County Coal Financial News

Sandur Manganese & Iron Ores(up 2.18%), Pokarna(up 0.34%) and Orissa Minerals Development Company(up 0.26%) were among the top gainers. Ashapura Minechem(down 2.67%), 20 Microns(down 1.81%), KIOCL(down 1.59%), Coal India(down 1.26%), NMDC Ltd(down 1.13%), MOIL(down 0.95%), Aro Granite Industries(down 0.92%), Gujarat Mineral Dvpt Corporation(down 0.71%), Madhav Marbles and Granites(down 0.57%) and Oriental Trimex(down 0.53%) were among the top losers.

Transformers and Rectifiers(India)(up 10.51%), Kalpataru Projects International(up 9.60%), KPI Green Energy(up 9.01%), Indo Tech Transformers(up 4.30%), Alstom T&D India(up 4.29%), Energy Development Company(up 2.76%), DPSC(up 2.54%), Orient Green Power Company(up 2.10%), CESC(up 1.66%) and JSW Energy(up 1.37%) were among the top gainers. Inox wind(down 1.53%), NTPC(down 1.16%), Gujarat Industries Power(down 0.90%), PTC India(down 0.81%), Power Grid Corporation of India(down 0.75%), SJVN(down 0.44%), NHPC(down 0.38%), Adani Power(down 0.27%) and KEC International(down 0.19%) were among the top losers.

Benchmark NSE Nifty index fell 71.95 points to 21706.75 amid selling in frontline bluechip stocks. However, stocks such as Bajel Projects, Akshar Spintex, Raj Rayon, Muthoot Microfin and Palash Securities, touched their fresh 52-week low.

Life Insurance Corporation of India rake in a massive profit of Rs 2.28 lakh crore in its portfolio. LIC, which is invested in about 260 listed companies in India, saw the market value of its overall holdings surge to Rs 11.89 lakh crore from Rs 9.61 lakh crore in December last year, data by Ace Equity showed. The market value has been calculated based on the shareholding of LIC as of September end and the current market price of the stocks. The Nifty 50 has given 18% returns on a year-to-date basis. But from its 52-week low touched in March this year, the index has rallied more than 28% to scale a lifetime high of 21593 points in this month. LIC’s Nifty 50 portfolio alone has given the domestic institutional investor handsome returns this year.

Madhav Marbles and Granites(up 8.08%), Lexus Granito(up 4.38%), NMDC Ltd(up 3.30%), 20 Microns(up 2.69%), Pokarna(up 2.02%), Coal India(up 1.72%), Sandur Manganese & Iron Ores(up 1.37%), Gujarat Mineral Dvpt Corporation(up 0.88%), Orissa Minerals Development Company(up 0.54%) and MOIL(up 0.36%) were among the top gainers. Oriental Trimex(down 1.51%) and KIOCL(down 0.34%) were among the top losers.

Sikko Industries(up 15.05%), Nagarjuna Fertilizers & Chem(up 4.02%), ZUARIAGRO(up 2.25%), Mangalore Chemicals & Fertilizers(up 2.09%), Khaitan Chemicals & Fertilizers(up 2.01%), Agro Phos(up 1.91%), Madhya Bharat Agro Products(up 1.62%), Paradeep Phosphates(up 1.52%), Krishana Phoschem(up 0.96%) and National Fertilizer(up 0.71%) were among the top gainers. Aries Agro(down 0.57%) and Madras Fertlizers(down 0.56%) were among the top losers.

BSE Sensex reached a historic high of 71,913 points last week, concluding at 71,106, with a decline of 376.79 points, or 0.53%. Also Read: 27 Nifty 50 stocks recorded new all-time highs this year; will the rally continue in 2024? In the sectoral domain, Nifty FMCG, Nifty Oil & Gas, and Nifty Pharma saw gains of over 1%. Conversely, Nifty PSU Bank, Nifty Media, Nifty Auto, Nifty Metal, and Nifty Bank dropped between 1% and 3.08%.

