Amid the valuation concerns in Indian metal stocks and challenges of global uncertainties, the analyst also expresses optimism for Vedanta.

Aditya Welekar, AVP, Axis Securities, says non-ferrous metals, especially aluminum, show strong potential due to their roles in electric vehicles and renewable energy.

Shares of metal stocks such as Tata Steel, Hindalco, Vedanta and Nalco saw gains on Monday as the Nifty Metal index rebounded after six consecutive sessions of declines.