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Source: Live Mint Stock market today: Ahead of the dividend record date tomorrow, shares of Navratna public sector undertaking (PSU) NMDC traded on a flat note on Thursday, March 20. NMDC, earlier this week on March 17, announced an interim dividend of ₹2.30 per share and fixed the record date for Friday, March 21 to…
Source: Live Mint NMDC Ltd’s shares have declined about 20% since its December high, after the Karnataka (Minerals Rights and Mineral Bearing Land) Tax Bill, 2024, was passed by the state legislative assembly. The bill, pending the governor’s approval, substantially increases the royalty payable by mining companies. Even though NMDC, the largest iron ore producer…
Source: Live Mint While the Indian stock market rebounded from a sharp six-day sell-off in Tuesday’s trade, metal stocks experienced a significant decline, with many stocks in the Nifty Metal index dropping by as much as 4% after China’s leading economic planner failed to introduce further stimulus measures. As a result, the Nifty Metal index…
Source: Live Mint Stock Market Today: Nifty metal Index gained more that 2% during the intraday trades on Tuesday. While National Aluminium Company and NMDC were leading the gains having risen close to 5% and even above, Steel Authority of India Ltd Vedanta, Tata Steel, Hindalco were also not far behind. Even Hindustan Copper, Hindustan…