Hero MotoCorp, Spandana Sphoorty, Larsen & Toubro, Dalmia Bharat, Tata Consumer, Syrma, Coal India, Prestige, Zomato, L&T Technology Services (LTTS) , Oil India, Sun Pharmaceutical, Kajaria Ceramics stand among top 14 picks of Motilal Oswal Broking and Distribution for 2024. The Brokerage expects India market outperformance to continue during 2024 led by strong macro and micro fundamentals.

Nakoda Group Of Industries Ltd.(up 6.67%), Patanjali Foods Ltd.(up 4.92%), Dodla Dairy(up 4.84%), Umang Dairies(up 3.98%), Adani Wilmar Ltd.(up 3.97%), Jyothy Labs(up 2.28%), Bikaji Foods International(up 2.15%), Britannia Industries(up 2.01%), Heritage Foods(up 1.65%) and TATA CONSUMER PRODUCTS(up 1.38%) stood among the top gainers. Varun Beverages Ltd.(down 4.08%), Dangee Dums Ltd.(down 2.17%), Vadilal Industries Ltd.(down 2.17%), Hatsun Agro Products Ltd.(down 0.95%), Gillette India Ltd.(down 0.93%), Marico Ltd.(down 0.77%), Parag Milk Foods Ltd.(down 0.61%), Tasty Bite Eatables Ltd.(down 0.41%), Prataap Snacks(down 0.30%) and ADF Foods(down 0.25%) were among the top losers of the day.

K.M.Sugar Mills(up 2.25%), EID Parry(up 1.17%), DCM Shriram Industries Ltd.(up 1.01%), Rana Sugars(up 0.85%), Balrampur Chini Mills(up 0.78%), Simbhaoli Sugars Ltd.(up 0.54%), MAGADHSUGAR(up 0.46%) and Shree Renuka Sugars Ltd.(up 0.32%) stood among the top gainers. Triveni Engineering & Industries(down 2.33%), Uttam Sugar Mills(down 1.45%), AVADHSUGAR(down 1.37%), Rajshree Sugars & Chemicals(down 1.19%), Bannari Amman Sugars(down 1.16%), Ugar Sugar Works Ltd.(down 0.98%), BAJAJHIND(down 0.89%), Kothari Sugars & Chemicals Ltd.(down 0.85%), Sakthi Sugars(down 0.69%) and Dalmia Bharat Sugar & Industries(down 0.43%) were among the top losers of the day.

₹1,322 crore worth of shares while domestic institutional investors (DIIs) net purchased shares worth ₹4,754.34 crore, implying that retail investors would have sold much more to account for the fall. Stocks that faced the worst selling on Wednesday included the Adani twins—Adani Ports and flagship Adani Enterprises—which fell around 6% each, and commodity stocks such as Coal India, UPL and Tata Steel which tanked 4–5%.

Uday A Kaole has assumed the charge of the Chairman-cum-Managing Director (CMD) of Coal India arm Mahanadi Coalfields Ltd (MCL). Prior to joining MCL as its CMD, Kaole was the Director (Technical) at Bharat Coking Coal Ltd (BCCL).

stood among the top gainers. Simbhaoli Sugars(down 6.96%), BAJAJHIND(down 6.17%), MAGADHSUGAR(down 6.03%), AVADHSUGAR(down 5.21%), Kothari Sugars & Chemicals(down 5.09%), Rajshree Sugars & Chemicals(down 4.91%), Sakthi Sugars(down 4.82%), Shree Renuka Sugars(down 4.52%), Dhampur Sugar Mills(down 4.42%) and Triveni Engineering & Industries(down 3.98%) were among the top losers of the day.

Coal India, with strong uptick in production, power producers as NTPC, capital goods major BHEL and many others have given strong returns. Also Read- PNC Infratech shares surge over 6% as company bags new hybrid annuity road project The Nifty realty Index has been the largest gainer. Analysts ta ICICI Securities have highlighted that concerns over rising mortgage rates impacting demand have been addressed by all companies under their coverage which clocked record residential sales bookings in FY23 (up 43% YoY in value terms) and momentum sustained in H1FY24 in spite of the absence of big-ticket launches by most developers.

