County Coal Financial News

Anil Agarwal took to social media site X (formerly known as Twitter), to express that he is optimistic about India's growing electric vehicles segment enabling job creation in the country. In a post on March 7, the industrialist noted that EVs use up to six times more minerals compared to conventional vehicles and if played out correctly, the need for these resources could drive up jobs in the local mining sector. He further added that a "explore, mine and make in India" mantra by startups and small and medium enterprises (SMEs) will be an important factor in tapping the "massive potential" for job creation in the country.

Coal India, 360 One Wam , Gujarat State Fertilizers & Chemicals Ltd, Gujarat Narmada Valley Fertilizers & Chemicals Limited, Oil and Natural Gas Corporation , Tech Mahindra, PTC India, ITC , Power Grid Corporation of India , Oil India are amongst top 10 dividend yield picks of Religare Stock Broking. The dividend yield is a financial ratio that shows how much a company pays out in dividends each year relative to its stock price. Dividend yield of 3-5% or more is considered to be good.

Torrent Power Ltd.(up 1.77%), KKV Agro Powers Ltd.(up 0.16%) and Kalpataru Projects International Ltd.(up 0.06%) were among the top gainers.

The NSE Nifty index traded 53.46 points down at 22302.85, while BSE Sensex was down 67.68 points at 73609.45 as of 10:24AM(IST)on March 06.

Krishana Phoschem Ltd.(up 0.18%) were among the top gainers.

Zomato: Antfin Singapore Holdings Pte, a subsidiary of the China-based Ant Group, is reportedly planning to sell up to 2% stake or 17.64 crore shares in the food delivery platform Zomato. The transaction, which is expected to be worth ₹2,800 crore, will be conducted through a block deal, reported CNBC-Awaaz on Tuesday. The block deal's floor price has been set at ₹159.4 per share, indicating a 4% discount on Zomato's current market price, as per the report.

power producers to import 6% of their coal requirements until June, despite adequate domestic availability, amid transport constraints and higher electricity demand, a power ministry note said on Tuesday. India last year had asked utilities to import 6% of their coal requirements until March due to an unprecedented surge in power and coal demand. Despite record production by state-run Coal India, which accounts for about 80% of India's domestic production of the fuel, constraints with the country's railway network necessitated imports, the note said.

MOIL Ltd.(up 2.98%), Ashapura Minechem Ltd.(up 2.37%), NMDC Ltd.(up 0.59%), Sandur Manganese & Iron Ores Ltd.(up 0.52%), The Orissa Minerals Development Company Ltd.(up 0.37%), Coal India Ltd.(up 0.29%), 20 Microns Ltd.(up 0.25%) and Gujarat Mineral Development Corporation Ltd.(up 0.11%) were among the top gainers.

Bharat Heavy Electricals (BHEL) jumped over 14% on Monday to hit their 12-year high of Rs 269.45 on the NSE. With this rally, the state-run stock has extended its gains to over 20% in the last four trading sessions. The stock generated tremendous buying interest among the investors with more than 16.52 crore shares trading on the NSE at 2:10 pm. The total traded value of the shares stood at Rs 4,305.48 crore.

Avadh Sugar & Energy Ltd.(up 6.53%), Triveni Engineering & Industries Ltd.(up 6.47%), Uttam Sugar Mills Ltd.(up 3.93%), Dalmia Bharat Sugar and Industries Ltd.(up 3.36%), Bannari Amman Sugars Ltd.(up 2.31%), Balrampur Chini Mills Ltd.(up 1.99%), Magadh Sugar & Energy Ltd.(up 1.66%), Bajaj Hindusthan Sugar Ltd.(up 1.45%), DCM Shriram Industries Ltd.(up 1.43%) and Shree Renuka Sugars Ltd.(up 1.07%) were among the top gainers.

mutual fund scheme, investors often compare different schemes offered by fund houses, particularly their historical returns. Although historical returns of a scheme do not guarantee its future performance, they significantly influence the decision of investors in more ways than one. Without much ado, here we list out the top-performing multi cap schemes which delivered more than 20 percent return in the past 5 years.

