County Coal Financial News

India's coal imports declined 12.08 per cent to 18.26 million tonnes (MT) in August this year over the corresponding month of the previous fiscal. The country's import of fossil fuel stood at 20.77 MT in August last year. Overall coal imports during April to August also declined by 10.3 per cent to 103.93 MT, over 115.93 MT in the year-ago period, according to data compiled by mjunction services ltd.

Sheetal Cool Products(up 3.63%), JHS Svendgaard Laboratories(up 3.02%), Hatsun Agro Product Ltd(up 2.76%), Umang Dairies(up 1.75%), TATA CONSUMER PRODUCTS(up 1.69%), ADF Foods(up 1.37%), Nakoda Group(up 1.27%), Jyothy Labs(up 1.09%), Prataap Snacks(up 0.91%) and Bajaj Consumer(up 0.78%) stood among the top gainers. Dangee Dums(down 2.56%), Bikaji Foods International(down 2.10%), Gillette India(down 1.24%), Marico(down 0.92%), Hindustan Unilever(down 0.80%), Dabur India(down 0.65%), Emami(down 0.64%), Godrej Consumer Products(down 0.51%), Zydus Wellness(down 0.49%) and Adani Wilmar(down 0.27%) were among the top losers of the day.

Domestic benchmark index NSE Nifty ended 107.75 points up at 19653.5, while the BSE Sensex closed 364.06 points up at 65995.63. On the other hand, Godrej Ind., Mindteck India, PNB Gilts, Rajshree Polypack and Pioneer Embroid stocks hit their fresh 52-week highs today.

Aro Granite Industries(up 9.46%), Orissa Minerals Development Company(up 2.62%), Pokarna(up 2.55%), 20 Microns(up 2.07%), Madhav Marbles and Granites(up 1.98%), MOIL(up 0.87%), Sandur Manganese & Iron Ores(up 0.77%) and Gujarat Mineral Dvpt Corporation(up 0.76%) stood among the top gainers. Lexus Granito(down 1.22%), KIOCL(down 0.62%), Coal India(down 0.54%), Ashapura Minechem(down 0.41%) and NMDC Ltd(down 0.27%) were among the top losers of the day.

The NSE Nifty index ended the session 107.75 points up at 19653.5, while BSE Sensex rose 364.06 points to 65995.63. In the Nifty index, Bajaj Finserv Ltd.(up 5.97 per cent), Bajaj Finance Ltd.(up 4.05 per cent), Titan Company Ltd.(up 2.90 per cent), IndusInd Bank Ltd.(up 2.35 per cent) and Tata Consumer Products Ltd.(up 1.69 per cent) stood among the top gainers.

Aries Agro(up 2.67%), KRISHANA(up 1.70%), ZUARIAGRO(up 0.97%), Agro Phos(up 0.78%), Deepak Fertilizers & Petrochemicals(up 0.73%), Khaitan Chemicals & Fertilizers(up 0.69%), Gujarat Narmada Valley Fertilizers (up 0.67%), Chambal Fertilisers & Chemicals(up 0.57%), National Fertilizer(up 0.57%) and Madras Fertlizers(up 0.54%) stood among the top gainers. Paradeep Phosphates(down 2.56%), Rama Phosphates(down 2.34%), Mangalore Chemicals & Fertilizers(down 0.71%), Nagarjuna Fertilizers & Chem(down 0.57%), Fertilizers & Chemicals Tranvancore(down 0.27%), Southern Petrochemicals Industries(down 0.21%) and Madhya Bharat Agro Products(down 0.11%) were among the top losers of the day.

₹17 and in FY23, the DPS stood at ₹24.3, according to the brokerage. Exciting news! Mint is now on WhatsApp Channels. Subscribe today by clicking the link and stay updated with the latest financial insights! Click here! 1.Coal India: At a current market price (CMP) of ₹295, the coal miner gave a dividend yield of 8.2 per cent with FY22 DPS at ₹17 and FY23 DPS at ₹24.3 2.Oil India: At a CMP of ₹299, the oil explorer gave a dividend yield of 6.7 per cent with FY22 DPS at ₹14.3 and FY23 DPS at ₹20 3.PTC India: At a CMP of ₹133, the power major gave a dividend yield of 5.9 per cent with FY22 DPS at ₹7.8 and FY23 DPS at ₹7.8 4.Oil and Natural Gas Corporation (ONGC): At a CMP of ₹192, the oil major gave a dividend yield of 5.9 per cent with FY22 DPS at ₹10.5 and FY23 DPS at ₹11.3.

government will start the auction of critical mineral mines in a few weeks from now, reported ET Now, quoting Mines Secretary. In August, there were reports of India getting preparing to start the auction process for some 100 critical mineral blocks.

Domestic benchmark index NSE Nifty gained 138.05 points to 19574.15, while the BSE Sensex traded 513.45 points up at 65739.49. On the other hand, SoftTech Engineers, Murudeshwar Cera, Goodluck India, Utkarsh Small Financ and RKEC Projects stocks hit their fresh 52-week highs today.

20 Microns(up 3.33%), Ashapura Minechem(up 2.71%), Orissa Minerals Development Company(up 2.63%), Gujarat Mineral Dvpt Corporation(up 2.37%), Lexus Granito(up 2.06%), Madhav Marbles and Granites(up 1.36%), KIOCL(up 1.35%), Pokarna(up 1.27%), MOIL(up 1.09%) and NMDC Ltd(up 0.82%) were among the top gainers. Coal India(down 0.54%) were among the top losers.

