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NMDC’s rally may be about more than iron-ore price hikes
A fresh bump in ore prices has lifted the miner’s stock, yet record output, a 100-MT expansion plan and a pivot towards critical minerals may matter more for the longer-term rerating.
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.
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 06: Zydus Wellness, Trent, Gravita India, RBL Bank, BSE NMDC among top gainers - Mint
Top Gainers & Losers on April 06: Zydus Wellness, Trent, Gravita India, RBL Bank, BSE NMDC among top gainersMint
Top Gainers & Losers on April 06: Zydus Wellness, Trent, Gravita India, RBL Bank, BSE NMDC among top gainers
On April 6, the Indian stock market reversed early losses, fueled by a ceasefire plan between Iran and the U.S. The Nifty 50 and Sensex each rose over 1%, with Zydus Wellness seeing a significant 15% spike in shares, the largest in 17 years.
NMDC climbs after hiking iron ore prices
Shares of NMDC rose 4.64% to Rs 81.60 after the company announced a sharp increase in iron ore prices.
NMDC hikes iron ore prices by up to 11.1% effective April 5
In a pivotal move, NMDC, the state-owned giant, is set to hike iron ore prices effective April 5, 2026. Following an unprecedented production year with record outputs from its flagship mines, the prices for Baila Lump and Baila Fines will see an increase. This adjustment is expected to ripple through the steel manufacturing sector, affecting raw material costs significantly.
NMDC shares gain 5% on iron ore price hike; Morgan Stanley flags strong tailwinds
NMDC shares gained 5% after sharp iron ore price hike. Morgan Stanley has cited strong pricing tailwinds but warned on China reforms and Simandou supply risks. The company announced hike of ₹500 per tonne for lumps and ₹450 per tonne for fines.
NMDC March iron ore production jumps 51% YoY to 5.35 mt; sales rise 40%
NMDC reports March iron ore output up 51% to 5.35 mt and sales up 40 percent to 5.90 mt, FY production 53.15 mt, shares rise 2.58% to 78.24 on NSE
Stocks to Watch for March 17: Reliance Industries, Sun Pharma, Tata Motors CV, RVNL and more
From Tata Motors planning to increase the prices of its commercial vehicle range by up to 1.5% to GMDC signing a memorandum of understanding with NMDC Ltd, here are some stocks to watch ahead of Tuesday trading session.
RVNL bags ₹95 crore contract from NMDC for track refurbishment in Chhattisgarh
Rail Vikas Nigam Ltd secures a ₹95.27 crore contract from NMDC Ltd for railway track refurbishment in Chhattisgarh. Shares of Rail Vikas Nigam Ltd ended lower on Monday, March 16, by 1.68% at ₹266.70 on the NSE.
GMDC, NMDC sign pact to explore rare earth development in Gujarat
The partnership will focus on assessing the potential development of an integrated rare earth value chain in Gujarat, covering exploration, mining, beneficiation, processing and downstream applications.