News

Sell Hindalco Industries Ltd For Target Rs.600 By Emkay Global Financial Services Upstream-Downstream performance divergence Hindalco delivered a strong upstream performance that is on a firm foot vs a starkly different downstream performance with bleak near-term outlook for Novelis, balancing out one another in Q2 and resulting in EBITDA beat of 9.5% at business segment level. On Novelis, there is no incremental clarity, especially on quantification in terms of impact on profitability from rise in scrap prices. It seems a part of margin contraction is structural. Near ...
Sell Hindalco Industries Ltd For Target Rs.600 By Emkay Global Financial Services
Sell Hindalco Industries Ltd For Target Rs.600 By Emkay Global Financial Services
Source: Emkay Global Financial Services
2024-11-19 12:52:33 pm
Buy Hindalco Industries Ltd For Target Rs. 800 by Yes Securities Ltd Results Synopsis Hindalco’s Q2FY25 performance was upbeat and above the consensus expectations primarily on account of higher LME pricing for the Indian aluminium business reporting an EBITDA/t of $1,349/t up significantly from $ 751/t during CPLY. Net revenue from operations was up by 2.1% QoQ and 7.4% YoY coming in at Rs 582,030 mn, with EBITDA up 5% QoQ and 40.5% YoY at Rs 78,830 mn. On the segmental front, the Indian aluminium business remained strong and showed better volumes al...
Buy Hindalco Industries Ltd For Target Rs. 800 by Yes Securities Ltd
Buy Hindalco Industries Ltd For Target Rs. 800 by Yes Securities Ltd
Source: Yes Securities Ltd
2024-11-19 10:21:14 am
Hindustan Zinc rises on declaring preferred bidder for Dugocha Gold Block in Rajasthan Hindustan Zinc is currently trading at Rs. 499.50, up by 5.00 points or 1.01% from its previous closing of Rs. 494.50 on the BSE. The scrip opened at Rs. 503.00 and has touched a high and low of Rs. 504.65 and Rs. 494.50 respectively. So far 55088 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 807.00 on 22-May-2024 and a 52 week low of Rs. 285.00 on 15-Mar-2024. Last one week high and low of the scrip stood at ...
Hindustan Zinc rises on declaring preferred bidder for Dugocha Gold Block in Rajasthan
Hindustan Zinc rises on declaring preferred bidder for Dugocha Gold Block in Rajasthan
Source: Accord Fintech
2024-11-18 11:52:53 am
Buy Hindalco Industries Ltd For Target Rs.760 By JM Financial Services Hindalco reported 2Q consol. adj. EBITDA of INR80bn, significantly higher than JMfe of INR68bn. India aluminium business (incl. Utkal) delivered an EBITDA of INR39bn up 7% QoQ aided by lower CoP and improved realisations (up USD98/t at USD3,328/t in 2Q). Net debt increased sequentially to INR360bn (vs INR355bn in 1Q). Key takeaways from the call are a) aluminium CoP expected to be up 1%-1.5% in 3Q – spot auction prices of coal higher in 3Q so far b) downstream expansion through Silvassa...
Buy Hindalco Industries Ltd For Target Rs.760 By JM Financial Services
Buy Hindalco Industries Ltd For Target Rs.760 By JM Financial Services
Source: JM Financial Services Ltd
2024-11-15 05:22:29 pm
India needs to secure long-term supply of critical mineral sources: CareEdge Ratings agency CareEdge in its latest report has said that with India having limited resources of lithium, cobalt, nickel and other critical minerals, domestic players need to secure long-term supply from countries having sizable reserves and focus on battery reuse and recycling. It said this would provide environmental benefits and reduce price and supply risk associated with imports of these minerals. India has set an ambitious target to meet 50 per cent of its primary energy requirement fr...
India needs to secure long-term supply of critical mineral sources: CareEdge
India needs to secure long-term supply of critical mineral sources: CareEdge
Source: Accord Fintech
2024-11-14 12:57:52 pm
NMDC gains as its consolidated net profit rises 17% in Q2FY25 NMDC is currently trading at Rs. 225.95, up by 1.25 points or 0.56% from its previous closing of Rs. 224.70 on the BSE. The scrip opened at Rs. 225.00 and has touched a high and low of Rs. 226.25 and Rs. 222.35 respectively. So far 167974 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 286.35 on 21-May-2024 and a 52 week low of Rs. 166.70 on 15-Nov-2023. Last one week high and low of the scrip stood at Rs. 246.2...
