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Stock of the day : Buy NMDC Ltd.For Target Rs.132 - Religare Broking Ltd NMDC Ltd * NMDC has been gradually inching higher from past more than a months, after breakout from a bullish reversal price pattern. * The stock rebounded higher finding support around its pivotal high, while holding above its short term moving average. * Set to cross the previous swing high and inch higher. Uptick in volumes is adding to confirmation. * We thus recommend creating fresh longs in the mentioned zone. Buy NMDC Ltd CMP 122.55; Range 121-123; SL 117; Targe...
Stock of the day : Buy NMDC Ltd.For Target Rs.132 - Religare Broking Ltd
Stock of the day : Buy NMDC Ltd.For Target Rs.132 - Religare Broking Ltd
Source: Religare Broking Ltd
29/08/2023 10:31:50 AM
Buy NMDC Ltd For Target Rs 141 - Yes Securities Ltd Result Synopsis NMDC’s Q1FY24 earnings were above the consensus estimates on the back of strong operational performance. NMDC reported its best ever Q1 performance in terms of production and sales in Q1FY24. With price volatility affecting much of the early months of the year, the company was able to sustain realizations which grew by Rs 187/t QoQ. The company’s EBITDA margins improved to 42% and the management seems confident that theses margins are sustainable. The company lo...
Buy NMDC Ltd For Target Rs 141 - Yes Securities Ltd
Buy NMDC Ltd For Target Rs 141 - Yes Securities Ltd
Source: Yes Securities Ltd
26/08/2023 11:48:12 AM
Buy NMDC Ltd For Target Rs 146 - Centrum Broking Ltd EBITDA in-line; robust volume growth visible NMDC reported in-line EBITDA of R20bn (CentrumE: Rs20.8bn), up ~5% YoY and EBITDA/t at Rs1,818 (CentrumE Rs1,865/t). The increase in EBITDA was primarily due to significant increase in sales volume up 41% YoY offsetting 20% decline in realisation/t. During the quarter, sales volume was higher than production and achieved highest ever Q1 volume. Management is confident of achieving 47-49mt production target for FY24 (vs 38mt in FY23) and expects ...
Buy NMDC Ltd For Target Rs 146 - Centrum Broking Ltd
Buy NMDC Ltd For Target Rs 146 - Centrum Broking Ltd
Source: Centrum Broking Ltd
22/08/2023 3:20:10 PM
Buy NMDC Ltd For Target Rs.137 By Yes Securities Ltd We initiate coverage on National Mining Development Corporation (“NMDC” or “the company”) with a bullish BUY rating based on the following factors: (1) Aggressive mine capacity expansion to meet the upcoming demand (2) Long-term benefits of steel plant demerger that would improve balance sheet quality and help shift focus to iron ore business (3) NMDC being the preferred iron ore supplier of the industry, and (4) Strong demand from domestic steel industry in coming yea...
Buy NMDC Ltd For Target Rs.137 By Yes Securities Ltd
Buy NMDC Ltd For Target Rs.137 By Yes Securities Ltd
Source: Yes Securities Ltd
20/07/2023 2:35:00 PM
NMDC Steel soars on commencing trial production of hot rolled coils from rolling mill NMDC Steel is currently trading at Rs. 44.14, up by 0.63 points or 1.45% from its previous closing of Rs. 43.51 on the BSE. The scrip opened at Rs. 44.69 and has touched a high and low of Rs. 44.69 and Rs. 43.50 respectively. So far 593252 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 46.48 on 07-Jun-2023 and a 52 week low of Rs. 29.05 on 20-Feb-2023. Last one week high and low of the scrip stood at Rs. 44.69...
NMDC Steel soars on commencing trial production of hot rolled coils from rolling mill
NMDC Steel soars on commencing trial production of hot rolled coils from rolling mill
Source: Accord Fintech
3/07/2023 2:04:29 PM
Hold NMDC Ltd For Target Rs.115 - ICICI Direct Steady operational performance..   About the stock: Incorporated in 1958, NMDC is India's largest merchant iron ore miner. • During FY23, NMDC’s iron ore production volume was at ~41 million tonne (MT) while sales volume for FY23 was at ~38 MT • NMDC is one of the lowest cost iron ore producers in the world   Q4FY23 Results: NMDC reported a steady operational performance for Q4FY23. • For Q4FY23, NMDC reported sales volumes of 12.4 milli...
