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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.
Top Gainers & Losers on June 1: PTC Industries, NMDC Steel, Saregama India, Welspun Living, among top gainers - Mint
Top Gainers & Losers on June 1: PTC Industries, NMDC Steel, Saregama India, Welspun Living, among top gainersMint
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 reports standalone net profit of Rs 391.91 crore in the March 2026 quarter
Sales rise 36.67% to Rs 3879.00 crore
NMDC Steel spurts as Q4 profit rebounds
NMDC Steel surged 13.77% to Rs 50.72 after the company reported a sharp turnaround in its March quarter earnings, aided by higher sales.
NMDC Steel zooms 18%, hits 52-week high on posting strong Q4 results
In the March quarter, NMDC Steel reported a consolidated net profit year-on-year (Y-o-Y) of ₹391.91 crore, as compared to a net loss of ₹473.39 crore
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.
NMDC Q4 profit jumps 36% as iron ore and steel business powers growth
Revenue surges 62% YoY to ₹11,343 crore, while shares close over 4% lower ahead of earnings announcement
Q4 Earnings Live Updates: Steel Strips Profit Remains Flat; Aegis Logistics Revenue Surges 52%
Asian Paints, IndiGo, NMDC, Glenmark Pharmaceuticals among the companies to report Q4 earnings today.
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.
NMDC hikes iron ore prices by Rs 200 tonne
State-owned NMDC has raised iron ore lump and fines prices by Rs 200 per tonne, effective immediately. Baila lump ore is now priced at Rs 5,500 per tonne and fines at Rs 4,700 per tonne. This price hike, exclusive of various taxes and fees, will impact steel manufacturing costs.