NMDC gains as its consolidated net profit rises 17% in Q2FY25
NMDC gains as its consolidated net profit rises 17% in Q2FY25
Source: Accord Fintech
2024-11-13 11:38:17 am
Ministry of Mines Pavilion at IITF 2024: `Minerals to Milestones` The Ministry of Mines is set to inaugurate its Pavilion at the India International Trade Fair (IITF) 2024 at the ITPO, Pragati Maidan, with the theme “Minerals to Milestones.” This theme highlights the crucial role of minerals in India’s progress towards a developed future. The Pavilion will be inaugurated on 14th November by Hon’ble Union Minister of Coal and Mines, Shri G. Kishan Reddy, along with Hon’ble State Minister of Coal and Mines, Shri Satish Chandra Du...
Ministry of Mines Pavilion at IITF 2024: `Minerals to Milestones`
Ministry of Mines Pavilion at IITF 2024: `Minerals to Milestones`
Source: PR Agency
2024-11-13 10:46:05 am
India thermal coal imports fall at fastest pace in 15 months  India's imports of thermal coal plunged by about a third on an annual basis in October, according to data analytics firms Bigmint and Kpler, due to slowing power generation and higher clean energy output. Shipments into the world's second-largest coal importer plunged 31.8% to 13.56 million metric tons, Bigmint data showed. This was the fastest rate of contraction in fifteen months, and the first consecutive decline since July 2023. Traders expect Indian purchases to pick ...
India thermal coal imports fall at fastest pace in 15 months
India thermal coal imports fall at fastest pace in 15 months
Source: IANS
2024-11-12 01:54:05 pm
Buy Coal India Ltd For Target Rs.560 By Motilal Oswal Financial Services Ltd Revenue in line; earnings hit by weak e-auction volumes and high costs * 2QFY25 revenue stood at INR307b (-6% YoY/-16% QoQ), in line with our est. of INR317b. Blended ASP stood at INR1,622/t (-6% YoY and -3% QoQ), 8% below our estimate. * Adj. EBITDA (excluding OBR costs) stood at INR72b (-20% YoY/-38% QoQ), below our est. of INR99b due to lower-than-expected e-auction volumes and elevated costs. Adj. EBITDA/t stood at INR426/t (-17% YoY/-27% QoQ) vs. our estimate of INR595/t....
Buy Coal India Ltd For Target Rs.560 By Motilal Oswal Financial Services Ltd
Buy Coal India Ltd For Target Rs.560 By Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
2024-11-10 09:14:59 am
India`s coal production from captive, commercial mines crosses 100 MT India's coal production from captive and commercial mines has exceeded 100 million tonnes (MT) in the current fiscal (as of November 8) which is a 33 per cent year-on-year growth, the government said on Saturday.   This time, the feat was achieved nearly 100 days earlier than the previous financial year, which was achieved in January 2024, thus marking a significant milestone in the nation's journey towards Viksit and Atmanirbhar Bharat. According to a Ministry of Coal stat...
India`s coal production from captive, commercial mines crosses 100 MT
India`s coal production from captive, commercial mines crosses 100 MT
Source: IANS
2024-11-10 09:02:59 am
Buy Kirloskar Ferrous Industries Ltd For Target Rs.740 By JM Financial Services Earnings trajectory intact; new projects to be commissioned soon Kirloskar Ferrous reported 2Q consol. EBITDA of INR1.9bn, higher than JMfe of INR1.7bn. The out-performance in EBITDA was on account of growth in overall volumes (+6% QoQ). Key takeaways from the call are –1) on casting front, current run-rate stands at 13,000 tons per month and 150k tons per annum; company expects to ramp up going forward and has guided for 200k tons in FY25 2) tractor and automotive industries display...
Buy Kirloskar Ferrous Industries Ltd For Target Rs.740 By JM Financial Services
Buy Kirloskar Ferrous Industries Ltd For Target Rs.740 By JM Financial Services
Source: JM Financial Services Ltd
2024-11-09 11:59:19 am
Buy Coal India Ltd For Target Rs. 614 By Centrum Broking Ltd Lower volumes drags earnings; outlook positive Coal India (COAL IN) reported lower than our estimate EBITDA ex OBR at Rs71.5bn (CentrumE: Rs75.7bn), down 20% YoY/ down 38% QoQ. The underperformance is primarily due to lower realisation and also lower volumes resulting in higher CoP on account of higher fixed cost. Sales volume decline by 3.5% YoY to 168.1mt in Q2FY25. However, blended realisation/t declined by 5.8% YoY primarily due to sharp decline in FSA realisation as well as fall in e-...
