Page 16 - Nmdc

NMDC: Pricing outlook signals more gains

Rising volumes, realisations can lead to strong stock returns

Steel firms to raise prices after NMDC hikes ore prices

The price of lumps has risen up by 7.2% this financial year and that of fines by 3.4%

Higher volumes to cushion NMDC, risks to pricing remain

Good volume growth and attractive valuations are keeping analysts positive on the stock

NMDC pauses on price cuts

In the current financial year so far, it has cut by 5.15%

Favourable winds for NMDC stock

After seeing a steep correction between February and June, the NMDC stock has rebounded 15 per cent to ~121 levels. More gains are likely.While the stock's correction was due to declining iron ore prices, recovery in prices and strong June quarter performance lifted sentiment. From highs of $90 a tonne in February, iron ore prices had fallen to $50 levels by June-end. The price is now close to $75 a tonne. Despite a correction in iron ore prices during the June quarter, profitability of NMDC improved. Earnings before interest, tax, depreciation and amortisation (Ebitda) per tonne, at ~1,628, surged 55 per cent year-on-year and 71 per cent sequentially. NMDC being able to hold on to the price hikes taken in the March quarter, despite declining iron ore prices, was one of the reasons for better profitability. The support came from strong demand as Karnataka auction prices increased 4-9 per cent, say analysts at Kotak Institutional Equities.The company also surprised with ...

Complete 3-mt NMDC steel plant by December: Parl panel to steel ministry

NMDC's Chhattisgarh plant was originally set to be completed by May 2015

Falling iron prices play spoilsport for NMDC

As revenues and profitability remain robust, lower international iron ore prices is an overhang

Lower iron prices a double whammy for NMDC

Declining international rates of iron ore pose risk to company's domestic sales as well as exports

NMDC iron ore production up 20% at 34 million tonnes

BS ReporterHyderabad, 3 April: Sale and production of iron ore by NMDC Limited has gone up by 23 percent and 20 percent respectively in the year ending March 31, 2017. However a similar growth in profitability is unlikely as the iron ore prices started firming only towards the second half of the financial year, according to the company sources.The company has achieved a total production of 34.07 million tonnes of iron ore in 2016-17 as compared to 28.57 million tonnes in the previous year while the sales volumes stood at 35.62 million tonnes as compared to 28.83 million tonnes in 2015-16, according to the company data."Though sales have increased by close to 7 million tonnes over the previous year, we expect a marginal improvement in profits because the company was able to raise the prices from October, 2016 on wards while in the previous months we were reducing the prices in line with global trends as well as the domestic demand," a company official told Business Standard. Taking ...

NMDC's Rs 18,000-cr steel plant may be completed by Dec

NMDC had invested Rs 1,222.65 cr till September 2016 to set up the integrated steel plant

NMDC in talks to acquire stake in Vietnam's tungsten mine

NMDC and defence PSU Midhani signed an MoU in last year to explore suitable tungsten assets in India

NMDC misses profit expectations

Profit growth may seem muted, but it was ahead of estimates if one-off transactions are excluded

NMDC Q3 net profit up 41% to Rs 595 crore on firm iron ore prices

Total income from operations up 65% at Rs 2,498 crore; expenses up 22% to Rs 1,526 cr

NMDC FY17 realisations to take a hit due to iron ore glut

As on July 2016, ore stockpiles at mines in Odisha and Jharkhand stood at 145 mn tonne, up 12% y-o-y

NMDC raises iron ore prices by up to 6.72%

Meanwhile, global prices of iron ore remained stable at around $70 a tonne

NMDC invests Rs 1,222 cr to set up Nagarnar steel plant

The plant is expected to start trial production by mid-2017

NMDC net profit dips 5.6% to Rs 771 crore

The decline was mainly due to the increase in selling expenses including freight outs

Posco, Tata Steel & others show interest in NMDC Bastar steel plan

The 3-mtpa steel project has been earmarked by the Centre for sale to strategic buyers

NMDC rallies on signing pact for minerals exploration in Madhya Pradesh

Thus far in October, the stock up 23% post closure of share buyback offer, as compared to 0.11% rise in Sensex.

Multiple triggers for NMDC stock

Increase in prices as well as volumes a positive