Sandur Manganese & Iron Ores(up 7.09%), Gujarat Mineral Dvpt Corporation(up 3.42%), Coal India(up 1.34%), Orissa Minerals Development Company(up 0.95%), Oriental Trimex(up 0.51%), Aro Granite Industries(up 0.20%) and Pokarna(up 0.06%) were among the top gainers. Ashapura Minechem(down 2.65%), Madhav Marbles and Granites(down 1.33%), 20 Microns(down 1.29%), NMDC Ltd(down 1.23%), KIOCL(down 1.15%), MOIL(down 0.64%) and Lexus Granito(down 0.26%) were among the top losers.

Orient Green Power Company(up 2.67%), Power & Instrumentation(Gujarat)(up 2.54%), GE Power India Limited(up 1.44%), Jaiprakash Power Ventures(up 0.71%), NTPC(up 0.56%), Voltamp Transformers(up 0.53%), Reliance Power(up 0.42%), Transformers and Rectifiers(India)(up 0.35%), KEC International(up 0.17%) and Power Grid Corporation of India(up 0.06%) were among the top gainers. Energy Development Company(down 5.01%), KPI Green Energy(down 3.66%), CESC(down 2.81%), SJVN(down 2.31%), Suzlon Energy(down 1.98%), PTC India(down 1.50%), DPSC(down 1.50%), Tata Power Company(down 1.47%), NHPC(down 1.45%) and Alstom T&D India(down 1.44%) were among the top losers.

The NSE Nifty index was trading 9.45 points up at 21466.1, while BSE Sensex was up 29.79 points at 71513.54 at the time of writing this report. In the Nifty index, Bajaj Auto Ltd.(up 2.87 per cent), Sun Pharmaceutical Industries Ltd.(up 2.41 per cent), Eicher Motors Ltd.(up 1.46 per cent), Reliance Industries Ltd.(up 1.21 per cent) and Divi's Laboratories Ltd.(up 1.06 per cent) were among the top gainers.

Oriental Trimex(up 19.88%), Sandur Manganese & Iron Ores(up 3.04%), NMDC Ltd(up 1.59%), Ashapura Minechem(up 1.09%), Aro Granite Industries(up 0.79%), Coal India(up 0.53%) and 20 Microns(up 0.28%) were among the top gainers. Gujarat Mineral Dvpt Corporation(down 1.05%), Pokarna(down 0.67%), MOIL(down 0.64%), Madhav Marbles and Granites(down 0.47%), Orissa Minerals Development Company(down 0.20%) and Lexus Granito(down 0.13%) were among the top losers.

NEW DELHI : Goods and services procurement through the government e-market (GeM) portal is poised to reach ₹3.5 trillion by the end of this fiscal year, driven by heightened buying activities across ministries and government departments, a senior official said. In FY23, the procurement value stood at ₹2 trillion, surpassing the ₹1.06 trillion in the previous financial year. In FY24, it is estimated to cross ₹3.5 trillion, GeM chief executive P.K.

Coal India on Tuesday reported a 7.6% year-on-year increase in its capital expenditure (capex) for the April-November period to ₹10,492 crore, reflecting its intensified efforts to bridge the investment gap. The company has deployed a significant portion of FY24's targeted capex of ₹16,500 crore for transport infrastructure projects, totalling ₹6,441 crore. “We are striving to achieve around 80% of the current financial year’s total targeted capex of ₹16,500 crores by the third quarter ending December," said a company statement quoting a senior executive.

Coal India, Honasa Consumer ltd, Eicher Motors Ltd, NTPC Ltd, HDFC Bank Ltd and ICICI Prudential Life Insurance Company Ltd to its India model portfolio deploying cash and at the cost of Power Grid Corporation of India Ltd, Marico Industries, Maruti Suzuki India Ltd and NBFCs (Non-Banking Financial Companies). In an equity strategy note dated November 24, analysts Mahesh Nandukar, Abhinav Sinha, and equity associate Nishant Poddar of Jefferies India Pvt Ltd said that they had raised cash tactically in their model portfolio in early September, which they said are now deploying as the key macro concerns around higher US yields, rising oil prices and near-term state election results have subsided.