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Sandur Manganese trades higher on getting consent for expansion to increase iron ore production Sandur Manganese & Iron Ores is currently trading at Rs. 1636.55, up by 32.60 points or 2.03% from its previous closing of Rs. 1603.95 on the BSE. The scrip opened at Rs. 1642.00 and has touched a high and low of Rs. 1675.00 and Rs. 1611.15 respectively. So far 63015 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1675.00 on 06-Sep-2023 and a 52 week low of Rs. 655.00 on 31-Oct-2022. Last one week high and ...
Sandur Manganese trades higher on getting consent for expansion to increase iron ore production
Sandur Manganese trades higher on getting consent for expansion to increase iron ore production
Source: Accord Fintech
6/09/2023 12:16:20 PM
Metals & Mining Sector Update : China policy measures, domestic price hikes improve sentiment By Motilal Oswal Financial Services China policy measures, domestic price hikes improve sentiment * Chinese authorities have taken steps in the last few weeks to support the country’s property and real estate sector. The measures include a reduction in mortgage rates for existing customers and lower down-payment requirements for new and secondtime home buyers. * Under the new stimulus measures, existing borrowers can renegotiate interest rates on mortgages for their first homes; the down-payment requirements for fir...
Metals & Mining Sector Update : China policy measures, domestic price hikes improve sentiment By Motilal Oswal Financial Services
Metals & Mining Sector Update : China policy measures, domestic price hikes improve sentiment By Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
5/09/2023 3:33:37 PM
Hindalco Industries gains on entering into Power Purchase agreement with Ayana Renewable Power Hindalco Industries is currently trading at Rs. 487.70, up by 1.10 points or 0.23% from its previous closing of Rs. 486.60 on the BSE. The scrip opened at Rs. 486.55 and has touched a high and low of Rs. 489.35 and Rs. 478.00 respectively. So far 105827 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 504.00 on 18-Jan-2023 and a 52 week low of Rs. 358.80 on 28-Sep-2022. Last one week high and low of the scrip sto...
Hindalco Industries gains on entering into Power Purchase agreement with Ayana Renewable Power
Hindalco Industries gains on entering into Power Purchase agreement with Ayana Renewable Power
Source: Accord Fintech
5/09/2023 3:18:12 PM
KIOCL zooms on resuming pellet production at Mangalore Unit KIOCL is currently trading at Rs. 235.45, up by 11.50 points or 5.14% from its previous closing of Rs. 223.95 on the BSE. The scrip opened at Rs. 224.20 and has touched a high and low of Rs. 244.60 and Rs. 222.85 respectively. So far 85907 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 245.95 on 01-Aug-2023 and a 52 week low of Rs. 165.20 on 29-Mar-2023. Last one week high and low of the scrip stood at Rs. 244...
KIOCL zooms on resuming pellet production at Mangalore Unit
KIOCL zooms on resuming pellet production at Mangalore Unit
Source: Accord Fintech
5/09/2023 12:45:27 PM
MOIL jumps on registering 53% growth in manganese ore production in August MOIL is currently trading at Rs. 247.50, up by 4.80 points or 1.98% from its previous closing of Rs. 242.70 on the BSE. The scrip opened at Rs. 247.70 and has touched a high and low of Rs. 250.00 and Rs. 245.20 respectively. So far 124977 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 250.00 on 04-Sep-2023 and a 52 week low of Rs. 140.65 on 29-Mar-2023. Last one week high and low of the scrip stood at Rs. 250....
MOIL jumps on registering 53% growth in manganese ore production in August
MOIL jumps on registering 53% growth in manganese ore production in August
Source: Accord Fintech
4/09/2023 12:20:07 PM
NTPC trades higher on inking MoU with Oil India NTPC is currently trading at Rs. 233.35, up by 2.75 points or 1.19% from its previous closing of Rs. 230.60 on the BSE. The scrip opened at Rs. 233.25 and has touched a high and low of Rs. 234.00 and Rs. 230.55 respectively. So far 244974 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 234.95 on 04-Sep-2023 and a 52 week low of Rs. 155.05 on 28-Sep-2022. Last one week high and low of the scrip stood at Rs. 234....
