore tha.
Aur toh aur, Union Budget 2026-27 aane wala tha, jiski wajah se investors darr rahe the. Customs duties, import policies, aur mining reforms ko lekar uncertainty thi. Kuch analysts ka kehna hai ki 'Make in India' focus se Hindustan Copper aur Hindustan Zinc ko fayda ho sakta hai, jabki Nalco aur Vedanta ke liye aluminium products aur coking coal par duties ka asar ho sakta hai. Sarkar silver, copper, aur zinc ke domestic production ko promote karne ke liye incentives bhi laa sakti hai.
Aaj itni badi girawat ke baad bhi kuch analysts Vedanta ke liye positive hain, target price dikha rahe hain. Waise toh Hindustan Copper ne pichle ek saal mein 160% se zyada returns diye the, toh aaj ki giraawat kaafi badi lag rahi hai.