NMDC has appointed new consultant for the fifth line of screening and the downhill conveyor augmentation project at Bacheli mine, which is expected to be ready in the current year and add about 2.5 MT of production.
Sharekhan recommended Hold rating on NMDC with a target price of Rs 122 in its research report dated August 08, 2022.
Motilal Oswal recommended Neutral rating on NMDC with a target price of Rs 124 in its research report dated August 07, 2022.
ICICI Direct is bullish on NMDC has recommended buy rating on the stock with a target price of Rs 135 in its research report dated August 07, 2022.
The momentum could get concentrated to fewer stocks and sectors and hence, traders need to be very selective in stock picking for trading, expert advises
The Indian government announced steep tariffs on eight steel items as well as iron ore and pellets in May to curb inflation.
Driven by strategic imperatives, the country's largest iron ore mining company NMDC forayed into pellet making and the integrated steel plant at Nagarnar near Bastar in Chattishgarh
Net Sales are expected to increase by 30.9 percent Y-o-Y (down 32.9 percent Q-o-Q) to Rs. 4,497.2 crore, according to Prabhudas Lilladher.
The demerger of NSP from NMDC is progressing, Deb who was in the national capital, told PTI.
Investors need to watch out for the demerger of the steel plant for NMDC
The Centre is aiming to complete the demerger of NSP from MMDC within the next four to five months, according to an official document.
In May, the government had waived customs duty on the import of some raw materials including coking coal and ferronickel, which helped reduce prices.
State-owned NMDC had clocked Rs 2,835.54 crore net profit during the January-March quarter of 2020-21, the company said in a regulatory filing.
Net Sales are expected to increase by 2 percent Y-o-Y (up 18 percent Q-o-Q) to Rs. 6,956 crore, according to ICICI Direct.
Motilal Oswal is bullish on NMDC recommended buy rating on the stock with a target price of Rs 220 in its research report dated April 12, 2022.
The price hike came at a time when steel prices in India are trading at an all-time high. Iron ore is one of the key raw materials used in the manufacturing of steel, and any movement in the prices of the mineral has a direct impact on the rate of steel.
New Delhi, Mar 19 State-owned miner NMDC on Saturday announced that it has touched a record iron ore production of 40 million tonnes (MT) in ..
Investors tracking NMDC need to watch out for steel plant de-merger timelines, proper commissioning
Traders can look to buy Granules India on a decline at around Rs 305 for a near-term target of Rs 322. The stoploss can be placed at Rs 294
Motilal Oswal is bullish on NMDC recommended buy rating on the stock with a target price of Rs 216 in its research report dated March 08, 2022.
Balrampur Chini Mills has broken out from the downward sloping channel on the daily line chart. Sugar sector has been showing strength for last many months and the same is expected to continue in the coming days. Indicators and oscillators have been showing strength in the current uptrend. Stock is placed above important moving averages.
Sharekhan is bullish on NMDC has recommended buy rating on the stock with a target price of Rs 200 in its research report dated March 04, 2022.