Stocks to Watch Today: SoftBank Group is likley to sell a 5 per cent stake in PB Fintech via block deal at a base price of Rs 440 per share on Friday.
The last date for submitting queries by interested bidders is December 29, 2022, and that for submission of bids is January 27, 2023 as per the expression of interest (EoI)
NMDC shares drop 5.3%; ONGC, Coal India and Bharat Electronics likely to see inflows of $31-46 million on account of the rebalancing
CLOSING BELL: The NSE Nifty50, held the crucial 16,400-mark to shut shop at 16,416, down 153 points
The overall rise in production was a pleasant surprise, given the lockdown in Q1FY21
Rally fuelled by global rise in iron prices; stock trading at P/E multiple of 13x
For the quarter ended June 2020, NMDC reported a 55 per cent slump in its net profit at Rs 533 crore.
Steel plant demerger, improved return ratios for mining business, high dividend yield key positives
However, with the onset of monsoon, the outlook for steel demand remains subdued in the September quarter
While domestic outlook was seen improving post recent iron ore price hikes and rising steel output, coronavirus could curb gains
rom Nifty option chain, the next support level for Nifty is seen at 12,000
Tata Steel, Vedanta and SAIL have seen sharp fall in their stock prices in the recent months.
Analysts see improving volumes, earnings growth ahead as Karnataka pricing issues resolve