Latest news with #MishraDhatuNigam
Mint
23-06-2025
- Business
- Mint
Breakout stocks to buy or sell: Sumeet Bagadia recommends five shares to buy today — 23 June 2025
Breakout stocks buy or sell: India's benchmark stock indices snapped a three-day losing streak on Friday, ending over 1% higher, supported by short-covering ahead of the monthly derivatives expiry and improved market sentiment after US President Donald Trump deferred his decision to back Israel's strike on Iran. The Sensex opened at 81,354.85, just below its previous close of 81,361.87, before rallying 1,133 points (1.4%) to touch an intraday high of 82,494.49. Similarly, the Nifty 50 started at 24,787.65, slightly lower than its previous close of 24,793.25, and rose 1.4% to reach an intraday high of 25,136.20. Sumeet Bagadia, Executive Director at Choice Broking, believes that Indian stock market sentiment has improved after the sharp rally on Friday. Speaking on the outlook of Indian stock market, Bagadia said, ' The Nifty 50 index is above 25,000 and the key benchmark index is set to touch 25,400 and 25,650 in short term. The index has made crucial base at 24,800. So, one should maintain stock-specific approach and look at those stocks that are looking strong on the technical chart. Looking at breakout stocks can be a good option." Sumeet Bagadia recommends five breakout stocks to buy today: Aeroflex Industries, Mishra Dhatu Nigam, Tourism Finance Corporation of India, Ask Automotive, and Gillanders Arbuthnot & Co. 1] Aeroflex Industries: Buy at ₹ 204.47, target ₹ 219, stop loss ₹ 197; 2] Mishra Dhatu Nigam: Buy at ₹ 443.30, target ₹ 480, stop loss ₹ 427; 3] Tourism Finance Corporation of India: Buy at ₹ 233.19, target ₹ 250, stop loss ₹ 225; 4] Ask Automotive: Buy at ₹ 471.30, target ₹ 505, stop loss ₹ 454; 5] Gillanders Arbuthnot & Co: Buy at ₹ 143.04, target ₹ 153, stop loss ₹ 138. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
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Business Standard
29-05-2025
- Business
- Business Standard
This Miniratna defence PSU share price is up 6% in trade today; here's why
Mishra Dhatu Nigam share price: State-owned Mishra Dhatu Nigam Limited (MIDHANI) shares were in demand on Thursday, May 29, 2025, with the scrip rising as much as 6.27 per cent to hit an intraday high of ₹444 per share. At 10:40 AM, Mishra Dhatu Nigam share was off day's high, and was trading 3.40 per cent higher at ₹432 per share. In comparison, BSE Sensex was trading flat with a positive bias at 81,366.01 levels. Why did Mishra Dhatu Nigam share price rise in trade today? Mishra Dhatu Nigam share price rose after the company posted healthy results in the March quarter of financial year 2025 (Q4FY25) results. In a statement, the company announced its highest-ever quarterly turnover of approximately ₹410.56 crore in Q4FY25, marking a 1.25 per cent increase from ₹405.50 crore reported in the same quarter last year. The Value of Production (VoP) for the quarter stood at around ₹329.16 crore, up 16.78 per cent from ₹281.87 crore in the corresponding period of the previous year. The company's Profit Before Tax (PBT) came in at ₹77.16 crore, registering a 19.31 per cent growth from ₹64.67 crore in Q4FY24. Profit After Tax (PAT) also rose 21.04 per cent to ₹56.14 crore compared to ₹46.38 crore in the year-ago quarter. For the full financial year FY25, Mishra Dhatu Nigam recorded its highest-ever annual turnover at approximately ₹1,074.10 crore, a slight increase of 0.13 per cent from ₹1,072.67 crore in FY24. However, the annual Value of Production declined to ₹1,065.62 crore from ₹1,147.64 crore in the previous year. Despite this, earnings before interest, tax, depreciation and amortisation (Ebitda) for FY25 improved 11.10 per cent to ₹248.97 crore from ₹224.09 crore in FY24. Annual Profit Before Tax rose 19.15 per cent year-on-year (Y-o-Y) to ₹156.04 crore, while Profit After Tax grew 20.61 per cent to ₹110.07 crore, compared to ₹130.96 crore and ₹91.26 crore, respectively, in FY24. As of April 15, 2025, the company's order book stood at approximately ₹1,832 crore. About Mishra Dhatu Nigam Mishra Dhatu Nigam Limited (MIDHANI), established in 1973 under the Ministry of Defence, Government of India, is a premier manufacturer of high-performance materials for strategic sectors. Commissioned in 1982, its Hyderabad production unit was set up to ensure self-reliance in the supply of critical materials like superalloys, special steels, soft magnetic alloys, and titanium alloys—essential for Defence, Space, Aeronautics, and Energy applications. With nearly five decades of expertise, MIDHANI has grown into a key player in the production of special metals and alloys, including being the sole producer of titanium alloys in India. Its advanced manufacturing facilities support a wide range of complex requirements, making MIDHANI a vital contributor to national strategic programmes and a strong contender in global markets.
