{
NMDC Limited

Companies

}
market turmoil as sensex plunges and new ipos gain traction
Transrail Lighting's IPO, valued at Rs 839 crore, was fully subscribed by Day 2, with a listing set for December 27. Meanwhile, the stock market faced significant losses, with the SENSEX plunging over 900 points, driven by declines in IT stocks and profit booking in Mobikwik shares after a recent rally. Other IPOs, including Mamata Machinery and Concord Enviro Systems, showed strong subscription rates, reflecting robust investor interest.
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United States Dollar Australian Dollar Japanese Yen New Zealand Dollar Canadian Dollar National Aluminium Company Limited RBL Bank Limited NMDC Limited Granules India Limited Manappuram Finance Limited Hindustan Copper Limited Bandhan Bank Limited PVR INOX Limited IND Show more
Finance & Economy, Market Report
02:40 20.12.2024
NMDC maintains hold rating with revised target amid pricing uncertainties
NMDC reported a revenue of Rs. 4,807 crore, reflecting a 19.7% year-on-year increase, though iron ore sales grew modestly by 1.8%. Despite a recent price hike of Rs. 1000/tonne, the outlook remains uncertain due to global iron ore price pressures. The stock is rated as a Hold with a target price of Rs. 240, supported by anticipated volume growth aligned with India's steel demand.
Moneycontrol
Indian Rupee NMDC Limited IND
Finance & Economy, Market Report
09:10 26.11.2024
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