Mining Sector

Hold MOIL Ltd For Target Rs. 140 - Emkay Global

Weak results; maintain Hold * Q3 sales/revenue/PAT missed our estimates by 19%/36%/45% as volumes and blended ASP came in below expectations. We believe that despite a..

National Aluminium Company Ltd : Strong quarter bu..

Sell National Aluminium Company Ltd For Target Rs. 37 - Emkay Global * While the topline was in line with our estimates of Rs24bn, EBITDA beat of 13% was driven by a 2..

Large Cap : Coal India Limited For Target Rs.155 -..

Decent performance; Outlook remains stable Coal India is one of the largest coal producers in the world with coal production 602mt in FY20 and a target of 1000mt by FY..

Reduce Vedanta Ltd For Target Rs. 137 - ICICI Secu..

Sustaining operational gains as market prices benefit Vedanta has reported in-line Q3FY21 EBITDA of Rs77.6bn. Intercompany loans to parent Vedanta Resources (VRL) stoo..

Momentum Pick - Buy Hindustan Zinc Ltd For Target ..

Momentum Pick - Buy Hindustan Zinc Ltd For Target Rs. 322 - HDFC Securities After showing a minor declines/sideways consolidation, the stock price has shift..

Coal India gains as its overall expenditure drops ..

Coal India is currently trading at Rs. 133.70, up by 1.40 points or 1.06% from its previous closing of Rs. 132.30 on the BSE. The scrip opened at Rs. 132.30 and has to..

Coal India slips on reporting 21% fall in Q3 conso..

Coal India is currently trading at Rs. 132.80, down by 1.05 points or 0.78% from its previous closing of Rs. 133.85 on the BSE. The scrip opened at Rs. 134.00 and has ..

NMDC reports 53% jump in Q3 net profit

The country's largest iron ore producer NMDC has reported a 53 per cent jump in its net profit in the October-December quarter on the back of smart recovery in ..

NMDC sets new production record amid pandemic

The National Mineral Development Corporation (NMDC), the country's largest iron ore producer, had registered its highest ever level of sales and production in January..

Momentum Pick - Buy BEML Ltd For Target Rs. 955 - ..

Momentum Pick - Buy BEML Ltd For Target Rs. 955 - HDFC Securities After showing a minor declines/sideways consolidation, the stock price has shifted into an..

NMDC Ltd : Iron ore shortage to drive earnings - ..

Buy NMDC Ltd For Target Rs.160 Iron ore shortage to drive earnings * NMDC has raised iron ore prices by Rs1,850/t since May. Meanwhile, primary steel producers too..