Hold NMDC Ltd For Target Rs.115 - ICICI Direct
Hold NMDC Ltd For Target Rs.115 - ICICI Direct
Source: ICICI Direct
14/06/2023 12:49:47 PM
Add NMDC Ltd For Target Rs.118 - ICICI Securities Aiming for volume growth   NMDC’s Q4FY23 EBITDA was in line with our estimates, and 7% ahead of street estimates. Key highlights: 1) Best-ever production and sales volume; 2) Chhattisgarh segment comprised 68% of total sales volume (Q4FY22: 69%; Q3FY23: 70%); 3) EBITDA margin rebounded QoQ to 37%; 4) FY23 end net cash stands at Rs66.3bn; 5) exceptional income of Rs12.4bn in FY23 aided EPS to Rs18.9/share and 6) Board has recommended second interim dividend of Rs2.85/share, ta...
Add NMDC Ltd For Target Rs.118 - ICICI Securities
Add NMDC Ltd For Target Rs.118 - ICICI Securities
Source: ICICI Securities Ltd
9/06/2023 3:43:52 PM
Buy NMDC Ltd For Target Rs.135 By Motilal Oswal Financial Services Volume momentum to continue, temporary headwinds in pricing * Revenue stood at INR58.5b, down 13% YoY, but 12% above our estimate of INR52.4b. Blended ASP for the quarter stood at INR4,715/t, down 14% YoY and was INR395/t above our estimate of INR4,320/t. * EBITDA stood at INR21.6b (down 25% YoY), 33% above our estimate of INR16.3b. NMDC posted better performance, on the back of lower input cost, better realizations, and higher volumes. * APAT was down 29% YoY and stood at INR15.8b, ...
Buy NMDC Ltd For Target Rs.135 By Motilal Oswal Financial Services
Buy NMDC Ltd For Target Rs.135 By Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
26/05/2023 2:22:00 PM
NMDC inches up on reporting 22% rise in Q4 consolidated net profit NMDC is currently trading at Rs. 105.90, up by 0.10 points or 0.09% from its previous closing of Rs. 105.80 on the BSE. The scrip opened at Rs. 106.70 and has touched a high and low of Rs. 107.05 and Rs. 105.25 respectively. So far 439108 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 131.85 on 13-Jan-2023 and a 52 week low of Rs. 81.27 on 15-Jul-2022. Last one week high and low of the scrip stood at Rs. 107.05...
NMDC inches up on reporting 22% rise in Q4 consolidated net profit
NMDC inches up on reporting 22% rise in Q4 consolidated net profit
Source: Accord Fintech
24/05/2023 12:09:52 PM
India`s NMDC in talks with Australia`s Hancock for lithium mining Indian iron ore miner NMDC Ltd is in talks with Australia's Hancock Prospecting Pty Ltd for lithium exploration and mining, a source familiar with the matter told Reuters on Tuesday. Countries across the world are racing to secure lithium supplies for rechargeable batteries for future fleets of electric vehicles in the global transition to green energy. India, which found its first reserves of the mineral in February, has also been exploring ways to shore up supplies by acquiring ov...
India`s NMDC in talks with Australia`s Hancock for lithium mining
India`s NMDC in talks with Australia`s Hancock for lithium mining
Source: Reuters
2/05/2023 3:44:56 PM
NMDC jumps on the BSE NMDC is currently trading at Rs. 109.90, up by 1.30 points or 1.20% from its previous closing of Rs. 108.60 on the BSE. The scrip opened at Rs. 108.70 and has touched a high and low of Rs. 110.30 and Rs. 108.70 respectively. So far 724589 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 134.40 on 29-Apr-2022 and a 52 week low of Rs. 81.27 on 15-jun-2022. Last one week high and low of the scrip stood at Rs. 110.50...
NMDC jumps on the BSE
NMDC jumps on the BSE
Source: Accord Fintech
2/05/2023 3:06:34 PM
India`s NMDC exploring lithium reserves in Australia Indian iron ore miner NMDC Ltd said on Wednesday it is exploring lithium reserves 124.3 miles (about 200 km) off Perth, Australia. "We are in the process of exploring in Australia but we can't give a timeline when we would be able to start the mining," D K Mohanty, director of production at NMDC, told reporters on the sidelines of an industry conference.
India`s NMDC exploring lithium reserves in Australia
India`s NMDC exploring lithium reserves in Australia
Source: Reuters
19/04/2023 1:41:27 PM
Government says steps will be taken to expedite domestic coal production The Coal Ministry will take all steps to further expedite domestic coal production and evacuation process, an official said on Wednesday. Addressing an interactive session with coal block allottees of captive and commercial coal blocks here, Coal Secretary Amritlal Meena said that timely availability of land and other clearances are of paramount importance in ensuring early production of coal from newly allocated blocks. In his keynote address, he said that the nominated authority in th...