NTPC trades higher on inking MoU with Oil India
NTPC trades higher on inking MoU with Oil India
Source: Accord Fintech
4/09/2023 11:37:08 AM
NTPC moves up on getting investment approval for Lara Super Thermal Power Project NTPC is currently trading at Rs. 220.75, up by 0.40 points or 0.18% from its previous closing of Rs. 220.35 on the BSE. The scrip opened at Rs. 221.95 and has touched a high and low of Rs. 221.95 and Rs. 220.25 respectively. So far 49664 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 226.60 on 01-Aug-2023 and a 52 week low of Rs. 155.05 on 28-Sep-2022. Last one week high and low of the scrip stood at Rs. 222.0...
NTPC moves up on getting investment approval for Lara Super Thermal Power Project
NTPC moves up on getting investment approval for Lara Super Thermal Power Project
Source: Accord Fintech
31/08/2023 11:48:02 AM
Deccan Gold Mines rises on securing further funding of Rs 34.20 crore from Ardent Steel Deccan Gold Mines is currently trading at Rs. 88.00, up by 0.25 points or 0.28% from its previous closing of Rs. 87.75 on the BSE. The scrip opened at Rs. 90.00 and has touched a high and low of Rs. 90.81 and Rs. 87.85 respectively. So far 88754 shares were traded on the counter. The BSE group 'X' stock of face value Rs. 1 has touched a 52 week high of Rs. 109.86 on 04-Aug-2023 and a 52 week low of Rs. 23.10 on 07-Oct-2022. Last one week high and low of the scrip stood at Rs....
Deccan Gold Mines rises on securing further funding of Rs 34.20 crore from Ardent Steel
Deccan Gold Mines rises on securing further funding of Rs 34.20 crore from Ardent Steel
Source: Accord Fintech
28/08/2023 10:50:32 AM
BEML gains on receiving contract worth $19.71 million BEML is currently trading at Rs. 2136.05, up by 34.00 points or 1.62% from its previous closing of Rs. 2102.05 on the BSE. The scrip opened at Rs. 2170.00 and has touched a high and low of Rs. 2170.00 and Rs. 2136.05 respectively. So far 4469 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2208.95 on 24-Aug-2023 and a 52 week low of Rs. 1129.10 on 16-Mar-2023. Last one week high and low of the scrip stood at Rs...
BEML gains on receiving contract worth $19.71 million
BEML gains on receiving contract worth $19.71 million
Source: Accord Fintech
28/08/2023 10:26:51 AM
Coal Ministry plans pump storage projects on closed mines for hydro energy In a major diversification plan, Coal India Limited (CIL) and its subsidiaries are planning to set up pump storage projects (PSP) on huge tracts of decoaled (closed mines) lands at their disposal. According to highly placed sources, the plan to set up such projects in the first phase will be finalised in a month’s time, as the central government is quite bullish over such projects. Part of the coal ministry’s ambitious plans is to diversify towards alternate sources of energ...
Coal Ministry plans pump storage projects on closed mines for hydro energy
Coal Ministry plans pump storage projects on closed mines for hydro energy
Source: IANS
27/08/2023 10:43:42 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
BEML surges on bagging order from Ministry of Defence BEML is currently trading at Rs. 2132.00, up by 46.05 points or 2.21% from its previous closing of Rs. 2085.95 on the BSE. The scrip opened at Rs. 2120.00 and has touched a high and low of Rs. 2183.95 and Rs. 2112.45 respectively. So far 26859 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2,183.95 on 23-Aug-2023 and a 52 week low of Rs. 1129.10 on 16-Mar-2023. Last one week high and low of the scrip stood at ...
BEML surges on bagging order from Ministry of Defence
BEML surges on bagging order from Ministry of Defence
Source: Accord Fintech
23/08/2023 10:38:42 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
`Sufficient coal stock available to meet demand of power plants during monsoon` Power Minister RK Singh will hold a meeting on August 22 to review the availability of coal for thermal power plants, especially in view of the ongoing monsoon season, even as coal ministry has said that 77 million tonnes of dry fuel is currently available, which is more than sufficient to meet the requirement of power sector, highly placed sources said.  The meeting comes just days after Coal and Mines Minister Pralhad Joshi had last week reviewed the availability of coal, where it w...
`Sufficient coal stock available to meet demand of power plants during monsoon`
`Sufficient coal stock available to meet demand of power plants during monsoon`
Source: IANS
22/08/2023 9:19:59 AM
Buy Coal India Ltd For Target Rs.255/272 - LKP Securities Future Outlook • Coal India posted its highest Q1 production despite heavy rains at some of its mines. • Its despatches to the non-power sector too was the highest and the Rs 1400bn PSU Giant trades at inexpensive valuations and also has a compelling dividend yield of 8%. Technical Commentary • The stock is on the brink of a significant breakout from a falling trendline, indicating a potential shift from bearish to bullish. • Immediate resistance is present ...