Buy Coal India Ltd For Target Rs. 614 By Centrum Broking Ltd
Buy Coal India Ltd For Target Rs. 614 By Centrum Broking Ltd
Source: Centrum Broking Ltd
2024-11-08 05:07:25 pm
Vedanta edges higher on emerging as preferred bidder for critical mineral blocks Vedanta is currently trading at Rs. 458.15, up by 0.35 points or 0.08% from its previous closing of Rs. 457.80 on the BSE. The scrip opened at Rs. 461.50 and has touched a high and low of Rs. 467.70 and Rs. 453.50 respectively. So far 711646 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 523.60 on 30-Sep-2024 and a 52 week low of Rs. 230.65 on 30-Nov-2023. Last one week high and low of the scrip stood at Rs. 47...
Vedanta edges higher on emerging as preferred bidder for critical mineral blocks
Vedanta edges higher on emerging as preferred bidder for critical mineral blocks
Source: Accord Fintech
2024-11-08 04:23:37 pm
Hindustan Zinc gains on winning auction to mine critical mineral blocks Hindustan Zinc is currently trading at Rs. 508.25, up by 0.60 points or 0.12% from its previous closing of Rs. 507.65 on the BSE. The scrip opened at Rs. 509.05 and has touched a high and low of Rs. 512.90 and Rs. 507.00 respectively. So far 200755 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 807.00 on 22-May-2024 and a 52 week low of Rs. 285.00 on 15-Mar-2024. Last one week high and low of the scrip stood at...
Hindustan Zinc gains on winning auction to mine critical mineral blocks
Hindustan Zinc gains on winning auction to mine critical mineral blocks
Source: Accord Fintech
2024-11-08 03:54:35 pm
Centre completes auction of 8 critical mineral blocks in big step to bolster self-reliance The Ministry of Mines has successfully concluded the auction of 8 critical mineral blocks, launched under Tranche IV of the Auction of Critical and Strategic Mineral Blocks as part of India’s strategy to secure a steady supply of these minerals vital for sectors including electronics, defence, and renewable energy.  "These blocks contain deposits of strategic minerals such as phosphorite, graphite, and vanadium, essential for high-tech and green energy applications. The auc...
Centre completes auction of 8 critical mineral blocks in big step to bolster self-reliance
Centre completes auction of 8 critical mineral blocks in big step to bolster self-reliance
Source: IANS
2024-11-07 03:21:25 pm
Stock of the day : Vedanta Ltd For Target Rs. 495 - Religare Broking Vedanta Ltd * Buying interest is seen throughout the metal space, and VEDL is among the strongest counters. * Stock is under rising trend with major support at 100EMA and its rising trend line. * Recently, stock rebounded from the 100 EMA zones and has formed strong consolidation base. * Stock likely to continue its positive trend and we maintain momentum buy on the stock. * Traders can accumulate the stock in the mentioned range for a given target. Buy Vedanta Ltd&...
Stock of the day : Vedanta Ltd For Target Rs. 495 - Religare Broking
Stock of the day : Vedanta Ltd For Target Rs. 495 - Religare Broking
Source: Religare Broking Ltd
2024-11-06 10:44:00 am
Vedanta moves up as its Cairn Oil & Gas inks MoU to join UNEP`s OGMP 2.0 Vedanta is currently trading at Rs. 459.20, up by 0.50 points or 0.11% from its previous closing of Rs. 458.70 on the BSE. The scrip opened at Rs. 458.80 and has touched a high and low of Rs. 464.90 and Rs. 457.20 respectively. So far 101718 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 523.60 on 30-Sep-2024 and a 52 week low of Rs. 230.40 on 06-Nov-2023. Last one week high and low of the scrip stood at Rs. 47...
Vedanta moves up as its Cairn Oil & Gas inks MoU to join UNEP`s OGMP 2.0
Vedanta moves up as its Cairn Oil & Gas inks MoU to join UNEP`s OGMP 2.0
Source: Accord Fintech
2024-11-05 12:34:54 pm
NMDC`s iron ore production soars to record high in October  Government-owned National Mineral Development Corporation (NMDC), India's largest iron ore producer, has registered its best-ever October performance since inception with a record production of 4.07 million tonnes (MT) and sales of 4.03 MT, according to a statement issued by the Steel Ministry on Saturday.  While NDMC's production of iron ore has gone up by 3.8 per cent, its sales have surged by as much as 17.15 per cent compared to the same month last year. NMDC'...