Government says steps will be taken to expedite domestic coal production
Government says steps will be taken to expedite domestic coal production
Source: IANS
12/04/2023 6:14:32 PM
High End Computing Solutions Co, Netweb Technologies files DRHP for IPO Delhi-NCR based server maker Netweb Technologies India Limited, one of the country’s leading high-end computing solutions (HCS) provider has filed its draft red herring prospectus (DRHP) with the market regulator Securities and Exchange Board of India (SEBI) to raise funds through an Initial Public Offering (IPO). The issue with a face value of Rs 2 per equity share consists of a fresh issue of equity shares worth up to Rs 257 crore and an offer-for-sale (OFS) of up to 8.5 ...
High End Computing Solutions Co, Netweb Technologies files DRHP for IPO
High End Computing Solutions Co, Netweb Technologies files DRHP for IPO
Source: PR Agency
29/03/2023 4:08:31 PM
Buy NMDC Limited For Target Rs. 180 - Emkay Global Financial Services Value unlocked; now what? Initiate with BUY * Strength to weakness: NMDC spent ~Rs200bn in setting up a 3mtpa steel plant at Nagarnar which has not only been draining cash from the high-margin iron-ore business, but also impairing return ratios. Demerging the steel asset has been the right strategy in our view which, apart from unlocking value for shareholders, will also materially improve NMDC’s return profile, now that the big-ticket item has moved off its balance sheet. *&...
Buy NMDC Limited For Target Rs. 180 - Emkay Global Financial Services
Buy NMDC Limited For Target Rs. 180 - Emkay Global Financial Services
Source: Emkay Global Financial Services Ltd
23/02/2023 11:49:33 AM
NMDC surges despite reporting 56% fall in Q3 consolidated net profit NMDC is currently trading at Rs. 118.00, up by 2.05 points or 1.77% from its previous closing of Rs. 115.95 on the BSE. The scrip opened at Rs. 115.95 and has touched a high and low of Rs. 120.60 and Rs. 114.40 respectively. So far 1145868 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 143.13 on 11-Apr-2022 and a 52 week low of Rs. 81.27 on 15-July-2022. Last one week high and low of the scrip stood at Rs. 121....
NMDC surges despite reporting 56% fall in Q3 consolidated net profit
NMDC surges despite reporting 56% fall in Q3 consolidated net profit
Source: Accord Fintech
15/02/2023 3:07:37 PM
Weekly Tech Picks: UltraTech Cement Ltd, Indian Oil Corporation Ltd, NMDC Ltd, Nelcast Ltd By Axis Securities UltraTech Cement Ltd • The stock is in strong uptrend forming a series of higher tops and bottoms on the daily and weekly time indicating positive bias • The stock is well placed above its key averages 20, 50, 100 and 200 day SMA’s and sustaining above the same which reconfirm bullish sentiments. • The stock has rebounded sharply from its earlier breakout zone of 6900 levels which remains a crucial support zone • The daily and weekly strength indicator RS...
Weekly Tech Picks: UltraTech Cement Ltd, Indian Oil Corporation Ltd, NMDC Ltd, Nelcast Ltd By Axis Securities
Weekly Tech Picks: UltraTech Cement Ltd, Indian Oil Corporation Ltd, NMDC Ltd, Nelcast Ltd By Axis Securities
Source: Axis Securities Ltd
16/01/2023 11:41:27 AM
Stock of the day: Buy NMDC Ltd For Target Rs.139 By Religare Broking NMDC Ltd * Among the sectoral pack, the metal index is currently holding strong while others are trading mixed * In line with the trend, NMDC has rebounded strongly in the last six months and formed a fresh buying pivot. * Indications are in the favour of retesting the previous swing high around 140 levels soon. * We thus recommend creating fresh longs in the mentioned zone. Buy NMDC Ltd CMP: 128.60 Range: 125-127  SL: 120  Target: 139   ...
Stock of the day: Buy NMDC Ltd For Target Rs.139 By Religare Broking
Stock of the day: Buy NMDC Ltd For Target Rs.139 By Religare Broking
Source: Religare Broking
13/01/2023 10:57:13 AM
NMDC rises on producing 3.61 MT of iron ore in December NMDC is currently trading at Rs. 125.50, up by 2.40 points or 1.95% from its previous closing of Rs. 123.10 on the BSE. The scrip opened at Rs. 124.00 and has touched a high and low of Rs. 126.15 and Rs. 124.00 respectively. So far 670801 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 143.13 on 11-Apr-2022 and a 52 week low of Rs. 81.27 on 27-Oct-2022. Last one week high and low of the scrip stood at Rs. 126.15...