Buy Coal India Ltd For Target Rs.255/272 - LKP Securities
Buy Coal India Ltd For Target Rs.255/272 - LKP Securities
Source: LKP Securities
18/08/2023 3:36:07 PM
Buy Coal India Ltd For Target Rs.255 - JM Financial Services Growth momentum continues; upgrade to BUY Coal India (CIL) reported consolidated net revenue of INR 360bn (+2.5% YoY, -5.7% QoQ), 2% above JMFe. Adj. EBITDA (ex-OBR) came in at INR 112bn (-12.5% YoY), ahead of JMFe of INR 92bn as well as consensus estimates, led by significant reduction in contractual expenses and lower consumption of stores and spares. Adj. PAT stood at INR 86bn (-8% YoY, +18% QoQ), ahead of JMFe/consensus by 25%/22%. Going forward, the momentum in monthly production and ...
Buy Coal India Ltd For Target Rs.255 - JM Financial Services
Buy Coal India Ltd For Target Rs.255 - JM Financial Services
Source: JM Financial Institutional Securities
14/08/2023 2:16:57 PM
Buy Coal India Ltd For Target Rs. 300 - Motilal Oswal Financial Services Ltd Robust domestic demand and higher volumes to drive performance * COAL’s 1QFY24 revenue was up 2% YoY at INR360b and was 6% above our estimate of INR338b, driven by higher volumes and FSA realization. * Blended ASP was down 3% YoY at INR1,769/t and FSA ASP was up 7% YoY at 1,526/t. While e-auction ASP declined 14% YoY to INR3,742/t, the e-auction premium stood at 144% (est. 90%). Though the e-auction premium cooled off to 144% from an all-time high of 329% in 2QFY23 and 192% in 4QF...
Buy Coal India Ltd For Target Rs. 300 - Motilal Oswal Financial Services Ltd
Buy Coal India Ltd For Target Rs. 300 - Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
12/08/2023 12:34:37 PM
India`s BEML posts smaller Q1 loss as expenses fall India's BEML Ltd reported a narrower first-quarter loss on Friday, supported by a dip in input costs and as government spending for infrastructure increased. The state-owned heavy equipment maker said its consolidated loss narrowed to 746.4 million Indian rupees ($9.02 million) in the three months ended June 30, from 823.3 million rupees a year earlier. The Indian government's push for higher capital expenditure in its last full budget announced in February 2023 benefited compan...
India`s BEML posts smaller Q1 loss as expenses fall
India`s BEML posts smaller Q1 loss as expenses fall
Source: Reuterss
11/08/2023 3:42:15 PM
NTPC rises as its arm secures bid for 80 MW floating solar project in Madhya Pradesh NTPC is currently trading at Rs. 218.40, up by 1.25 points or 0.58% from its previous closing of Rs. 217.15 on the BSE. The scrip opened at Rs. 218.95 and has touched a high and low of Rs. 219.70 and Rs. 216.60 respectively. So far 127052 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 226.60 on 01-Aug-2023 and a 52 week low of Rs. 152.80 on 12-Aug-2022. Last one week high and low of the scrip stood at Rs. 223....
NTPC rises as its arm secures bid for 80 MW floating solar project in Madhya Pradesh
NTPC rises as its arm secures bid for 80 MW floating solar project in Madhya Pradesh
Source: Accord Fintech
9/08/2023 11:26:53 AM
Coal India posts Q1 profit fall on higher wage provisions Coal India reported a fall in quarterly profit for a second straight quarter on Tuesday, as the world's largest coal miner made higher provisions for wage hikes. Consolidated net profit fell nearly 10% to 79.71 billion rupees ($962.4 million) for the first quarter ended June 30, the state-run company said in an exchange filing. It had posted a 17.3% fall in profit in the January-March quarter, halting a profit climb of more than 45% in every quarter since the three months ended Dece...