Lexus Granito(India)Ltd.(up 3.98%), MOIL Ltd.(up 3.77%), Madhav Marbles & Granites Ltd.(up 3.42%), Pokarna Ltd.(up 2.77%), Ashapura Minechem Ltd.(up 1.98%), Sandur Manganese & Iron Ores Ltd.(up 1.72%), Gujarat Mineral Development Corporation Ltd.(up 1.70%), Coal India Ltd.(up 1.45%), NMDC Ltd.(up 1.42%) and Aro Granite Industries Ltd.(up 1.11%) were among the top gainers.

NLC India, apart from Ola Electric, Jindal Power and Dalmia Group, are among bidders for 20 blocks in the first tranche of auction for critical mineral blocks in the country. The Union mines ministry on Thursday said it has received more than 50 bids for the 20 critical and strategic mineral blocks in the first tranche, which was launched on 29 November. These blocks consisted of minerals like lithium, glauconite, nickel, PGE, potash, graphite, molybdenum, phosphorite and rare earth elements (REE).

coal imports are expected to fall for the first time this year since the COVID-19 pandemic due to increasing domestic output and record-high inventories, industry officials said on Tuesday. Out of eleven coal traders, Reuters spoke with at the Coaltrans India conference in the western state of Goa, eight expected shipments of the fuel to decrease this year, while the others foresaw flat imports or marginal growth.

Lexus Granito(India)Ltd.(up 2.32%), Sandur Manganese & Iron Ores Ltd.(up 2.15%), Madhav Marbles & Granites Ltd.(up 1.24%), The Orissa Minerals Development Company Ltd.(up 1.24%), MOIL Ltd.(up 0.91%) and Gujarat Mineral Development Corporation Ltd.(up 0.87%) were among the top gainers.

Shriram Finance, KFin Tech, Eicher Motors, TVS Motors, Coal India, L&T, Thermax, NTPC, JSW Energy, Godrej Properties, Macrotech Developers, Bharti Airtel, Honasa Consumer, Zomato, Piramal Pharma, Apollo Hospitals, Ultratech Cement, Ambuja Cement, Kajaria Ceramics, Amber Enterprises, Supreme Industries, and PI Industries. Axis Bank: Axis Bank is one of Jefferies' top picks, as it believes that past investments have made the franchise stronger and that the bank is on track to deliver 16-18% growth in loans, improve its deposit profile, and sustain ROE of 18%. Integration with Citibank’s India retail platform is progressing well with limited attrition among staff and customers and significant scope for synergies in 60 areas on revenues and cost.

Procurement of services through government buying portal GeM touched Rs 1.82 lakh crore as of February 22, an official statement said on Friday. It was Rs 8,500 crore in 2020-21, the commerce ministry said. It added that two bids placed by South Eastern Coalfield Limited, a subsidiary of Coal India Limited, worth nearly Rs 40,000 crore, have catapulted the share of service procurement this month. GeM CEO P K Singh said that the GeM has harnessed digital capabilities and has emerged as a one-stop-shop for procurement of all possible services that may be required by Government buyers at various levels of administration.

Buy or sell stocks for today: On account of sharp selling in small and mid-cap stocks, the Indian stock market opened lower on Thursday. However, bulls came back strongly in the last session and most of the Indian sectors witnessed sharp buying, which helped Dalal Street recuperate its losses and end higher.

₹3.94 trillion. PSUs are asset rich for one. There’s been favourable revaluation of these assets (land, plant and machinery) given the exorbitant cost of replacing these at current prices.

The NSE Nifty index closed 74.71 points up at 22196.95, while BSE Sensex ended up 349.24 points at 73057.4.

Coal India Ltd’s (CIL) realization from coal sold through the e-auction route picked up sequentially in the three months ended December (Q3FY24), after falling for four straight quarters. The e-auction premium over coal sold through fuel supply agreement (FSA) prices stood at 117% in Q3 against 84% in Q2 aided by higher global coal prices. But it’s too soon to rejoice this as e-auction realization are poised to drop sequentially in Q4.