{
NMDC Limited

Companies

}
001122334455554433221100
001122334455554433221100

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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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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