Coal India posts Q1 profit fall on higher wage provisions
Coal India posts Q1 profit fall on higher wage provisions
Source: Reuters
8/08/2023 6:55:11 PM
India`s Hindalco posts 40% slump in Q1 profit on weaker volumes, metal prices India's Hindalco Industries, one of the country's largest aluminium and copper producers, reported a 40% fall in first-quarter profit on Tuesday as softer volumes and weak metal prices weighed. The company's consolidated net profit fell to 24.54 billion rupees ($296.4 million) in the quarter ended June 30 from 41.19 billion rupees a year earlier. With consumers largely cutting discretionary spending amid elevated global inflation, canned beverage shipments were curbed leadin...
India`s Hindalco posts 40% slump in Q1 profit on weaker volumes, metal prices
India`s Hindalco posts 40% slump in Q1 profit on weaker volumes, metal prices
Source: Reuters
8/08/2023 3:33:49 PM
BEML moves up on securing letter of Acceptance from BMRC BEML is currently trading at Rs. 2069.80, up by 67.40 points or 3.37% from its previous closing of Rs. 2002.40 on the BSE. The scrip opened at Rs. 2108.85 and has touched a high and low of Rs. 2132.00 and Rs. 2060.00 respectively. So far 15076 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2,132.00 on 08-Aug-2023 and a 52 week low of Rs. 1129.10 on 16-Mar-2023. Last one week high and low of the scrip stood at ...
BEML moves up on securing letter of Acceptance from BMRC
BEML moves up on securing letter of Acceptance from BMRC
Source: Accord Fintech
8/08/2023 10:21:00 AM
India's Hindalco, NLC among those to operate six coal mines India's NLC India Ltd and Hindalco Industries Ltd are among the companies that will be operating six coal mines that were put up for auction earlier this year, the government said on Friday. The government has been looking to private players to boost coal production in the country as power demand surges. This is the seventh round of auctioning of mines for commercial mining - a total of 92 mines have been auctioned so far, which are projected to generate an annual revenue of approxi...
India's Hindalco, NLC among those to operate six coal mines
India's Hindalco, NLC among those to operate six coal mines
Source: Reuters
4/08/2023 6:32:40 PM
Coal India rises on planning to set up two thermal plants Coal India rises on planning to set up two thermal plants Aug-04-2023   15:28 Hrs IST Coal India is currently trading at Rs. 233.60, up by 3.40 points or 1.48% from its previous closing of Rs. 230.20 on the BSE. The scrip opened at Rs. 232.05 and has touched a high and low of Rs. 236.40 and Rs. 230.55 respectively. So far 407480 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 263.30 on 09-Nov-2022 ...
Coal India rises on planning to set up two thermal plants
Coal India rises on planning to set up two thermal plants
Source: Accord Fintech
4/08/2023 3:34:19 PM
MOIL surges on registering 71% growth in manganese ore production in July MOIL is currently trading at Rs. 190.55, up by 6.30 points or 3.42% from its previous closing of Rs. 184.25 on the BSE. The scrip opened at Rs. 187.35 and has touched a high and low of Rs. 191.35 and Rs. 186.55 respectively. So far 28537 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 197.35 on 13-Jul-2023 and a 52 week low of Rs. 140.65 on 29-Mar-2023. Last one week high and low of the scrip stood at Rs. 194.6...
MOIL surges on registering 71% growth in manganese ore production in July
MOIL surges on registering 71% growth in manganese ore production in July
Source: Accord Fintech
2/08/2023 12:07:11 PM
Coal India shines after its production rises by 13.4% to 53.7 MT in July Coal India is currently trading at Rs. 239.70, up by 10.50 points or 4.58% from its previous closing of Rs. 229.20 on the BSE. The scrip opened at Rs. 230.00 and has touched a high and low of Rs. 240.45 and Rs. 229.00 respectively. So far 810143 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 263.30 on 09-Nov-2022 and a 52 week low of Rs. 205.50 on 04-Aug-2022. Last one week high and low of the scrip stood at R...
Coal India shines after its production rises by 13.4% to 53.7 MT in July
Coal India shines after its production rises by 13.4% to 53.7 MT in July
Source: Accord Fintech
1/08/2023 3:33:22 PM
NTPC shines on getting nod to hive-off coal mining business NTPC is currently trading at Rs. 225.15, up by 6.70 points or 3.07% from its previous closing of Rs. 218.45 on the BSE. The scrip opened at Rs. 219.95 and has touched a high and low of Rs. 225.20 and Rs. 218.85 respectively. So far 986299 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 226.40 on 01-Aug-2023 and a 52 week low of Rs. 150.55 on 31-Jul-2022. Last one week high and low of the scrip stood at Rs. 226....