Business Standard
29-05-2025
- Business
- Business Standard
Mishra Dhatu Nigam consolidated net profit rises 21.28% in the March 2025 quarter
Sales rise 3.31% to Rs 406.09 crore Net profit of Mishra Dhatu Nigam rose 21.28% to Rs 56.20 crore in the quarter ended March 2025 as against Rs 46.34 crore during the previous quarter ended March 2024. Sales rose 3.31% to Rs 406.09 crore in the quarter ended March 2025 as against Rs 393.08 crore during the previous quarter ended March 2024. For the full year,net profit rose 20.77% to Rs 110.84 crore in the year ended March 2025 as against Rs 91.78 crore during the previous year ended March 2024. Sales rose 2.09% to Rs 1052.79 crore in the year ended March 2025 as against Rs 1031.19 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 406.09393.08 3 1052.791031.19 2 OPM % 22.9920.45 - 20.7118.83 - PBDT 93.5780.10 17 220.29190.03 16 PBT 77.2264.64 19 156.81131.48 19 NP 56.2046.34 21 110.8491.78 21
Mint
29-05-2025
- Business
- Mint
Mishra Dhatu Nigam share price soars over 6% to 9-month high after Q4 earnings, up 42% in May
Mishra Dhatu Nigam share price in focus: Mini-Ratna Defence PSU Mishra Dhatu Nigam's share price jumped 6.2% in early morning trade on Thursday, May 29, hitting a 9-month high of ₹ 444 apiece, as investors cheered the company's March quarter performance, which was released post-market hours on Wednesday. The company achieved its highest-ever quarterly turnover of ₹ 410 crore during the fourth quarter of FY 2024-25, registering a growth of 1.25% compared to ₹ 405 crore recorded in the corresponding quarter of the previous year. The Value of Production (VoP) during Q4 FY 2024-25 stood at ₹ 329 crore, reflecting a growth of 16.78% compared to ₹ 281 crore in the same period last year. For the full FY 2024-25, VoP came in at ₹ 1,065 crore, compared to ₹ 1,147 crore in FY 2023-24, indicating a slight decline. The net profit during the reporting quarter soared to ₹ 56.14 crore, marking a growth of 21.04% YoY, while the net profit for the full financial year FY 2024-25 jumped by 21% YoY to ₹ 110 crore. For FY25 as well, the company achieved its highest-ever turnover of ₹ 1,074 crore, while the EBITDA for the fiscal year improved to ₹ 248 crore, registering a growth of 11.10% compared to ₹ 224.09 crore in the previous fiscal year. The company's order book position, as of April 15, 2025, stood at approximately ₹ 1,832 crore. Amid a strong surge in demand for defence stocks—triggered by India's launch of 'Operation Sindoor'—Mishra Dhatu Nigam's share price has witnessed a sharp rally on Dalal Street, gaining 42% so far in May and rising nearly 60% over the past three months. Despite the impressive run, the stock still trades 21% below its all-time high of ₹ 547 apiece, recorded in February 2024. Mishra Dhatu Nigam manufactures superalloys, titanium, special-purpose steel, and other advanced metals. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before taking any investment decisions.