NMDC`s iron ore production soars to record high in October
NMDC`s iron ore production soars to record high in October
Source: IANS
2024-11-03 10:08:10 am
India’s coal production sees 7.5 pc growth in October  India's coal production reached 84.45 million tonnes (MT) in the month of October, surpassing 78.57 MT production in the corresponding month last year with 7.48 per cent growth, the government said on Friday.  Coal production from captive and other entities also showed substantial growth, rising to 16.59 MT in October 2024 compared to 11.70 MT in the same period last year, reflecting a remarkable growth rate of 41.75 per cent, according to the Ministry of Coal data. The c...
India’s coal production sees 7.5 pc growth in October
India’s coal production sees 7.5 pc growth in October
Source: IANS
2024-11-01 07:35:09 pm
India, Saudi discuss ways to enhance cooperation in fertilizers, petrochemicals, mining sectors In order to boost trade and investments, India and Saudi Arabia have discussed ways to enhance cooperation in areas of fertilizers, petrochemicals and mining during a meeting between Commerce and Industry Minister Piyush Goyal and Saudi Minister for Industry and Mineral Resources Bandar bin Ibrahim Alkhorayef in Riyadh. India is the second largest trade partner for Saudi Arabia whereas Saudi Arabia is India's fourth largest trading partner. The bilateral trade between the two countries...
India, Saudi discuss ways to enhance cooperation in fertilizers, petrochemicals, mining sectors
India, Saudi discuss ways to enhance cooperation in fertilizers, petrochemicals, mining sectors
Source: Accord Fintech
2024-10-31 03:51:29 pm
India`s core industries see 2 pc growth in September as coal, cement lead India's core industries saw a growth of 2 per cent in September compared to the same month last year, riding on the growth in the production of cement, refinery products, coal, fertilisers, and steel.  The cumulative growth rate of the Index of Eight Core Industries (ICI) during the April-September period stood at 4.2 per cent as compared to the corresponding period of last year, according to the Ministry of Commerce and Industry, adding that the final growth rate of ICI for June ...
India`s core industries see 2 pc growth in September as coal, cement lead
India`s core industries see 2 pc growth in September as coal, cement lead
Source: IANS
2024-10-31 09:22:24 am
Coal India declines on reporting 22% fall in Q2 consolidated net profit Coal India is currently trading at Rs. 448.85, down by 12.30 points or 2.67% from its previous closing of Rs. 461.15 on the BSE. The scrip opened at Rs. 452.00 and has touched a high and low of Rs. 457.10 and Rs. 435.20 respectively. So far 791973 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 544.70 on 26-Aug-2024 and a 52 week low of Rs. 306.00 on 01-Nov-2023. Last one week high and low of the scrip stood at...
Coal India declines on reporting 22% fall in Q2 consolidated net profit
Coal India declines on reporting 22% fall in Q2 consolidated net profit
Source: Accord Fintech
2024-10-28 11:54:59 am
Diwali Technical Pick 2024 : Gujarat Mineral Development Corporation Ltd For Target Rs. 295 - Nirmal Bang Ltd Gujarat Mineral Development Corporation Ltd * Momentum Indicator RSI showing a positive cross over in daily chart indicates strength. * Weekly line chart indicates that stock has given a breakout of downward sloping trend line with volumes which indicates an potential up move. The prices are currently trading above the long term average 50DMA which is a bullish signal. * Therefore, investors can buy the stock at 354 and on dips to Rs 325 for a target of Rs 440 with a strict stop loss...
Diwali Technical Pick 2024 : Gujarat Mineral Development Corporation Ltd For Target Rs. 295 - Nirmal Bang Ltd
Diwali Technical Pick 2024 : Gujarat Mineral Development Corporation Ltd For Target Rs. 295 - Nirmal Bang Ltd
Source: Nirmal Bang Ltd
2024-10-24 12:45:15 pm
India considers imports of Mongolian coking coal via Russia, source says  India is exploring ways to import regular supplies of Mongolian coking coal by way of Russia, a senior government official with direct knowledge of the matter said, as New Delhi seeks to avoid over-reliance on transit through China. Mills in India, the world's second-biggest producer of crude steel, grappled with volatile Australian supplies of coking coal last year, and the government sent delegations to Mongolia in an effort to diversify sources of the fuel. Despite a longer...
