County Coal Financial News

Buy or sell stocks: Despite strong global cues, the Indian stock market broke its three-day winning streak on Wednesday. The Nifty 50 index closed at the 22,200 mark, the BSE Sensex closed at the 72,987 mark, and the Bank Nifty index finished at 47,687. Cash market volumes on the NSE rose about 9 percent to Rs.1.01 lakh crore.

PSUs) are readying a coordinated strategy to secure overseas critical mineral assets. Coal India Ltd. (CIL), National Mineral Development Corporation (NMDC), ONGC Videsh Limited (OVL), besides Khanij Bidesh India Ltd.

The NSE Nifty index ended the session 17.3 points down at 22200.55, while BSE Sensex fell 117.58 points to 72987.03.

Mrs. Bectors Food Specialities Ltd.(up 5.24%), Future Consumer Ltd.(up 4.77%), Patanjali Foods Ltd.(up 3.28%), Dodla Dairy Ltd.(up 2.40%), Emami Ltd.(up 2.26%), Tasty Bite Eatables Ltd.(up 2.10%), Zydus Wellness Ltd.(up 1.84%), Dangee Dums Ltd.(up 1.83%), JHS Svendgaard Laboratories Ltd.(up 1.66%) and Vadilal Industries Ltd.(up 0.81%) stood among the top gainers.

Coal India and NMDC are exploring lithium mines in Chile and Australia, Secretary of Mines V.L. Kantha Rao said on Wednesday. The Indian mines ministry is also encouraging other state-owned companies, such as ONGC Videsh, to scout for critical minerals overseas, Rao told reporters at the sidelines of an industry conference in New Delhi. India will additionally take a delegation to Zambia in June, with executives from the Tata Group and Vedanta, he said. The two governments will discuss the joint exploration of critical minerals such as lithium.

profit expectations. However, growth has primarily been led by the BFSI and Automobile sectors. The earnings growth was fuelled by the domestic cyclicals, such as BFSI and Auto.

Jyoti Structures Ltd.(up 4.91%), Gujarat Industries Power Company Ltd.(up 4.59%), KPI Green Energy Ltd.(up 3.88%), Torrent Power Ltd.(up 3.87%), NHPC Ltd.(up 2.51%), JSW Energy Ltd.(up 2.29%), Tata Power Company Ltd.(up 2.14%), SJVN Ltd.(up 2.07%), Kalpataru Projects International Ltd.(up 1.94%) and Suzlon Energy Ltd.(up 1.80%) were among the top gainers.

Pokarna Ltd.(up 6.90%), MOIL Ltd.(up 5.70%), Lexus Granito(India)Ltd.(up 4.57%), Ashapura Minechem Ltd.(up 4.07%), Oriental Trimex Ltd.(up 1.87%), KIOCL Ltd.(up 0.26%), 20 Microns Ltd.(up 0.25%), NMDC Ltd.(up 0.14%) and Aro Granite Industries Ltd.(up 0.10%) stood among the top gainers.

Magadh Sugar & Energy Ltd.(up 1.15%) and Triveni Engineering & Industries Ltd.(up 0.66%) were among the top gainers.

20 Microns Ltd.(up 2.11%), MOIL Ltd.(up 1.92%), Coal India Ltd.(up 1.19%), The Orissa Minerals Development Company Ltd.(up 1.15%), Gujarat Mineral Development Corporation Ltd.(up 0.82%), NMDC Ltd.(up 0.70%), Ashapura Minechem Ltd.(up 0.59%) and Sandur Manganese & Iron Ores Ltd.(up 0.45%) were among the top gainers.

Sanjiv Bhasin, Director, IIFL Securities, says: “ This is the time to pull up your socks, ignore the fear and buy the stocks which you most wanted to and hopefully by Tuesday, Wednesday, we should be back to normalcy as far as the VIX goes and then we will take it with global cues.” Bhasin further says: “The pessimism on certain stocks and sectors has been overdone. Some of the largecap banks like HDFC, ICICI are looking very good, and of course, some of the PSUs. But the real killing will be in the commodity stocks. So, Coal India, Vedanta, NALCO, SAIL, Tata Steel basket is looking very strong. From their highs, the stocks have not even corrected 5%. If this market trends, which according to me on Tuesday, fingers crossed, then these stocks are headed to new highs. ” It is getting a little worse out here? When was the last time L&T fell that 6% or so and I am not even getting into other individual names here where the selling was excruciating. What is the strategy now? Do you throw in the towel and sell into the market or wait patiently because you see some recovery in store? Sanjiv Bhasin: What a week! Last Thursday, I was with you in Mumbai and we were hitting new highs and I told you to take some money off the table.

