Steel stocks such as Tata Steel Ltd., SAIL, NMDC Steel Ltd., Maharashtra Seamless rallied up to nearly 10% on Friday, February 21. This has resulted in the Nifty Metal index being among the few indices that are trading with gains, while most of the other indices are in the red. Here are some of the […]
Marketbuzz Podcast With Hormaz Fatakia: Nifty eyes gap-up start; Zomato part of the Sensex from today – CNBC TV18
Company Value Change %Change Hello and Welcome to the Marketbuzz Podcast on CNBC-TV18. Lets bring you up to speed with everything you need to be aware of before the day’s trading action. Nifty coming into today’s session on the back of its worst week of 2024 Wall Street handover, Asian market action may […]
SAIL Q2 profit drops sharply on steep decline in steel prices, muted demand – CNBC TV18
Steel Authority of India Ltd (SAIL) reported a decline in second-quarter profit on Thursday (November 7) as a sharp fall in steel prices and tepid demand weighed on the public sector firm’s quarterly performance. SAIL’s consolidated net profit dropped over 31% to ₹897.2 crore in the three months ended September 30, 2024. A year ago […]
Steel Stocks like JSPL, JSW Steel may rise up to 42% says DAM Capital – CNBC TV18
Brokerage firm DAM Capital has initiated coverage on four steel stocks, JSPL, JSW Steel, Tata Steel and Steel Authority of India (SAIL) and expects these stocks to rise up to as high as 42% over the next 12 months. DAM Capital has initiated coverage on JSPL with a “buy” recommendation and a price target of […]
JSW Steel submits notice to surrender lease of iron ore block in Odisha – CNBC TV18
JSW Steel has submitted a notice to surrender a mining lease for a block in Odisha, citing “uneconomic operation”. Jajang iron ore block in Keonjhar is one of the four iron ore mining leases that were acquired through an auction in 2020, JSW Steel said in a regulatory filing on Saturday. “JSW Steel due to […]