Mint
28-04-2025
- Business
- Mint
Mishra Dhatu Nigam shares: What's behind the 8% rally in Miniratna defence PSU's stock today?
Miniratna defence PSU stock Mishra Dhatu Nigam surged a whopping 8% in intraday trade on Monday, April 28, following the appointment of a new chairman and managing director. A sharp rally in other defence counters in trade today also powered Mishra Dhatu Nigam shares today. Dr. S.V.S. Narayana Murty assumed charge as the Chairman & Managing Director of Mishra Dhatu Nigam today, April 28 and will remain at the helm of the defence PSU company till December 31, 2029. The company first intimidated regarding his appointment on April 15, 2025. 'Department of Defence Production, Ministry of Defence vide its letter dated April 15, 2025 conveyed appointment of Dr. S.V.S. Narayana Murty as Chairman & Managing Director of the Company in the pay scale of ₹ 1,80,000 — 3,20,000/- (IDA Pattern) with effect from date of assumption of charge of the post till the date of superannuation i.e. December 31, 2029 or until further orders whichever is earlier,' Mishra Dhatu Nigam said in an exchange filing on April 25. Dr. S.V.S. Narayana Murty, aged 55 years, holds many accolades. He had a B.E. from Andhra University, Visakhapatnam and an M.E. from IISc, Bangalore along with a Ph.D. from IIT-Bombay in Metallurgical Engineering. Murty completed his post-doctoral research at the Steel Research Centre, National Institute for Materials Science (NIMS), Japan (2003–2006). He joined the Vikram Sarabhai Space Centre (VSSC), Trivandrum in 1993, contributing to the development of ultrahigh-strength steels, titanium alloys, superalloys, and aluminium alloys. Prior to joining Mishra Dhatu Nigam, he was working at the Liquid Propulsion Systems Centre (LPSC), ISRO, focusing on the indigenization and supply of critical materials for India's space program. Dr. S.V.S. Narayana Murty is the recipient of several prestigious awards, including: Young Metallurgist Award (2001) and Metallurgist of the Year Award (2018) from the Ministry of Steel, Government of India AIDA Technology Innovation Award (2009) from the Japan Society for Technology of Plasticity National Failure Analyst Award (2021) from the Society for Failure Analysis G.D. Birla Gold Medal (2022) from the Indian Institute of Metals He has also been recognised among the top 2% of scientists worldwide by Stanford University and has authored numerous ISRO technical reports and over 325 publications in international peer-reviewed journals. Strong buying action was visible in a majority of defence stocks amid heightened India-Pakistan tensions, and hopes of rising defence exports also powered the rally in Mishra Dhatu Nigam's share price. 'Defence sectors are in action today in combination of two factors – ongoing INDO-PAK LOC tensions, which could commit to enhancing domestic defence capabilities, leading to more orders or contracts for domestic firms, and expectation of an increase in global defence spending, boosting investor confidence in the sector. It is believed that geopolitical tensions and increased defence spending in the US, Europe would create export opportunities,' said Prashant Tapse, Sr VP Research at Mehta Equities. Mishra Dhatu Nigam share price opened at ₹ 296.25 on the BSE today, significantly higher than its previous close of ₹ 290.55. Thereafter, the PSU stock rose to the day's high of ₹ 313.90, recording an over 8% rise in intraday deals. Mishra Dhatu Nigam shares were trading 6.92% higher at ₹ 310.65 apiece as of 2.05 pm. Other defence stocks like Paras Defence, Data Patterns, Cochin Shipyard and Hindustan Aeronautics (HAL) also witnessed strong buying action today, rising between 5-10%. Disclaimer: This story is for educational purposes only. The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions. First Published: 28 Apr 2025, 01:53 PM IST