Sensex went lower by 286 to settle at 65,226, while the Nifty declined 92 points to end at 19,436. Stocks that were in focus included names like Nestle India, which rose 3.03%, Maruti, which fell 1.96%, and Coal India, whose shares declined 1.34% on Wednesday. Here's what Avdhut Bagkar, Technical Analyst at StoxBox, recommends investors should do with these stocks when the market resumes trading today. Nestle India — Buy Following a recent breakout of the “Double Bottom” pattern, the underlying momentum, which was already gearing for positive bias, has accelerated the upside voyage. The stock is on the edge of hitting a new historic peak, and stability over 23,200 would elicit the start of the next upward wave. The current trend, accompanied by surging volumes, remains ascending with the support of 2,300 and a convincing move over 23,200 shall eye a rally to the 25,000- level. Maruti Suzuki India — Avoid The automobile giant has breached immediate trend line support of 10,275, slipping in the direction of 9,955, its 50-SMA. The next crucial support falls at the 9,500-level, which could hold the current decline.

Coal India Ltd, part of the coal sector, has rallied by about 30% in a month which pushed the stock to a fresh record high in September 2023 and the chart pattern suggests that the rally may not be over and will continue in October. The stock rose from Rs 228 as of 30 August 2023 to Rs 297 which is the record high registered on 29 September 2023. The upside translates into a rally of about 30% in a month. Short-to-medium term investors can look to buy the stock now or on dips for a possible target of Rs 345-385 in the next 4-5 months, suggest experts. After the breakout from the critical resistance of 26-270 which proved to be a critical hurdle back in June 2019 in September 2023 provided much needed momentum to the stock. On the monthly charts, an upward-sloping trendline is giving support.

NEW DELHI : With the likelihood of 11 auctioned commercial mines becoming operational in the current fiscal year, coal output from commercial and captive mines will reach 145 million tonnes (mt) in FY24, said coal secretary Amrit Lal Meena. Last year production from commercial and captive mines was about 116 mt. In an interview, the secretary said that the target for this output from commercial mines is 162 mt, and that production is expected to reach 145 mt.

NEW DELHI : Coal India Ltd (CIL) that has seen an over 26% surge in stock prices since August-end also scaled 52-week highs on the BSE on Tuesday. Though strong production and sales volume numbers for September helped to build confidence in the company achieving annual growth guidance, it is rising supplies to non-power sector that will help the improvement in blended realisations and profitability. Coal India’s first half FY24 production at 333 MT rose 11.3% year-on-year while total supplies also shot up to 360.7 MT during first half, marking 8.6% y-o-y growth.

The S&P BSE Sensex rose more than 300 points while the Nifty50 closed above 19600 levels on Friday. India VIX was down by 10.28% from 12.82 to 11.50 levels in the previous trading session. Volatility cooled off and gave comfort to the bulls in the market at key support zones. Since it is the beginning of the new series, options data is scattered at various far strikes in the monthly series.

Also Read: Coal India production rises 12.6% YoY to 51.4 MT in September Integrated zinc production during the quarter under review was at 185 kt, down 2% YoY and down 12% sequentially. Refined lead production at 57 kt was flat as compared to Q2FY23 and up 12% sequentially on account of pyro plant operations on Lead mode during this quarter, Hindustan Zinc added.

Coal India’s offtake in September increased by 12.6% to 55.1 MT from 48.9 MT in the corresponding month of the previous fiscal. Also Read: Maruti Suzuki posts highest ever monthly sales in September; hits 1 million-mark in H1FY24 Meanwhile, in the April-September period, the Maharatna PSU’s output increased by 11.3% to 332.9 MT from 299 MT, YoY.

₹5,500 crore during this fiscal year to expand capacity, Amarendu Prakash, chairman, SAIL, said. “Last year, it was at ₹8,000 crore. Since current expenditure includes sustenance projects and de-bottling projects, it will be the same level as previous years, about ₹5,500 crores or so," he said on the sidelines of a conference.

The Relative Strength Index (RSI) is a versatile momentum oscillator that quantifies the speed and change of price movements. RSI values range from 0 to 100 and help investors determine whether a stock is overbought (above 70) or oversold (below 30). Here's why RSI is a crucial tool for investors: Now, let's explore the 10 stocks that were in the overbought zone on September 28, Thursday: 1) Tata Investment Corporation Ltd. RSI: 87.7 Prev.

Gujarat Mineral Dvpt Corporation(up 12.09%), Orissa Minerals Development Company(up 7.24%), 20 Microns(up 4.75%), NMDC Ltd(up 4.26%), MOIL(up 3.74%), Coal India(up 1.72%), Aro Granite Industries(up 0.51%) and Lexus Granito(up 0.27%) stood among the top gainers. KIOCL(down 4.23%), Ashapura Minechem(down 3.49%), Madhav Marbles and Granites(down 0.89%) and Pokarna(down 0.68%) were among the top losers of the day.

Sikko Industries(up 1.57%), Aries Agro(up 1.36%), Deepak Fertilizers & Petrochemicals(up 1.27%), Coromandel International(up 1.06%), Gujarat Narmada Valley Fertilizers (up 0.99%), Chambal Fertilisers & Chemicals(up 0.97%), Agro Phos(up 0.82%), ZUARIAGRO(up 0.81%), Khaitan Chemicals & Fertilizers(up 0.77%) and Rashtriya Chemicals & Fertilizers(up 0.48%) were among the top gainers. Fertilizers & Chemicals Tranvancore(down 1.31%), KRISHANA(down 0.58%), Southern Petrochemicals Industries(down 0.54%), Paradeep Phosphates(down 0.42%), Madras Fertlizers(down 0.26%), Rama Phosphates(down 0.11%) and Madhya Bharat Agro Products(down 0.08%) were among the top losers.