India considers imports of Mongolian coking coal via Russia, source says
India considers imports of Mongolian coking coal via Russia, source says
Source: Reuters
2024-10-21 04:58:45 pm
India`s Hindustan Zinc beats profit estimates on higher prices  India's Hindustan Zinc reported a bigger-than-expected rise in second-quarter profit on Friday, helped by gains in zinc prices on prospects of stronger China demand and global supply worries, sending its shares 1.7% higher. Consolidated net profit rose about 35% from a year earlier to 23.27 billion rupees (around $277 million) in the quarter ended Sept. 30, the miner said in a filing to the stock exchange. Analysts on an average had expected a profit of 22.51 billion rupees, a...
India`s Hindustan Zinc beats profit estimates on higher prices
India`s Hindustan Zinc beats profit estimates on higher prices
Source: Reuters
2024-10-18 03:51:01 pm
Metals and Mining Sector Update : 2QFY25 Preview: Margins under pressure given lower realizations By JM Financial Services Ltd We estimate the operating profits of our metals coverage universe to de-grow 15% QoQ in 2QFY25 given sharp decline in realizations, partially offset by the decline in coking coal prices. Indian steel markets witnessed a soft quarter with average prices down ~INR3-5k/t sequentially. Global steel making raw materials witnessed a decline – spot coking coal down to ~USD205/t (down sharply by USD110/t from peak), iron ore at ~USD102/t (down USD20/t from recent peak in Jan’24) driven by...
Metals and Mining Sector Update : 2QFY25 Preview: Margins under pressure given lower realizations By JM Financial Services Ltd
Metals and Mining Sector Update : 2QFY25 Preview: Margins under pressure given lower realizations By JM Financial Services Ltd
Source: JM Financial Services
2024-10-15 03:50:03 pm
India`s coal-fired monthly power output slips consecutively for the first time since pandemic  India's coal-fired power output fell for a second straight month in September on an annual basis due to slower growth in electricity use and a surge in solar generation, a Reuters review of data from the federal grid regulator showed. The decline reflects a shift in fuel use patterns in the world's fastest growing major economy and third-largest greenhouse gas emitter. It follows 47 straight months of year-over-year growth in coal use for power generation. Electricity use ...
India`s coal-fired monthly power output slips consecutively for the first time since pandemic
India`s coal-fired monthly power output slips consecutively for the first time since pandemic
Source: Reuters
2024-10-09 11:16:02 am
India`s Hindustan Zinc aims to switch to renewable energy in five-seven years, chairperson says  Indian miner Hindustan Zinc plans to transition to renewable energy to power its operations in the next five to seven years, Chairperson Priya Agarwal told Reuters on Tuesday. "We still have a lot of captive thermal (power). It's not going to shut down tomorrow. It's going to go on for some time, but we're very committed to ensure that the transition happens successfully over time," Agarwal said at the FT Energy Transition Summit India in New Delhi. More than...
India`s Hindustan Zinc aims to switch to renewable energy in five-seven years, chairperson says
India`s Hindustan Zinc aims to switch to renewable energy in five-seven years, chairperson says
Source: Reuters
2024-10-08 06:07:27 pm
MOIL gains on registering 7% rise in manganese ore production in April- September MOIL is currently trading at Rs. 367.15, up by 5.55 points or 1.53% from its previous closing of Rs. 361.60 on the BSE. The scrip opened at Rs. 393.30 and has touched a high and low of Rs. 393.30 and Rs. 357.00 respectively. So far 36151 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 588.35 on 08-Jul-2024 and a 52 week low of Rs. 207.05 on 09-Oct-2023. Last one week high and low of the scrip stood at Rs. 404.2...
MOIL gains on registering 7% rise in manganese ore production in April- September
MOIL gains on registering 7% rise in manganese ore production in April- September
Source: Accord Fintech
2024-10-08 12:00:00 pm
Russia seeks to boost coal exports to India Russia is interested in increasing coal exports to India to tap into growing demand for the fuel in the Asian country, Russian Deputy Prime Minister Alexander Novak said. China remains the biggest buyer of Russian coal but Moscow has said India may overtake it by the start of the next decade as Beijing plans cutbacks on coal usage for power generation. India has increasingly relied on coal to address record power demand, with the rise in coal-fired power output earlier this year outpaci...