Adani Power Ltd.(up 5.54%), RattanIndia Power Ltd.(up 4.59%) and Hitachi Energy India Ltd.(up 0.36%) stood among the top gainers.

These five companies contributed 75 percent to the incremental YoY accretion in earnings. Conversely, Tech Mahindra, Reliance Industries, and Wipro contributed adversely to Nifty earnings, it stated. As of May 4, 2024, 28 Nifty stocks posted notable growth across key financial metrics, surpassing initial estimates.

Domestic benchmark index NSE Nifty fell 76.75 points to 22225.75, while the BSE Sensex traded 270.2 points down at 73241.65.

The NSE Nifty index traded 70.8 points down at 22231.7, while BSE Sensex was down 278.28 points at 73233.57 as of 11:10AM(IST)on May 08.

Sandur Manganese & Iron Ores Ltd.(up 3.44%), NMDC Ltd.(up 1.81%), Coal India Ltd.(up 1.07%), Gujarat Mineral Development Corporation Ltd.(up 1.06%), Aro Granite Industries Ltd.(up 0.98%), The Orissa Minerals Development Company Ltd.(up 0.52%) and Pokarna Ltd.(up 0.19%) were among the top gainers.

The NSE Nifty index was trading 84.16 points down at 22218.35, while BSE Sensex was down 327.19 points at 73184.66 at the time of writing this report.

Southern Petrochemicals Industries Corporation Ltd.(up 2.17%), Nagarjuna Fertilizers and Chemicals Ltd.(up 1.95%), Zuari Agro Chemicals Ltd.(up 1.71%), Aries Agro Ltd.(up 1.43%), Chambal Fertilisers & Chemicals Ltd.(up 1.28%), Gujarat State Fertilizer & Chemicals Ltd.(up 1.19%), Sikko Industries Ltd.(up 1.17%), Rashtriya Chemicals & Fertilizers Ltd.(up 1.09%), Agro Phos India Ltd.(up 1.05%) and National Fertilizers Ltd.(up 0.92%) were among the top gainers.

RattanIndia Power Ltd.(up 4.33%), Transformers & Rectifiers(India)Ltd.(up 4.21%), Indowind Energy Ltd.(up 4.04%), PTC India Ltd.(up 3.70%), NLC India Ltd.(up 3.12%), SJVN Ltd.(up 2.53%), Hitachi Energy India Ltd.(up 2.10%), Power and Instrumentation(Gujarat)Ltd.(up 2.00%), Indo Tech Transformers Ltd.(up 1.99%) and Jaiprakash Power Ventures Ltd.(up 1.90%) were among the top gainers.

Indian Railways has loaded 128.29 million tonnes (MT) freight during April 2024. This is 1.46% higher than the 126.45 MT freight loading for April 2023. With this, the national transporter has clocked the 55th straight month of highest ever freight loading, beginning October 2020. Freight revenue earnings during the month under review stood at Rs 14,075.14 crore, up from Rs 13,893.27 crore in April 2023. Railways loaded of 57.64 MT in Coal, 14.88 MT in Iron Ore, 5.24 MT in Pig Iron and Finished Steel, 6.79 MT in Cement, 4.75 MT in Clinker, 3.85 MT in Foodgrains, 4.01 MT in Fertilizers, 4.16 MT in Mineral Oil, 6.57 MT in Containers and 9.54 MT in Balance Other Goods during April 2024. For the full fiscal ending March 2024, Indian Railways loaded 1591 MT freight up from 1512 MT in the preceding fiscal. Records of railway electrification, new lines, and track replacement were also made during the fiscal 2023-24. Within goods loading, the Railways ferried 787.61 MT of Coal, 180.95 MT of Iron ore, 153.80 MT of Cement, and 114.36 MT as Balance Other Goods for the full fiscal 2023-24.

₹14.09 for Q4 which increased by 26.25% Y-o-Y. Coal India has delivered 2.26% return in the last 1 week, 46.96% return in last 6 months and 20.72% YTD return.