Rise in coking coal prices, china's modest GDP growth outlook to dampen metal sector rally: Motilal Oswal

According to the brokerage, the domestic demand for steel in India is robust. The 4Q of the current fiscal year is the strongest quarter for steel demand.

NMDC post demerger: Here's why these 3 brokerages see an upside of up to 59%

NMDC has demerged its steel asset as a separate company NMDC Steel whose shares have been listed on the stock exchange on February 20, 2023.

Earnings Impact: NMDC Ltd's shares down over 4% after weak Q2FY23 earnings

The country’s largest iron ore producer NMDC's net profit for the September quarter slumped 62% on year to 889 crores from 2,342 crores, down 40% QoQ.

<ul><li>The country’s largest iron ore producer NMDC's net profit for the September quarter slumped 62% on year to 889 crores from 2,342 crores, down 40% QoQ.</li></ul>

NMDC: Kotak Securities upgrades the stock with a nearly 12% upside; here's the reason

<ul><li>The brokerage firm increased NMDC’s earnings per share (EPS) to ₹17.1/14.9/12.3 (from ₹16.4/12.7/9.8) factoring nearly 5% premium to export parity and reduced capex from FY2024-25E assuming deconsolidation of steel plant.</li></ul>

NMDC hikes lump ore rate to ₹4,100 per tonne; shares rise

In its last price revision announced on July 12, NMDC had slashed the prices of lump ore and fines by ₹500 per tonne each to ₹3,900 and ₹2,810, respectively.

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Rise in coking coal prices, china's modest GDP growth outlook to dampen metal sector rally: Motilal Oswal

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