Russia seeks to boost coal exports to India
Russia seeks to boost coal exports to India
Source: Reuters
2024-10-07 02:09:10 pm
Cumulative coal production clocks 5.85 pc growth in April-Sep: Centre Cumulative coal production reached 453.01 million tonnes (MT) in the first six months of FY25 as compared to 427.97 MT during the same period last fiscal, registering a growth of 5.85 per cent, the government said on Tuesday.   Coal production in the month of September reached 68.94 million tonnes, exceeding last year's production of 67.26 MT for the same month, reflecting a growth of 2.49 per cent, according to the Ministry of Coal.  Coal dispatch also saw notable growth ...
Cumulative coal production clocks 5.85 pc growth in April-Sep: Centre
Cumulative coal production clocks 5.85 pc growth in April-Sep: Centre
Source: IANS
2024-10-02 08:32:15 am
Output of eight core industries contracts 1.8% in August The Ministry of Commerce & Industry in its latest data has showed that the output of eight core industries contracted for the first time in nearly four years by 1.8 per cent in August 2024 due to decline in output of coal, crude oil, natural gas, refinery products, cement and electricity. In August 2023, the core sector’s output had grown 13.4 per cent and in July 2024, it had grown by 6.1 per cent. The Eight Core Industries - coal, crude oil, natural gas, refinery products, fe...
Output of eight core industries contracts 1.8% in August
Output of eight core industries contracts 1.8% in August
Source: Accord Fintech
2024-10-01 01:46:29 pm
NTPC gains as its arm enters into Joint Venture Agreement with MAHAPREIT NTPC is currently trading at Rs. 437.40, up by 3.00 points or 0.69% from its previous closing of Rs. 434.40 on the BSE. The scrip opened at Rs. 436.00 and has touched a high and low of Rs. 440.15 and Rs. 433.15 respectively. So far 438994 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 440.15 on 27-Sep-2024 and a 52 week low of Rs. 227.75 on 26-Oct-2023. Last one week high and low of the scrip stood at Rs. 440....
NTPC gains as its arm enters into Joint Venture Agreement with MAHAPREIT
NTPC gains as its arm enters into Joint Venture Agreement with MAHAPREIT
Source: Accord Fintech
2024-09-27 12:46:52 pm
Stock of the day : HINDALCO Ltd For Target Rs. 765 - Religare Broking HINDALCO Ltd * Metal sector is gaining significant traction, and HINDALCO is trading in line with this momentum. * The stock surpassed its multiple swing resistance levels and reclaimed new high after spending nearly 3 months in consolidation phase. * The price action and buoyancy in metal space suggests that the stock is set for its next leg of up move. * Thus, traders can consider longs in the mentioned range.   Buy HINDALCO Ltd CMP 718.45 Rang...
Stock of the day : HINDALCO Ltd For Target Rs. 765 - Religare Broking
Stock of the day : HINDALCO Ltd For Target Rs. 765 - Religare Broking
Source: Religare Broking
2024-09-26 10:29:13 am
Coal imports see marginal increase amid coal-based power generation surge: Centre Coal imports saw a marginal increase of 0.9 per cent, reaching 90.51 million tonnes (MT) in the April-July period of FY25, compared to 89.68 MT in the previous year to meet the current consumption landscape, the Centre said on Wednesday.  Despite a growth of 10.18 per cent in coal-based power generation from April to July 2024 compared to the same period last year, imports for blending purposes decreased by 8.2 per cent during the same period. “This decline underscores India&...
Coal imports see marginal increase amid coal-based power generation surge: Centre
Coal imports see marginal increase amid coal-based power generation surge: Centre
Source: IANS
2024-09-25 04:02:23 pm
Coal India trades higher on signing Joint Venture agreement with RRVUNL Coal India is currently trading at Rs. 503.65, up by 2.90 points or 0.58% from its previous closing of Rs. 500.75 on the BSE. The scrip opened at Rs. 506.85 and has touched a high and low of Rs. 506.85 and Rs. 501.55 respectively. So far 191294 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 544.70 on 26-Aug-2024 and a 52 week low of Rs. 281.20 on 25-Sep-2023. Last one week high and low of the scrip stood at Rs...