NMDC rises on producing 3.61 MT of iron ore in December
NMDC rises on producing 3.61 MT of iron ore in December
Source: Accord Fintech
2/01/2023 3:38:29 PM
Buy NMDC Ltd For Target Rs.138 - Motilal Oswal Financial Services China opening to help iron ore; reiterate BUY Focus on finishing real estate projects in China to boost steel, ore demand * The Chinese government appears to be focusing on reopening the economy now after three long years of following a strict zero covid strategy (ZCS), which has led to significant reduction in GDP growth rate. * China has taken several measures to open its economy in the recent times. These include reducing quarantine period for incoming visitors, doing away with ne...
Buy NMDC Ltd For Target Rs.138 - Motilal Oswal Financial Services
Buy NMDC Ltd For Target Rs.138 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd.
24/12/2022 11:34:35 AM
Neutral NMDC Ltd For Target Rs.124 - Motilal Oswal Financial Services Weak results; costs rise | maintain Neutral * NMDC’s net sales declined 51% YoY and 30% QoQ to INR33b in 2QFY23 (in line). Iron ore sales fell 6% YoY (up 8% QoQ) at 8.43mt. YoY decline in iron ore sales reflects demand slow down in the merchant ore market. * EBITDA shrunk 73% YoY and 55% QoQ to INR8.5b, and was significantly lower than our estimate of INR12b despite in-line revenue, indicating higherthan-estimated operating costs partly offset by lower royalty and additional premi...
Neutral NMDC Ltd For Target Rs.124 - Motilal Oswal Financial Services
Neutral NMDC Ltd For Target Rs.124 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
13/12/2022 12:28:09 PM
NMDC surges as company to spend Rs 900 crore to ramp up iron ore production from mines in Karnataka NMDC is currently trading at Rs. 115.50, up by 4.50 points or 4.05% from its previous closing of Rs. 111.00 on the BSE. The scrip opened at Rs. 113.05 and has touched a high and low of Rs. 115.95 and Rs. 112.10 respectively. So far 985005 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 143.13 on 11-Apr-2022 and a 52 week low of Rs. 81.27 on 15-Jul-2022. Last one week high and low of the scrip stood at Rs. 115.95...
NMDC surges as company to spend Rs 900 crore to ramp up iron ore production from mines in Karnataka
NMDC surges as company to spend Rs 900 crore to ramp up iron ore production from mines in Karnataka
Source: Accord Fintech
21/11/2022 2:52:18 PM
NMDC surges on fixing prices of iron ore NMDC is currently trading at Rs. 109.50, up by 3.85 points or 3.64% from its previous closing of Rs. 105.65 on the BSE. The scrip opened at Rs. 106.50 and has touched a high and low of Rs. 110.45 and Rs. 106.50 respectively. So far 777635 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 143.13 on 11-Apr-2022 and a 52 week low of Rs. 81.27 on 15-Jul-2022. Last one week high and low of the scrip stood at Rs. 115.10...
NMDC surges on fixing prices of iron ore
NMDC surges on fixing prices of iron ore
Source: Accord Fintech
18/11/2022 12:41:09 PM
India`s October iron ore exports `nearly zero` - mining body official India's iron ore exports dropped to "nearly zero" in October, and overseas shipments of the steelmaking raw material are expected to continue to languish due to higher export taxes and lower demand from China, a senior industry official said on Thursday. India in May raised the export tax on low-grade iron ore lumps and fines - with iron content below 58% - to 50% from zero, and hiked the duties on pellets to 45% from zero, as part of efforts to meet rising local demand. &...
India`s October iron ore exports `nearly zero` - mining body official
India`s October iron ore exports `nearly zero` - mining body official
Source: Reuters
3/11/2022 4:53:01 PM
NMDC surges despite reports 6% fall in iron ore production in April-October NMDC is currently trading at Rs. 109.00, up by 4.45 points or 4.26% from its previous closing of Rs. 104.55 on the BSE. The scrip opened at Rs. 105.00 and has touched a high and low of Rs. 110.05 and Rs. 104.55 respectively. So far 968069 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 143.13 on 11-Apr-2022 and a 52 week low of Rs. 81.27 on 27-Oct-2022. Last one week high and low of the scrip stood at Rs. 110.05...
