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Business Standard
18 minutes ago
- Business Standard
NMDC Steel shares jump 19% in trade; what's boosting investor interest?
NMDC Steel shares spiked 18.8 per cent on Wednesday, August 13, 2025, logging an intra-day high at ₹42.7 per share on BSE. The stock was in demand after the company released its June quarter (Q1FY26) results on Tuesday, post-market hours. At 11:06 AM, the NMDC Steel share price was trading 18.43 per cent higher at ₹42.54 per share. In comparison, the Sensex was 0.3 per cent higher at 80,476.25. NMDC Steel Q1 results NMDC Steel reported a net profit of ₹25.56 crore for Q1FY26, compared to a net loss of ₹547.25 crore in the year-ago period. Revenue from operations rose 66.3 per cent year-on-year (YoY) to ₹3,365 crore in Q1FY26 from ₹2,023 crore in Q1FY25. Its total income for the quarter under review came in at ₹3,349.08 crore, as against ₹2,815.74 crore year-on-year (Y-o-Y). Promoters of NMDC Steel have a 60.79 per cent stake in the company at the end of the June quarter. Mutual Funds do not have a significant stake in the company, although Life Insurance Corporation of India (LIC) had a 14 per cent stake in NMDC Steel at the end of the June quarter. Foreign Portfolio Investors (FPIs) had a stake over 4 per cent in NMDC Steel. Check List of Q1 results today About NMDC Steel NMDC Steel Limited is a state-owned company under the administrative control of the Ministry of Steel, Govt of India. The company owns and operates 3.0 MTPA steel plant at Nagarnar, Chhattisgarh. The steel plant has been built at a cost of approximately ₹24,000 crore and is set to establish its mark in the Hot Rolled market with its repertoire of high-grade Hot Rolled steel that is slated to meet the requirements of several key consuming sectors on the strength of its technology that includes its most modern Mill. The product mix of Nagarnar Steel Plant consists of low carbon steel, HSLA & Dual Phase Steel and API quality steel that can be rolled in to thickness range from 1mm to 16 mm.
Economic Times
an hour ago
- Economic Times
Indian economy not slowing, early to assess tariff impact on GDP, chief economic advisor says
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The Hindu
an hour ago
- The Hindu
Stock markets climb in early trade as steady U.S. inflation data fuel global rally
Equity benchmark indices Sensex and Nifty climbed in early trade on Wednesday (August 13, 2025) as steady U.S. inflation data propelled a sharp rally in global markets. Besides, retail inflation slowing to an 8-year low of 1.55% in July also led to the positive trend in domestic equities. The 30-share BSE Sensex climbed 327.79 points to 80,563.38 in early trade. The 50-share NSE Nifty edged up by 112.15 points to 24,599.55. From the Sensex firms, Bharat Electronics, Tata Motors, Power Grid, Tata Steel, Eternal and Infosys were among the gainers. However, Maruti, Tech Mahindra, HCL Tech and Bajaj Finserv were among the laggards. Retail inflation slowed to an 8-year low of 1.55% in July, falling below the Reserve Bank's comfort zone for the first time since January 2019, helped by subdued prices of food items, according to government data released on Tuesday (August 12, 2025). "Nifty and Bank Nifty traded with a bullish undertone as positive cues from lower CPI readings in India and steady U.S. inflation boosted sentiment," Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd, said. In Asian markets, South Korea's Kospi, Japan's Nikkei 225 index, Shanghai's SSE Composite index and Hong Kong's Hang Seng were trading in positive territory. The U.S. markets ended significantly higher on Tuesday. "The Trump-Putin talks may provide a positive trigger, but there is no certainty about it," V.K. Vijayakumar, Chief Investment Strategist, Geojit Investments Limited, said. Global oil benchmark Brent crude went up by 0.06% to $66.16 a barrel. Foreign Institutional Investors (FIIs) offloaded equities worth ₹3,398.80 crore on Tuesday, according to exchange data. On Tuesday, the Sensex dropped 368.49 points or 0.46% to settle at 80,235.59. The Nifty went lower by 97.65 points or 0.40% to 24,487.40.