Coal India trades higher on signing Joint Venture agreement with RRVUNL
Coal India trades higher on signing Joint Venture agreement with RRVUNL
Source: Accord Fintech
2024-09-24 11:38:18 am
Stock of the day : Hindustan Copper Ltd For Target Rs. 345 - Religare Broking Hindustan Copper Ltd * The stock exhibited a strong rally with huge volumes from June 2022 to May 2024. * However, in sync with the sector's corrective phase, it retraced to the support of its previous breakout zone which coincides with 38.2% retracement level of the rally. * It formed a sturdy base while gradually inching higher with noticeable volumes. * The stock looks set to resume its uptrend and hence longs can be created in the mentioned range.   Buy ...
Stock of the day : Hindustan Copper Ltd For Target Rs. 345 - Religare Broking
Stock of the day : Hindustan Copper Ltd For Target Rs. 345 - Religare Broking
Source: Religare Broking
2024-09-20 11:39:59 am
Sandur Manganese & Iron soars on getting consent for operation for Manganese & Iron Ore mines Sandur Manganese & Iron is currently trading at Rs. 494.05, up by 10.80 points or 2.23% from its previous closing of Rs. 483.25 on the BSE. The scrip opened at Rs. 494.90 and has touched a high and low of Rs. 496.95 and Rs. 490.25 respectively. So far 9629 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 636.15 on 20-Jun-2024 and a 52 week low of Rs. 238.64 on 27-Sep-2023. Last one week high and low of the s...
Sandur Manganese & Iron soars on getting consent for operation for Manganese & Iron Ore mines
Sandur Manganese & Iron soars on getting consent for operation for Manganese & Iron Ore mines
Source: Accord Fintech
2024-09-20 10:55:46 am
India`s coal production clocks 5.85 pc growth, remains resilient  Despite adverse climatic conditions that challenged mining operations, India has registered 5.85 per cent growth in coal production in the current fiscal to date, further highlighting the sector’s efficiency and preparedness.  From April 1 till September 12, the Ministry of Coal achieved a remarkable upswing in coal production, reaching a provisional figure of 411.62 million tonnes (MT). This marks a significant increase from the 388.86 MT produced during the same perio...
India`s coal production clocks 5.85 pc growth, remains resilient
India`s coal production clocks 5.85 pc growth, remains resilient
Source: IANS
2024-09-15 10:18:13 am
9 captive, commercial mines to commence coal production in FY25: Centre Nine captive and commercial mines are expected to commence coal production in this fiscal, the government informed on Thursday.  As of August 31, 55 captive/commercial coal mines are in production. Of these, 33 mines are allocated to the power sector, 12 to the non-regulated sector, and 10 mines are allocated for the sale of coal, according to Coal Ministry statement. There has been significant growth in coal production and dispatch from captive and commercial mines in the April-Au...
9 captive, commercial mines to commence coal production in FY25: Centre
9 captive, commercial mines to commence coal production in FY25: Centre
Source: IANS
2024-09-12 05:58:24 pm
India`s Vedanta plans to expand nickel sulphate production, to tap overseas demand Indian metals-to-oil conglomerate Vedanta plans to step up nickel and nickel sulphate production and tap rising demand for EV battery materials in countries in northeast Asia, the company said on Thursday. "Vedanta Nico plans to expand its capacity for nickel and nickel sulphate production going forward," the company said in an emailed statement to Reuters, referring to its business unit. The company did not give details about production figures and investment numbers. Unli...
India`s Vedanta plans to expand nickel sulphate production, to tap overseas demand
India`s Vedanta plans to expand nickel sulphate production, to tap overseas demand
Source: Reuters
2024-09-12 01:58:41 pm
U.S. Natural Gas Output to Decline in 2024 While Demand Hits Record High, EIA Projects by Amit Gupta, Kedia Advisory The U.S. Energy Information Administration (EIA) forecasts a slight decline in natural gas production in 2024 to 103.4 billion cubic feet per day (bcfd), down from a record 103.8 bcfd in 2023. This would mark the first production drop since 2020, as lower prices have led producers to reduce drilling activities. Despite this, domestic demand is projected to rise to a record 89.9 bcfd, driven by increased consumption. Liquefied natural gas (LNG) exports are also set to grow to 12.1 bcfd in 2024...