NMDC surges despite reports 6% fall in iron ore production in April-October
NMDC surges despite reports 6% fall in iron ore production in April-October
Source: Accord Fintech
2/11/2022 2:37:30 PM
NMDC trade higher on the BSE NMDC is currently trading at Rs. 132.20, up by 0.45 points or 0.34% from its previous closing of Rs. 131.75 on the BSE. The scrip opened at Rs. 131.10 and has touched a high and low of Rs. 133.05 and Rs. 130.30 respectively. So far 164790 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 175.40 on 11-Apr-2022 and a 52 week low of Rs. 99.60 on 15-Jul-2022. Last one week high and low of the scrip stood at Rs. 134.50...
NMDC trade higher on the BSE
NMDC trade higher on the BSE
Source: Accord Fintech
19/10/2022 11:50:36 AM
Vikram Samvat 2079 Diwali Technical Picks By Sumeet Bagadia, Choice Broking NMDC • On a monthly chart, the stock has been trading with higher highs & higher low formations which suggests an upside rally in the counter. • Furthermore, the stock has been trading with the support of 50 MMA which suggests a positive bias. • On a daily chart, the stock has been trading in a rising wedge formation and tested the lower band of formation which points out. • A daily momentum indicator Stochastic shows a positive crossover which adds more bu...
Vikram Samvat 2079 Diwali Technical Picks By Sumeet Bagadia, Choice Broking
Vikram Samvat 2079 Diwali Technical Picks By Sumeet Bagadia, Choice Broking
Source: Choice Broking Pvt Ltd
15/10/2022 6:08:16 PM
NMDC, RailTel ink pact on digital services Mining major NMDC and RailTel Corporation of India have entered an agreement covering ICT and digital transformation services of NMDC, both at its corporate offices and mining complexes. The pact builds on the partnership that NMDC already has with the National Railway Telecom which has been providing MPLS VPN at 11 of NMDC's locations, and Internet Leased Lines (ILL) at seven locations and high-definition video conferencing solutions since seven years. The MoU was signed on Monday....
NMDC, RailTel ink pact on digital services
NMDC, RailTel ink pact on digital services
Source: IANS
11/10/2022 3:32:51 PM
Buy NMDC Ltd For Target Rs. 135 - ICICI Direct Iron ore realisations surprise positively About the stock: Incorporated in 1958, NMDC is India's largest merchant iron ore miner. ? During FY22, NMDC’s iron ore production volume was at ~42 million tonne (MT) while sales volume for FY22 was at ~41 MT ? NMDC is one of the lowest cost iron ore producers in the world Q1FY23 Results: For the quarter, NMDC reported a better-than-expected performance, primarily on the back of higher-than-expected blended iron ore realisatio...
Buy NMDC Ltd For Target Rs. 135 - ICICI Direct
Buy NMDC Ltd For Target Rs. 135 - ICICI Direct
Source: ICICI Direct Ltd
13/09/2022 1:54:42 PM
Key Stock News - LIC Ltd, Aditya Birla Fashion and Retail Ltd, BPCL , NMDC Ltd, Ola Electric - ARETE Securities Key News LIC Q1 Result | Net profit comes in at Rs 683 crore, firm sees rise in market share India's largest life insurance company, Life Insurance Corporation (LIC) reported a net profit of Rs 682.9 crore for the quarter ended June (Q1FY23), a sharp rise from a mere Rs 2.6 crore in the corresponding period last year. But on a sequential basis, the net profit was down from Rs 2,371.5 crore logged in the March quarter. In a call with the press post the release of its earnings, the in...
Key Stock News - LIC Ltd, Aditya Birla Fashion and Retail Ltd, BPCL , NMDC Ltd, Ola Electric - ARETE Securities
Key Stock News - LIC Ltd, Aditya Birla Fashion and Retail Ltd, BPCL , NMDC Ltd, Ola Electric - ARETE Securities
Source: ARETE Securities Ltd
16/08/2022 10:06:53 AM
NMDC moves up despite reporting 54% fall in Q1 consolidated net profit NMDC is currently trading at Rs. 113.65, up by 2.55 points or 2.30% from its previous closing of Rs. 111.10 on the BSE. The scrip opened at Rs. 112.00 and has touched a high and low of Rs. 114.00 and Rs. 112.00 respectively. So far 1224018 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 181.80 on 06-Aug-2021 and a 52 week low of Rs. 99.60 on 15-Jul-2022. Last one week high and low of the scrip stood at Rs. 114.0...
