Technical charts suggests that steel stocks are favourably placed on the charts, and could see a multi-month rally with a potential upside up to 24 per cent from here.
NMDC share price declined on the NSE and BSE on profit booking. Here is how analysts are interpreting the iron ore company's Q1 results, stock outlook
NMDC Steel shares spiked 18.8 per cent on Wednesday, August 13, 2025, logging an intra-day high at ₹42.7 per share on BSE, after the company posted its Q1 results
Blue Jet Healthcare stock: Strong in quality and earnings surprise, this stock indicates analyst optimism about its future performance.
NMDC, Godrej Agrovet, Amara Raja Energy and Concord Biotech witnessed a breakout on the daily chart in recent trading sessions; here's a likely technical outlook for these 4 stocks.
In Q4FY25, volume growth picked up. NMDC implemented price hikes in FY25. In future, volume pick-up and stable realizations will be key
NMDC stock price has been forming higher tops and higher bottoms on the daily chart.
Metal stock rally: The Nifty Metal index rose as much as 1.67 per cent to hit an intraday high of 9,185.20.
The northward move in the NMDC share price came on the back of the news that it has announced an interim dividend of Rs 2.30 per share for the financial year 2024-25
The Nifty Metal index was seen testing the 100-WMA (Weekly Moving Average) support for the third time in the last 4 weeks. Similarly metal stocks too are testing long-term supports; check levels here.
NMDC bonus shares: The deemed date of allotment shall be Monday, December 30, 2024
The decline in NMDC share followed reports suggesting that the Karnataka government is considering an increase in the duty on iron ore
State-owned insurer Life Insurance Corp of India (LIC) has pared its stake in iron-ore producer NMDC Ltd by 2 per cent, according to an exchange filing. After the stake sale, LIC's holding in the state-run iron ore mining company NMDC has dropped to 5.6 per cent from 7.6 per cent earlier. The insurer sold more than 5.91 crore shares or 2 per cent stake in NMDC through a series of market sales over a period spanning from September 2023 to December 2024, LIC said in a regulatory filing on Friday. LIC's holding in NMDC's equity shares carrying voting rights decreased from 22,31,79,025 shares, representing 7.6 per cent of the total voting capital, to 16,40,59,791 shares, accounting for 5.6 per cent, it added. Last month, LIC said it has sold more than 2.02 per cent stake in Tata Power for about Rs 2,888 crore and reduced its holding in the company to 3.88 per cent. Shares of NMDC on Friday fell 2.91 per cent to close at Rs 233.70 apiece on the BSE.
The Nifty Metal index, the top loser among sectoral indices, was down 2 per cent, as compared to the 0.35 per cent rise in the Nifty 50, at 9:53 AM.
Metal stock surged after China lowered the mortgage rate. At around 9:28 AM, Nifty Metal was up 1.23 per cent at 10,188.3
NMDC posted "best-ever yearly performance" in FY24 with iron ore production rising 10 per cent to cross 45 million tonnes and sales going up 16 per cent to touch 44.48 million tonnes mark, the company's CMD Amitava Mukherjee said on Tuesday. The nation has witnessed strong growth of 7 per cent year-on-year in iron ore output, with production increasing from 257 million tonnes in FY23 to an impressive 275 million tonnes in FY24, the CMD said while addressing NMDC's 66th Annual General Meeting (AGM). "I am delighted to share that NMDC has played a significant role in this achievement, securing a commendable 16 per cent market share. FY24, NMDC registered its best ever yearly physical performance as it produced 45.02 million tonnes and sold 44.48 million tonnes of iron ore," he said. The company recorded a 10 per cent growth in production and 16 per cent growth in sales compared to FY23 volumes, Mukherjee said. The performance translated into a strong financial performance earning a .
A dividend is a portion of a company's profit distributed to its shareholders, usually quarterly or annually, as a reward for investing in the company. Here is the full list of stocks that will trade
NMDC Steel, Network18 and Trident among 5 BSE A-group stocks that can fall up to 17%, suggest technical charts.
Country's largest iron ore miner NMDC on Monday reported a 9.9 per cent drop in production of iron ore at 3.07 million tonnes (MT) in August. The company had produced 3.41 MT of iron ore in the corresponding month of the previous fiscal, NMDC said in a regulatory filing. The company's sales also declined to 3.14 million tonnes in August this year, from 3.54 MT in the corresponding month of previous fiscal. The company's cumulative iron ore output fell to 14.43 MT in April-August 2024, from 16.56 MT in the year-ago period. Sales dropped to 16.27 MT in April-August period, from 17.43 MT in the corresponding period of previous fiscal.
Sun TV has witnessed a sharp run up and has been consolidating in a narrowing range since last three weeks