Sharekhan has maintained a Hold recommendation for Ratnamani Metals & Tubes Limited (RMTL) with a price target of Rs 3,950, reflecting limited upside due to rich valuations.

NALCO share price surged by 9 percent in early trading session as China announced policy tightening.

National Aluminium share price surged by 4 percent in today's trading session as metal counters were in high demand.

Hindustan Zinc stock touched 52-week high after brokerage and financial services major Citi retained BUY rating for the stock.

Public sector major National Aluminium Co Ltd seeks 15 per cent import duty on Aluminum coming from China in order to save the interest of domestic industry, facing tough situation under the impact of global slowdown and recession like conditions across the world. Government has also expressed concerns over increase in aluminium import in recent times from China.

NALCO's chairman, C. R. Pradhan, said, "They may fix it at 10 percent, 15 percent or they may fix it higher. A 10-15 percent duty at present scenario will protect the prices
(from falling)."