NMDC moves up despite reporting 54% fall in Q1 consolidated net profit
NMDC moves up despite reporting 54% fall in Q1 consolidated net profit
Source: Accord Fintech
8/08/2022 1:45:45 PM
NMDC Q1 net profit down 53.98% at Rs 1469.44 cr The company reported standalone net profit of Rs 1,469.44 crore for the quarter ended June 30, 2022 as compared to Rs 3192.84 crore in the same period last year, registering a year-on-year decline of 53.98 per cent. Net revenue of the company declined substantially by 26.80 per cent at Rs 4,767.07 crore in April-June quarter of this fiscal as against Rs 6,512.21 crore in the corresponding period last year. During April-June quarter, operating expenses increased by 22.81 per cent to Rs 2,86...
NMDC Q1 net profit down 53.98% at Rs 1469.44 cr
NMDC Q1 net profit down 53.98% at Rs 1469.44 cr
Source: Dion Global Solutions Ltd
5/08/2022 5:22:34 PM
Key News - NMDC Ltd, Ola Electric Ltd, Sun Estates, Eveready Industries, Bosch By ARETE Securities Key News NMDC cuts prices of lump ore, fines by Rs 500/tonne each, stock falls 5% The country's largest iron ore producer NMDC has slashed the prices of lump ore and fines by Rs 500 a tonne each. Consequently, the company's stock fell over 5% on BSE on Tuesday. The prices are effective from Tuesday, the company which is also the largest seller of the mineral said in a regulatory filing.   Ola Electric unveils lithium-ion cell, to begin mass production by 2023 Ola ...
Key News - NMDC Ltd, Ola Electric Ltd, Sun Estates, Eveready Industries, Bosch By ARETE Securities
Key News - NMDC Ltd, Ola Electric Ltd, Sun Estates, Eveready Industries, Bosch By ARETE Securities
Source: ARETE Securities Ltd
13/07/2022 9:24:54 AM
NMDC inches up on planning to invest in renewable energy sector NMDC is currently trading at Rs. 108.95, up by 0.05 points or 0.05% from its previous closing of Rs. 108.90 on the BSE. The scrip opened at Rs. 108.50 and has touched a high and low of Rs. 110.65 and Rs. 107.40 respectively. So far 396009 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 186.45 on 30-Jul-2021 and a 52 week low of Rs. 101.60 on 23-Jun-2022. Last one week high and low of the scrip stood at Rs. 111.4...
NMDC inches up on planning to invest in renewable energy sector
NMDC inches up on planning to invest in renewable energy sector
Source: Accord Fintech
11/07/2022 4:03:03 PM
NMDC transfers 10.10% equity share capital of NINL to Tata Steel Long Products NMDC has successfully sold and transferred 10.10% of the issued and paid-up equity share capital of Neelachal Ispat Nigam (NINL) to Tata Steel Long Products (TSLP), the successful bidder selected through the two-stage auction procedure involving a competitive bidding process, run under the aegis of Department of Disinvestment & Public Asset Management (DIPAM), for a consideration determined in accordance with and subject to the terms of the Share Purchase Agreement, Escrow Agreement and o...
NMDC transfers 10.10% equity share capital of NINL to Tata Steel Long Products
NMDC transfers 10.10% equity share capital of NINL to Tata Steel Long Products
Source: Accord Fintech
5/07/2022 10:42:51 AM
Key Stock News - PVR, Eveready, NMDC, Tata Motors, Byju By ARETE Securities Key News PVR restarts capex cycle, plans to open about 125 screens in FY23 Leading multiplex chain operator PVR expects the movie exhibition industry to bounce back "dynamically" in FY23 and plans to open as many as 125 screens during the year, its highest ever tally in a year. According to the company's latest annual report, PVR, which is merging with rival Inox Leisure, expects the process to be completed this fiscal.   Eveready set to transform with growth &a...
Key Stock News - PVR, Eveready, NMDC, Tata Motors, Byju By ARETE Securities
Key Stock News - PVR, Eveready, NMDC, Tata Motors, Byju By ARETE Securities
Source: ARETE Securities Ltd
30/06/2022 9:19:26 AM
Key News -Zomato, Tata Power and Venture capital, SpiceJet,NMDC Ltd By ARETE Securities Key News Zomato board to sign off Blinkit acquisition on June 17 The Zomato board will meet on June 17 to sign off the acquisition of quick commerce company Blinkit, according to two sources close to the developments. Although the deal discussions earlier valued Blinkit at $700 million, the value of the final deal is expected to come down as it involves a stock swap of a definite number of shares in the ratio of 1:10 where Zomato would get 10 shares of Blinkit for every one of its sh...