NTPC shines on getting nod to hive-off coal mining business
NTPC shines on getting nod to hive-off coal mining business
Source: Accord Fintech
1/08/2023 11:19:25 AM
BHP expects Indian steelmaking boom to drive its coal business - FT BHP Group expects the rampant expansion of India's steel industry to boost its coal business significantly, Chief Commercial Officer Vandita Pant told the Financial Times on Monday. Around 40% of BHP's metallurgical coal, used by steel mills and known as coking coal, is now heading to India, she said
BHP expects Indian steelmaking boom to drive its coal business - FT
BHP expects Indian steelmaking boom to drive its coal business - FT
Source: Reuters
31/07/2023 9:14:51 AM
India's Vedanta CFO says confident of meeting debt maturities in FY24 India's Vedanta is confident of meeting its debt maturities of $2.7 bln this fiscal year, its CFO said on Monday. The company is committed to reducing debt as its "high-quality" assets continue to generate a healthy cash flow, Sonal Shrivastava said in a statement. "We are prudent in raising capital." Earlier this month, the company said it will enter the market for the manufacturing of chips and displays this year after its joint-venture partner Foxconn pulled o...
India's Vedanta CFO says confident of meeting debt maturities in FY24
India's Vedanta CFO says confident of meeting debt maturities in FY24
Source: Reuters
24/07/2023 7:59:41 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
Metals & Mining Sector Update : Steel HRC prices rise for the first time in 15 weeks By ICICI Securities Ltd Domestic HRC prices rose by Rs150/te on an average in the week ended 12th Jul’23, the first rise in past 15 weeks on the back of reduced import pressures and roll-over of prices by major steel producers. Spot spread too expanded by a further 1% WoW owing to decline in coking coal prices – down US$3/te WoW. That said, longs continue to face seasonal weakness, hence rebar prices in both primary and secondary markets too were down during the week. In China, the government is expected...
Metals & Mining Sector Update : Steel HRC prices rise for the first time in 15 weeks By ICICI Securities Ltd
Metals & Mining Sector Update : Steel HRC prices rise for the first time in 15 weeks By ICICI Securities Ltd
Source: ICICI Securities Ltd
17/07/2023 3:27:40 PM
Metals & Mining Sector Update : China trade data Demand woes evident By ICICI Securities Ltd China’s trade data for Jun’23 was subdued as demand uptick in its home market has been less than expected. Key highlights: 1) copper imports in refined form fell YoY for the seventh successive month and copper concentrate imports too slipped MoM; 2) steel exports fell on YoY basis for the first time since Apr’22; 3) thermal coal imports remained robust; 4) aluminium exports increased slightly MoM, though are still lower YoY. Going ahead, we will keep a watch on the demand fr...
Metals & Mining Sector Update : China trade data Demand woes evident By ICICI Securities Ltd
Metals & Mining Sector Update : China trade data Demand woes evident By ICICI Securities Ltd
Source: ICICI Securities Ltd
15/07/2023 2:58:40 PM
Buy PCBL Ltd For Target Rs.200 - ICICI Securities PCBL witnessed healthy Q1FY24 volume growth of 12.5% YoY in carbon black driven by 22.6% rise in export volumes, which indicates that the strong overseas market opportunity is playing out. Company also witnessed a steady 6.7% volume growth in the domestic market. Specialty volumes grew 19.4% YoY. Gross profit per kg surprised positively with 14% QoQ jump to Rs33.5 (with no one-offs) though it remains in line with the FY24 guidance of Rs32/kg. Spreads are likely to benefit in FY25 and onwards ...
Buy PCBL Ltd For Target Rs.200 - ICICI Securities
Buy PCBL Ltd For Target Rs.200 - ICICI Securities
Source: ICICI Securities Ltd
14/07/2023 12:40:06 PM
Neutral Vedanta Ltd For Target Rs.280 - Motilal Oswal Financial Services * Our analysis of VEDL’s FY23 annual report showed that despite volatility in prices and elevated input costs, domestic demand remained resilient for the company. * The metals and mining sector is expected to contribute substantially to India’s GDP, and VEDL expects domestic demand to outpace global demand till FY30. * Metal consumption in India is expected to remain robust, driven by the ‘trinity of manufacturing, infrastructure and energy’. VEDL, being the larg...
