First I will go for Hind Copper. Hind Copper is now trading at Rs 128. The reason for picking this stock is that the demand for electric vehicles is increasing now. The latest news is that the company is acquiring or taking on lease a copper mine in Argentina.
Metal stocks rally up to 8% amid reports of steel price hike
However, as per Trendlyne data, the highest target price for Jindal Steel goes up to Rs 730, while the average target price estimate is Rs 510, a downside of 10% from the current market price of Rs 109. Out of the 23 analysts covering the stock, 15 have strong buy and buy ratings, two have hold ratings, and six have strong sell and sell ratings.
HINDUSTAN COPPER: CO TO PREPARE STRATEGY TO INCREASE PRODUCTION IN ITS BOARD MEETING TOMORROW MINISTRY OF MINES HAS ASKED THE COMPANY TO INCREASE COPPER ORE PRODUCTION TO REDUCE IMPORT DEPENDENCY: ET
Hot Stocks | Strides Pharma Science, Sunflag Iron & Steel, Hindustan Copper can give at least 15% return in short term, here's why
Hindustan Copper has broken out from the downward sloping trend line on its weekly charts. Volumes have been gradually rising along with the price rise.
Stocks in the news: Archean, Five Star, ONGC, Tata Motors, NMDC and Zomato
Archean Chemicals and Five Star Business Finance will make their Dalal Street debut on Monday after both company's issue aggregating to Rs 1,462 crore and Rs 1,960 crore, respectively were open between November 9-11.
Stocks in the news: Voda Idea, Ambuja Cements, Blue Dart, Hind Copper and Elgi Equipments
Mobile tower giant Indus Towers is learnt to have asked debt-ridden Vodafone Idea to clear outstanding dues and pay every month on time for continuity of business post-November.
Corporate Radar: Container Corporation, Monte Carlo, Force Motors to trade ex-dividend and more
Besides, Baba Arts will hold its AGM. For stocks like MCX India, PSP Projects, TD Power Systems and Vikas Eco, today is the record date for determining shareholders' eligibility for the dividend payout.
The wonder metal that could roil India's EV ambition
Electric vehicles (EVs) in India have seen a growth of CAGR of 205% and 149% domestic sales volumes in two-wheelers and four-wheelers respectively during FY20-FY22, but persistent concerns around raw material availability are set to dampen the demand scenario in the coming years.
Metal & mining stocks to face headwinds as China's export glut weighs on prices
Nomura said Indian steel mills cut HRC (hot rolled coil) prices for August by ₹3,500 per tonne to ₹58,500 from the previous month and CRC (cold rolled coil) by ₹2,500 per tonne to ₹66,000. The government in May had slapped an export duty of 15% on various steel products and imposed a 45% duty on iron ore pellets to rein in the prices.
If you are not a momentum player, Tata Elxsi is not for you: Deepak Shenoy
“Even in this last quarter, while TCS grew only 4-5%, Tata Elxsi grew more than 20%. So technically they are in a better space than the broad based IT companies. We own it as a momentum play. I am biased but I would be more wary if a new player was looking to come into this stock. If you are not a momentum player this stock is not for you.”
India wants to open up for lithium mining in batteries quest
Eight minerals, including lithium, beryllium and zirconium will be removed from a restricted list that currently prohibits production by private companies.
Govt may permit private miners to extract lithium for battery production
The Government is attempting to modify the law to permit private miners to collect lithium, a crucial component of batteries used in electric vehicles and energy storage, as the country strives to become more self-sufficient in green technologies. In wake of this action, the government is also aiming to reduce Indias dependence on imports for some key minerals while putting the country in a better position to compete in the lucrative battery supply chain.
Hindustan Copper surges 3% as board to mull raising Rs 500 crore
Hindustan Copper, incorporated in the year 1967, has a market cap of Rs 8,413.88 crore. Presently, the promoter group held a 66.14 per cent stake in the company as of March 31, 2022.
Adani Enterprise subsidiary raises Rs 6,000 crore loan to set up greenfield copper plant
The funds will go towards setting up a copper refining capacity of 0.5 million tonnes per annum (MTPA) as part of the phase 1 of the greenfield plant. The total planned capacity is 1 MTPA in two phases.
Hindustan Copper board to consider proposal to raise Rs 500 cr via debentures next week
The board will also consider raising funds through a qualified institutional placement method, it added.HCL is a public sector undertaking under the administrative control of the Ministry of Mines.
Big Movers on D-St: What should investors do with Hindustan Copper, Minda Industries and Tata Power?
Stocks that were in focus included names like Hindustan Copper which fell more than 9 per cent, Minda Industries which fell more than a per cent, and Tata Power which closed with losses of over 7 per cent on Monday.
Hind Copper posts net profit of Rs 89 cr in Q4, declares Rs 1.16 dividend
Hindustan Copper said its profitability has improved on account of dynamic marketing policy, effective procurement of services, reduction of loans and rise in LME prices
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