Key News -Zomato, Tata Power and Venture capital, SpiceJet,NMDC Ltd By ARETE Securities
Key News -Zomato, Tata Power and Venture capital, SpiceJet,NMDC Ltd By ARETE Securities
Source: ARETE Securities Ltd
7/06/2022 9:58:56 AM
NMDC's iron ore production in May rises over 14% YoY to 3.2 million tonne India's mining major, National Mineral Development Corporation (NMDC), has produced 3.2 million tonne of iron ore in May 2022, which is 14.3 per cent higher than 2.8 million tonne produced in May 2021. The mining company has sold 2.65 million tonne of iron ore in May 2022. NMDC's cumulative production during April and May 2022 stood at 6.35 million tonne, a 7.4 per cent growth from the cumulative production of 5.91 million tonne from the previous year. The country's large...
NMDC's iron ore production in May rises over 14% YoY to 3.2 million tonne
NMDC's iron ore production in May rises over 14% YoY to 3.2 million tonne
Source: IANS
2/06/2022 2:31:41 PM
NMDC Q4 net profit down 36.04% at Rs 1815.05 cr The company reported standalone net profit of Rs 1,815.05 crore for the quarter ended March 31, 2022 as compared to Rs 2837.58 crore in the same period last year, registering a year-on-year decline of 36.04 per cent. Net revenue of the company declined marginally by 2.12 per cent at Rs 6,702.24 crore in January-March quarter of this fiscal as against Rs 6,847.57 crore in the corresponding period last year. During January-March quarter, operating expenses increased by 54.22 per cent to Rs 4...
NMDC Q4 net profit down 36.04% at Rs 1815.05 cr
NMDC Q4 net profit down 36.04% at Rs 1815.05 cr
Source: Dion Global Solutions Ltd
27/05/2022 4:19:32 PM
Stock Picks - ABB India Ltd and NMDC Ltd By ICICI Direct ABB Ltd Buy ABB Ltd @ 2284.00-2288.00 CMP 2285.65 Stop Loss 2264.90 Target 2304.80/2322.00     NMDC Ltd Sell NMDCLtd @ 136.00-137.00 CMP 135.95 Stop Loss 137.90 Target 135.10/133.70   To Read Complete Report & Disclaimer Click Here   https://secure.icicidirect.com/Content/StaticData/Disclaimer.html   Above views are of the author and not of the websi...
Stock Picks - ABB India Ltd and NMDC Ltd By ICICI Direct
Stock Picks - ABB India Ltd and NMDC Ltd By ICICI Direct
Source: ICICI Direct
16/05/2022 11:21:43 AM
Buy NMDC Ltd For Target Rs 220 - Motilal Oswal Steel plant commissioning nears; demerger in 3QFY23E Multiple long-term and short-term triggers to propel the stock After posting the highest ever annual production of iron ore (at 42mt) in FY22, NMDC has raised the bar and is now aiming at 46mt for FY23E and even higher for FY24E. The growth will be driven by both Chhattisgarh and Karnataka sectors. The Nagarnar Iron and Steel Company (NISP) steel plant is nearing commissioning and we expect the same to be completed by end2QFY23/ear...
Buy NMDC Ltd For Target Rs 220 - Motilal Oswal
Buy NMDC Ltd For Target Rs 220 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
13/04/2022 11:27:05 AM
Weekly Tech Picks - Mahindra & Mahindra Limited, NMDC Limited​​​​​​​, Shriram Transport Finance Company Ltd, Hindustan Aeronautics Ltd By Axis Securities Mahindra & Mahindra Limited • On the weekly chart, the stock has sharply rebounded from its two years “multiple support” zone of 730-720 levels indicating strong come back of bulls • This buying momentum was observed from 20-day SMA and rebounded sharply Mahindra & Mahindra Limited Weekly Tech Picks 01 April,2022 • On the daily chart, the stock has formed higher top and bottom indicating positive trend • The daily “band bollinger&rdquo...
Weekly Tech Picks - Mahindra & Mahindra Limited, NMDC Limited​​​​​​​, Shriram Transport Finance Company Ltd, Hindustan Aeronautics Ltd By Axis Securities
Weekly Tech Picks - Mahindra & Mahindra Limited, NMDC Limited​​​​​​​, Shriram Transport Finance Company Ltd, Hindustan Aeronautics Ltd By Axis Securities
Source: Axis Securities Ltd
4/04/2022 10:37:10 AM
Key News - NMDC Limited, Indian Oil Corporation , Maruti Suzuki, Oil and Natural Gas Corporation By ARETE Securities Key News NMDC's iron ore production rises 23% YoY to 42.15 MT in FY 2022 National Mineral Development Corporation Limited (NMDC), the country's largest iron ore producer, said on Saturday its production increased by 23 per cent year-on-year to reach 42.15 million tonnes (MT) in the financial year ended March 31, 2022. The company's sales increased by 22 per cent to 40.70 MT during fiscal 2021- 22. NMDC is a central public sector enterprise under the Ministry of Steel. In ...
