"When stocks move from under ownership to adequate ownership, prices spurt," said VK Vijayakumar, chief investment strategist at Geojit Financial Services. "The sudden change in earnings and improving prospects have led to a market re-rating which has resulted in spurt in stock prices."
Hot Stocks: Here's why you should bet on NMDC, Tata Communications, MCX India for healthy returns
NMDC on the daily chart has surpassed its previous swing high with a sharp surge in volumes. The momentum indicator RSI has given a positive crossover on the daily chart, confirming the buy signal.
ETMarkets Smart Talk: Infra, railways, defense among top 5 themes to shine ahead of Budget 2023: Raghvendra Nath
The year 2022 has been both challenging and rewarding for investors. Throughout the year, and especially in December, investors have faced excessive volatility, with the market witnessing significant spikes and dips on the back of a number of positive and negative cues.
Fundamental Radar: Multiple triggers make NMDC a value buy; here’s why
The measures come after a six-month imposition and at a time when steel demand and pricing has taken a hit due to the global economic slowdown, and escalated Covid situation in China.
After quick multibagger returns, will these stocks turn into long-term misery for you?
Many of the privately-run companies have been rightly priced (if not overpriced), and from a long-term perspective, while you want to keep your “core” portfolio around better-run private companies, the "satellite” part can still be favoured towards PSU stocks, Ahmed added.
Steel sector – Export duty cut a welcome step but with limited benefits
Experts suggest it would not be correct to state that the imposition of export duty was the only key reason for correction in domestic steel prices. It should be noted that prices were already in correction mode when the export duty was imposed.
#NMDC - The stock has given a breakout from rounding bottom and its long term resistance levels. The next stiff resistance for the stock is at 124 levels.
NMDC a strong re-rating candidate; offers a potential upside of 19%: Kotak Institutional
The company, to push volumes in the second half of the financial year 2023, has cut iron ore prices sharply, the brokerage noted. The report said the company has been facing a dent in sales with a decline of 12% year-on-year YTD due to poor offtake from steel producers.
NMDC plunges 5% after Q2 profit declines 62%; Citi downgrades stock
The company's total income fell 45.44% to Rs 3,754.77 crore in the second quarter of the current financial year from Rs 6,882.44 crore in the year-ago period. During the same period, expenses also fell 31.34% at Rs 2,569.63 crore against Rs 3,742.64 crore.
SGX Nifty up 40 points; here's what changed for market while you were sleeping
Stocks on Wall Street rose for the second day on Friday and notched strong weekly gains as data showing a lesser than anticipated rise in inflation last month strengthened prospects for a slowdown in the pace of rate hikes by the Federal Reserve. Technology stocks were among the lead gainers.
How to trade Nifty and Nifty Bank in the new weekly series
Bank Nifty option chain on weekly basis, reflects on PE writers building positions of more than 40 thousand contracts at various strikes from 40000PE, with CE writers adding exposure at 41500/42000 strikes- more than 60 thousand and 50 thousand contracts respectively, which reflects on the immediate resistance at 42000 zones for the index.
NMDC falls on profit booking. Should you buy the stock?
The Street is very optimistic about the resulting entity. NMDC Steel would be valued at about Rs 35-40 per share for a greenfield plant capacity of 3 MTPA, said Prashanth Tapse, Research Analyst, Mehta Equities. "Overall we remain neutral on the stocks."
The record date for the same is fixed as Friday, October 28, which means that investors holding the delivery of shares as of the given date would be eligible for the stake in the new entity. Investors, who bought the shares on Tuesday, October 25, will also be eligible for the shares of the new entity, holding the steel business.
NMDC-Trending in Uptrend and going beautifully Perfect Doji at Lower Channel , what a lovely Positional Setup.
One can make a Stop loss at low of thsi candle that would be around 128-128.15 can wait for NMDC to touch the middle and upper line of Uptrending Channel
NMDC to separately list steel biz; last day to buy stock to qualify for emerged shares
The eligible investors will get one share of NDMC Steel of the face value of Rs 10 each, for every share of NDMC of the face value of Re 1 each. Any investor, buying shares after Tuesday, October 25, will not be eligible for the shares of NDMC Steel and would need to buy them from the open market. Stock markets will observe a holiday on Wednesday.
NMDC fixes record date for NMDC-NMDC Steel demerger
The Board of Directors of the Company, at their meeting held on 13.10.2022, fixed the record date as Friday, the 28th day of October 2022, for the purpose of identification of shareholders of the Demerged Company to whom the shares of the resulting company, would be required to be issued and allotted by the resulting company pursuant to the Scheme,” said the filing with the exchange.
In a late evening communique to bourses on October 11, NMDC said it has received the orders of the MCA on Tuesday and that it was in the process of complying with the requirements as envisaged in the ministry’s order.
How to trade Nifty & Nifty Bank in new weekly series
Niftys coming week expiry option chain reflects on PE writers actively adding their positions all the way till 15,000 strikes - overall more than 30 thousand contracts each, with CE writers standing tall at 17,400/17,500 zones, with over 60 thousand contracts each.