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Hindalco Over Tata Steel, NMDC: UBS Chooses Its Metal Of The Moment; Check Top Picks
The brokerage launched coverage on eight companies with Buy ratings on Hindalco, NALCO and Coal India, Neutral ratings on Tata Steel, JSW Steel and Jindal Steel, and Sell ratings on SAIL and NMDC.
Ahead of Market: 10 things that will decide stock market action on Tuesday
Benchmark indices Sensex and Nifty fell for a fourth straight session amid elevated crude oil prices, geopolitical tensions and persistent selling pressure. Market breadth remained weak, technical indicators turned bearish, while select stocks including Wockhardt and NMDC Steel attracted buying interest and hit fresh highs.
NMDC Steel shares jump 18% after Q4 profit turnaround; hits 20-month high
NMDC Steel shares surged 18% to ₹52.60, hitting a 24-month high after reporting a strong financial turnaround for Q4FY26, with a net profit of ₹391.9 crore and revenue growth of 36.7%. For FY26, net profit was ₹58.7 crore, reversing previous losses.
NMDC Steel shares jump 18% to 52-week high after return to profit in Q4 and FY26
NMDC Steel shares surged nearly 18% to a 52-week high after reporting a significant turnaround in FY26 earnings. The company returned to profitability with a net profit of Rs 391.91 crore in Q4 FY26, a stark contrast to last year's loss. Revenue also saw substantial year-on-year growth, boosting investor confidence.
Five Stocks To Buy: NMDC, Tata Steel, Varun Beverages And More | May 15, 2026
Top picks include a consensus buy on NMDC, alongside Zydus Lifesciences, Varun Beverages (VBL), Max Healthcare, and Tata Steel.
Stocks to Buy: Goldman Sachs bets on metal stocks, sees up to 30% upside; NMDC gets 'sell'
The domestic steel industry is transitioning from a cyclical to a more structural growth phase, with strong domestic demand expected to drive the next leg of expansion, brokerage firm Goldman Sachs wrote in its note on metals.
Top Gainers & Losers on April 07: Wipro, NMDC Steel, Vedanta, Zen Tech, Jindal Steel, HCL Tech among top gainers - Mint
Top Gainers & Losers on April 07: Wipro, NMDC Steel, Vedanta, Zen Tech, Jindal Steel, HCL Tech among top gainersMint
Top Gainers & Losers on April 07: Wipro, NMDC Steel, Vedanta, Zen Tech, Jindal Steel, HCL Tech among top gainers
On April 6, the Indian stock market gained, with the Nifty 50 up 0.68% to 23,123 and the S&P BSE Sensex rising 0.69% to 74,616. Nifty IT led sector gains at 2.5%, while PSU banks fell by 0.72%. Investors await the RBI policy decision.
Trade Spotlight: How should you trade NMDC Steel, Aditya Birla Fashion, Lodha Developers, RBL Bank, HDFC Life Insurance, and others on May 8?
Consolidation with range-bound trading is likely to continue until the indices trade below the April high. Below are some short-term trading ideas to consider.
Taking Stock: Sensex rises 383 points, Nifty tops 23,400 as IT shares surge
More than 100 stocks touched their 52-week high on the BSE, including ACME Solar, IFCI, PTC Industries, HFCL, NMDC Steel, NMDC, among others.