Neutral Vedanta Ltd For Target Rs.280 - Motilal Oswal Financial Services
Neutral Vedanta Ltd For Target Rs.280 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
12/07/2023 11:40:40 AM
PCBL jumps on commissioning first phase of specialty chemicals capacity expansion at Mundra PCBL is currently trading at Rs. 175.70, up by 12.70 points or 7.79% from its previous closing of Rs. 163.00 on the BSE. The scrip opened at Rs. 166.95 and has touched a high and low of Rs. 178.25 and Rs. 166.60 respectively. So far 392911 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 178.25 on 11-Jul-2023 and a 52 week low of Rs. 105.00 on 11-Jul-2022. Last one week high and low of the scrip stood at Rs. 178....
PCBL jumps on commissioning first phase of specialty chemicals capacity expansion at Mundra
PCBL jumps on commissioning first phase of specialty chemicals capacity expansion at Mundra
Source: Accord Fintech
11/07/2023 10:29:54 AM
Vedanta rises on receiving approval for acquisition of 100% of VFSPL, VDL Vedanta is currently trading at Rs. 282.55, up by 1.95 points or 0.69% from its previous closing of Rs. 280.60 on the BSE. The scrip opened at Rs. 283.00 and has touched a high and low of Rs. 283.00 and Rs. 279.55 respectively. So far 324810 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 340.75 on 20-Jan-2023 and a 52 week low of Rs. 221.05 on 08-Jul-2022. Last one week high and low of the scrip stood at Rs. 28...
Vedanta rises on receiving approval for acquisition of 100% of VFSPL, VDL
Vedanta rises on receiving approval for acquisition of 100% of VFSPL, VDL
Source: Accord Fintech
10/07/2023 10:30:28 AM
Mahanadi Coalfields Limited to impart VR-based safety & operational training to 17,000 workforce Mahanadi Coalfields Limited (MCL), a subsidiary of Central PSU Coal India Ltd., has introduced virtual reality (VR) based skill development programme for providing safety and operational training to its 17,000 workforce by 2026. The Coal India subsidiary has earmarked a budget of Rs 6.5 crore for skill enhancement among coal miners. Emphasising on skilled workforce as a key to safe and productive mining operations, Om Prakash Singh, Chairman-cum-Managing Director of MCL said that regula...
Mahanadi Coalfields Limited to impart VR-based safety & operational training to 17,000 workforce
Mahanadi Coalfields Limited to impart VR-based safety & operational training to 17,000 workforce
Source: IANS
8/07/2023 9:26:22 AM
Metals & Mining Sector Update : Q1FY24 preview: Lower realisations play sour By ICICI Securities Q1FY24E is likely to be one of the atypical quarters with prior period inventory, product mix and contract prices resulting in differentiated performance of the companies under our coverage. Key points: 1) Shipments of all major ferrous players are likely to be up YoY, tracking steel consumption growth; 2) coking coal cost is likely to be higher by US$6-20/te; 3) realisation for ferrous companies may be lower by Rs1,500-2,000/te QoQ, except Tata Steel; 4) prior period inventory of thermal coa...
Metals & Mining Sector Update : Q1FY24 preview: Lower realisations play sour By ICICI Securities
Metals & Mining Sector Update : Q1FY24 preview: Lower realisations play sour By ICICI Securities
Source: ICICI Securities Ltd
7/07/2023 12:04:44 PM
Alternative livelihood can stop illegal coal mining: Meghalaya CM Meghalaya Chief Minister Conrad K Sangma on Thursday said that the illegal coal mining and transportation of coal can only be stopped if there is an alternative livelihood for the coal workers in the state. He said, however, the government’s efforts are on to stop the illegal coal mining and that there are different laws to take action against the people who are involved in illegal activities of coal mining. “Actions have been taken and thousands of cases have been registere...
Alternative livelihood can stop illegal coal mining: Meghalaya CM
Alternative livelihood can stop illegal coal mining: Meghalaya CM
Source: IANS
7/07/2023 10:20:04 AM
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
MOIL trades in green on recording 35% growth in production of Manganese Ore in Q1FY24 MOIL is currently trading at Rs. 165.30, up by 2.90 points or 1.79% from its previous closing of Rs. 162.40 on the BSE. The scrip opened at Rs. 166.90 and has touched a high and low of Rs. 168.45 and Rs. 165.15 respectively. So far 13756 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 178.50 on 03-Aug-2022 and a 52 week low of Rs. 140.65 on 29-Mar-2023. Last one week high and low of the scrip stood at Rs. 168.4...