Key News - NMDC Limited, Indian Oil Corporation , Maruti Suzuki, Oil and Natural Gas Corporation By ARETE Securities
Key News - NMDC Limited, Indian Oil Corporation , Maruti Suzuki, Oil and Natural Gas Corporation By ARETE Securities
Source: ARETE Securities Ltd
4/04/2022 9:57:31 AM
NMDC gains on signing MoU with IIT Kharagpur for drone-based mineral exploration NMDC is currently trading at Rs. 153.20, up by 1.95 points or 1.29% from its previous closing of Rs. 151.25 on the BSE. The scrip opened at Rs. 153.50 and has touched a high and low of Rs. 153.50 and Rs. 152.15 respectively. So far 93293 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 213.15 on 12-May-2021 and a 52 week low of Rs. 122.05 on 25-Mar-2021. Last one week high and low of the scrip stood at Rs. 159.40...
NMDC gains on signing MoU with IIT Kharagpur for drone-based mineral exploration
NMDC gains on signing MoU with IIT Kharagpur for drone-based mineral exploration
Source: Accord Fintech
21/03/2022 11:53:52 AM
Buy NMDC Ltd For Target Rs 216 - Motilal Oswal Strong pricing and volumes augur well Hikes in iron ore prices continue Iron ore prices increased by INR400/t NMDC has announced an increase in iron ore prices by INR400/t for both fines and lumps, marking a third price hike within 4QFY22 and raising the offer prices to INR4,960/t and INR6,000/t, respectively. The price hikes have been driven by strong steel and international pellet prices. The price of DR-CLO has been increased by INR480/t raising the offer price to INR7,200/t. ...
Buy NMDC Ltd For Target Rs 216 - Motilal Oswal
Buy NMDC Ltd For Target Rs 216 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
18/03/2022 11:24:46 AM
Stock Picks - NMDC Ltd & Chambal Fertiliser Ltd By ICICI Direct NMDC Ltd Buy NMDC Ltd @152.50-153.50 CMP 153.80 Stop Loss 151.40 Target 154.40/156.0   Chambal Fertiliser Ltd  Buy Chambal Fertiliser Ltd @413.00-415.00 CMP 415.50 Stop Loss 409.80 Target 418.20/422.30   To Read Complete Report & Disclaimer Click Here   https://secure.icicidirect.com/Content/StaticData/Disclaimer.html   Views express by all participants are for information & academic purpose only. Kindly read disclaim...
Stock Picks - NMDC Ltd & Chambal Fertiliser Ltd By ICICI Direct
Stock Picks - NMDC Ltd & Chambal Fertiliser Ltd By ICICI Direct
Source: ICICI Direct
11/03/2022 11:49:52 AM
NMDC surges on the BSE NMDC is currently trading at Rs. 151.10, up by 7.95 points or 5.55% from its previous closing of Rs. 143.15 on the BSE. The scrip opened at Rs. 143.40 and has touched a high and low of Rs. 151.30 and Rs. 142.55 respectively. So far 935758 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 213.15 on 12-May-2021 and a 52 week low of Rs. 122.05 on 25-Mar-2021. Last one week high and low of the scrip stood at Rs. 151.3...
NMDC surges on the BSE
NMDC surges on the BSE
Source: Accord Fintech
2/03/2022 3:58:22 PM
NMDC Q3 net profit down 2.81% at Rs 2049.67 cr The company reported standalone net profit of Rs 2,049.67 crore for the quarter ended December 31, 2021 as compared to Rs 2108.91 crore in the same period last year, registering a year-on-year decline of 2.81 per cent. Net revenue of the company rose substantially by 34.87 per cent at Rs 5,873.77 crore in October-December quarter of this fiscal as against Rs 4,355.10 crore in the corresponding period last year. During October-December quarter, operating expenses increased by 105.56 per cent t...
NMDC Q3 net profit down 2.81% at Rs 2049.67 cr
NMDC Q3 net profit down 2.81% at Rs 2049.67 cr
Source: Accord Fintech
9/02/2022 10:38:26 AM