Shares of NMDC fell over 4% on Thursday to the day’s low of Rs 197.15 on the NSE after Kotak Institutional Equities warned investors of sharp price cuts and earnings downgrade going ahead. The domestic brokerage trimmed its fair value to Rs 195 from an earlier Rs 205 while retaining a ‘Sell’ view. The valuations … Read more
The hunt for stock winners in the global race for green transition-linked minerals has found a new target: India’s miners. Shares of metals producers have outperformed local equity benchmarks this year on hopes that the firms will play a potential role in the country’s green agenda following the discovery of lithium deposits in the north. … Read more
The government will sell up to 7.49% equity in through an offer for sale on Tuesday where 3.49% will be sold through a green-shoe option. At floor price of Rs 165 per share, the government expects to raise over Rs 3,620 crore from the sale which will be open for retail as well as non-retail … Read more