“Dipan Mehta strikes a cautious tone on the metals sector after its prolonged rally, stating he is not keen on fresh entries at current levels. He views it as a cyclical industry where the cycle will eventually turn, and he does not foresee the recent outperformance continuing in the near term.”
Dipan Mehta’s track record: 12 graded calls · 95% CI 25–75%
Nifty MetalNeutralCalled 26 Feb 2026Graded 19 Jul 2026
Nifty Metal declined from ₹12240.65 to ₹11412.75, a drop of 6.76%, which is consistent with a cautious/neutral stance and not foreseeing continued outperformance.
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