U.S. Natural Gas Output to Decline in 2024 While Demand Hits Record High, EIA Projects by Amit Gupta, Kedia Advisory
U.S. Natural Gas Output to Decline in 2024 While Demand Hits Record High, EIA Projects by Amit Gupta, Kedia Advisory
Source: Kedia Advisory
2024-09-11 03:24:26 pm
Coal production sees 6.36 pc growth, shows positive trajectory: Centre India’s total coal production reached 384.07 million tonnes (MT) in the April-August period this fiscal, a growth of 6.36 per cent compared to 361.11 MT during the corresponding period of the previous year, the government said on Tuesday.  However, in August, overall coal production decreased slightly to 62.67 MT, down from 67.76 MT in August 2023, reflecting a 7.51 per cent decline, according to a statement by the Ministry of Coal. "India’s coal production and sup...
Coal production sees 6.36 pc growth, shows positive trajectory: Centre
Coal production sees 6.36 pc growth, shows positive trajectory: Centre
Source: IANS
2024-09-11 10:09:57 am
MOIL shines on registering 7% rise in manganese ore production in April-August MOIL is currently trading at Rs. 396.75, up by 8.50 points or 2.19% from its previous closing of Rs. 388.25 on the BSE. The scrip opened at Rs. 388.50 and has touched a high and low of Rs. 400.50 and Rs. 388.00 respectively. So far 85169 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 588.35 on 08-Jul-2024 and a 52 week low of Rs. 207.05 on 09-Oct-2023. Last one week high and low of the scrip stood at Rs. 409.1...
MOIL shines on registering 7% rise in manganese ore production in April-August
MOIL shines on registering 7% rise in manganese ore production in April-August
Source: Accord Fintech
2024-09-04 10:15:51 am
NMDC declines on reporting 10% fall in iron ore production during August NMDC is currently trading at Rs. 215.35, down by 1.05 points or 0.49% from its previous closing of Rs. 216.40 on the BSE. The scrip opened at Rs. 214.90 and has touched a high and low of Rs. 217.40 and Rs. 214.75 respectively. So far 98168 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 286.35 on 21-May-2024 and a 52 week low of Rs. 133.05 on 04-Sep-2023. Last one week high and low of the scrip stood at Rs. 230....
NMDC declines on reporting 10% fall in iron ore production during August
NMDC declines on reporting 10% fall in iron ore production during August
Source: Accord Fintech
2024-09-03 11:31:18 am
Centre launches Coal Mines Safety Portal to help achieve `Zero Accident`goal To assess the safety status of coal companies, Secretary, the Ministry of Coal, Amrit Lal Meena has reviewed the ongoing development of the National Coal Mines Safety Report Portal as part of the Zero Accident Goal fixed for the sector, according to an official statement issued on Saturday.  The review meeting was attended by the Chairman, Coal India Limited (CIL) and CMDs of subsidiaries of CIL, along with senior officials of the Ministry. Meena emphasised the necessity of conducting...
Centre launches Coal Mines Safety Portal to help achieve `Zero Accident`goal
Centre launches Coal Mines Safety Portal to help achieve `Zero Accident`goal
Source: IANS
2024-08-24 03:22:21 pm
Hindustan Zinc surges on the BSE Hindustan Zinc is currently trading at Rs. 518.40, up by 7.50 points or 1.47% from its previous closing of Rs. 510.90 on the BSE. The scrip opened at Rs. 512.50 and has touched a high and low of Rs. 519.00 and Rs. 512.50 respectively. So far 442151 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 807.00 on 22-May-2024 and a 52 week low of Rs. 285.00 on 15-Mar-2024. Last one week high and low of the scrip stood at...
Hindustan Zinc surges on the BSE
Hindustan Zinc surges on the BSE
Source: Accord Fintech
2024-08-22 02:53:18 pm
India's Hindustan Zinc nearly doubles dividend India's Hindustan Zinc on Tuesday nearly doubled its dividend to 19 rupees per share, totaling 80.28 billion rupees($958 million), a move that is expected to help group parent Vedanta Resources reduce its debt. Hindustan Zinc is majority owned by metals-to-oil conglomerate Vedanta Ltd, which in turn is owned by U.K.-based Vedanta Resources. The Indian government owns most of the remaining stake in Hindustan Zinc. Shares of the miner rose 3.5%, while those of its Indian parent Vedant...
India's Hindustan Zinc nearly doubles dividend
India's Hindustan Zinc nearly doubles dividend
Source: Reuters
2024-08-20 12:42:35 pm