MOIL trades in green on recording 35% growth in production of Manganese Ore in Q1FY24
MOIL trades in green on recording 35% growth in production of Manganese Ore in Q1FY24
Source: Accord Fintech
3/07/2023 11:07:06 AM
Buy HEG Ltd For Target Rs.2,025 - ICICI Direct Strategic fit, better times lies ahead… About the stock:  HEG is one of the leading graphite electrode manufacturers in India and is a key exporter of the same in global markets. * HEG has world’s largest single site graphite electrode manufacturing plant of 80,000 tonne capacity at Mandideep in Madhya Pradesh * HEG also has a captive power generation capacity of ~80 MW (two thermal power plants and one hydro power plant). Key Investment thesis: * Global deca...
Buy HEG Ltd For Target Rs.2,025 - ICICI Direct
Buy HEG Ltd For Target Rs.2,025 - ICICI Direct
Source: ICICI Direct
30/06/2023 11:04:05 AM
BEML zooms on bagging order worth Rs 385 crore BEML is currently trading at Rs. 1622.20, up by 50.55 points or 3.22% from its previous closing of Rs. 1571.65 on the BSE. The scrip opened at Rs. 1594.85 and has touched a high and low of Rs. 1638.00 and Rs. 1581.70 respectively. So far 5744 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1,749.00 on 21-June-2023 and a 52 week low of Rs. 1,022.98 on 28-June-2022. Last one week high and low of the scrip stood a...
BEML zooms on bagging order worth Rs 385 crore
BEML zooms on bagging order worth Rs 385 crore
Source: Accord Fintech
28/06/2023 12:39:44 PM
Government to unveil list of critical minerals to cut down imports  The Indian government is set to unveil a list of critical minerals in the country to ensure reduced import dependencies, enhance supply chain resilience, and support the country's net zero objectives.  A first of its kind data, the critical mineral list will be released by Coal and Mines Minister Pralhad Joshi on Wednesday, official sources said. This list is designed to identify and prioritise minerals that are essential for various industrial sectors such as high-tech e...
Government to unveil list of critical minerals to cut down imports
Government to unveil list of critical minerals to cut down imports
Source: IANS
28/06/2023 10:37:11 AM
Buy Tega Industries Ltd For target RS 900 - JM Financial Institutional Securities Aiming at a steady growth as product gaps are addressed Tega Industries reported a beat on our estimates. Net sales grew 36% YoY to INR3.96bn, 19% above JMFe (8% on comparable basis), as it included sales from newly acquired McNally Sayaji under equipment segment. Consumables segment registered healthy growth of 24% YoY. EBITDA was 27% above estimates (INR1.03bn; +49% YoY), as margins in equipment segment were booked at higher than normal range due to lower expenses in initial consolidatio...
Buy Tega Industries Ltd For target RS 900 - JM Financial Institutional Securities
Buy Tega Industries Ltd For target RS 900 - JM Financial Institutional Securities
Source: JM Financial Institutional Securities Ltd
24/06/2023 10:57:29 AM
Vedanta moves up on planning to invest $1.7 billion in FY24 Vedanta is currently trading at Rs. 282.20, up by 1.70 points or 0.61% from its previous closing of Rs. 280.50 on the BSE. The scrip opened at Rs. 279.00 and has touched a high and low of Rs. 282.40 and Rs. 278.70 respectively. So far 103725 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 340.75 on 20-Jan-2023 and a 52 week low of Rs. 206.10 on 01-Jul-2022. Last one week high and low of the scrip stood at Rs. 28...
Vedanta moves up on planning to invest $1.7 billion in FY24
Vedanta moves up on planning to invest $1.7 billion in FY24
Source: Accord Fintech
20/06/2023 11:34:31 AM
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
Coal India surges after its arm aiming to scale up capacity of Gevra mine Coal India is currently trading at Rs. 228.55, up by 0.85 points or 0.37% from its previous closing of Rs. 227.70 on the BSE. The scrip opened at Rs. 227.80 and has touched a high and low of Rs. 229.00 and Rs. 226.70 respectively. So far 216978 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 263.30 on 09-Nov-2022 and a 52 week low of Rs. 174.60 on 20-Jun-2022. Last one week high and low of the scrip stood at Rs...
Coal India surges after its arm aiming to scale up capacity of Gevra mine
Coal India surges after its arm aiming to scale up capacity of Gevra mine
Source: Accord Fintech
12/06/2023 12:33:46 PM