County Coal Financial News

Oriental Trimex Ltd.(up 4.73%), Pokarna Ltd.(up 1.39%), MOIL Ltd.(up 1.32%), KIOCL Ltd.(up 1.14%), Gujarat Mineral Development Corporation Ltd.(up 0.61%), Lexus Granito(India)Ltd.(up 0.39%) and The Orissa Minerals Development Company Ltd.(up 0.17%) stood among the top gainers.

Lexus Granito(India)Ltd.(up 1.32%), KIOCL Ltd.(up 1.28%), Madhav Marbles & Granites Ltd.(up 1.18%), Gujarat Mineral Development Corporation Ltd.(up 1.17%), MOIL Ltd.(up 0.88%) and Aro Granite Industries Ltd.(up 0.87%) were among the top gainers.

Benchmark NSE Nifty closed 83.96 points up at 25235.9 amid buying in frontline bluechip counters.

Coal India Ltd saw the highest consensus earnings estimates increase for FY25 in absolute terms at ₹4,800 crore. The chart alongside, sourced from an ICICI Securities report dated 24 August, has the details. On the other hand, Oil and Natural Gas Corp.

Pokarna Ltd.(up 10.80%) and Sandur Manganese & Iron Ores Ltd.(up 0.55%) were among the top gainers.

Aro Granite Industries Ltd.(up 0.80%) stood among the top gainers.

Dalmia Bharat Sugar and Industries Ltd.(up 5.69%), Magadh Sugar & Energy Ltd.(up 5.53%), KCP Sugar & Industries Corporation Ltd.(up 5.00%), Simbhaoli Sugars Ltd.(up 4.09%), Balrampur Chini Mills Ltd.(up 3.14%), Avadh Sugar & Energy Ltd.(up 2.77%), Shree Renuka Sugars Ltd.(up 2.40%), Mawana Sugars Ltd.(up 2.22%), Vishwaraj Sugar Industries Ltd.(up 2.04%) and Bajaj Hindusthan Sugar Ltd.(up 1.31%) stood among the top gainers.

Jyoti Structures Ltd.(up 3.18%), Power and Instrumentation(Gujarat)Ltd.(up 2.00%), Suzlon Energy Ltd.(up 1.89%), GE T&D India Ltd.(up 1.16%), Tata Power Company Ltd.(up 0.76%), India Power Corporation Ltd.(up 0.51%), Reliance Power Ltd.(up 0.49%), JSW Energy Ltd.(up 0.48%), KEC International Ltd.(up 0.46%) and PTC India Ltd.(up 0.36%) stood among the top gainers.

Vadilal Industries Ltd.(up 3.73%), Hindustan Foods Ltd.(up 1.75%), Colgate-Palmolive(India)Ltd.(up 1.54%), Gillette India Ltd.(up 1.53%), Godrej Consumer Products Ltd.(up 1.46%), Zydus Wellness Ltd.(up 1.14%), Euro India Fresh Foods Ltd.(up 0.87%), Dangee Dums Ltd.(up 0.82%), Emami Ltd.(up 0.69%) and Honasa Consumer Ltd.(up 0.46%) stood among the top gainers.

Coal India's financial impact may run into Rs 35,000 crore in a «worst-case» scenario if the Supreme Court's review on mining taxes yields no favourable outcome or if the company fails to recover the taxes from its customers, a top official said on Friday. The miner is awaiting final clarity before considering any «provisioning» in its accounts. «Two subsidiary companies — Mahanadi Coalfields Ltd and Central Coalfields Ltd — are being affected, while the rest of the subsidiaries remain unaffected. Mahanadi Coalfields in Odisha is the most impacted. In the worst case scenario, our impact could be about Rs 35,000 crore, if we are unable to recover from long-term fuel supply agreements (FSAs) customers,» Coal India Chairman P M Prasad said. Talking to reporters on the sidelines of a Bharat Chamber of Commerce interaction, he said Central Coalfields in Jharkhand will be affected by about Rs 350 crore.

Domestic benchmark index NSE Nifty ended 11.66 points up at 24823.15, while the BSE Sensex closed 33.02 points up at 81086.21.

Karma Energy Ltd.(up 5.00%), Transformers & Rectifiers(India)Ltd.(up 5.00%), Indo Tech Transformers Ltd.(up 5.00%), GE T&D India Ltd.(up 4.75%), Energy Development Company Ltd.(up 4.29%), Kalpataru Projects International Ltd.(up 3.70%), Jyoti Structures Ltd.(up 3.68%), Indowind Energy Ltd.(up 2.64%), Power and Instrumentation(Gujarat)Ltd.(up 2.01%) and Inox Wind Energy Ltd.(up 1.74%) stood among the top gainers.

The NSE Nifty index ended the session 11.66 points up at 24823.15, while BSE Sensex rose 33.02 points to 81086.21.

LT Foods Ltd.(up 4.91%), ADF Foods Ltd.(up 4.58%), JHS Svendgaard Laboratories Ltd.(up 2.74%), Dangee Dums Ltd.(up 1.51%), Gillette India Ltd.(up 1.42%), Mrs. Bectors Food Specialities Ltd.(up 0.99%), Hatsun Agro Products Ltd.(up 0.97%), Hindustan Unilever Ltd.(up 0.82%), Heritage Foods Ltd.(up 0.56%) and Procter & Gamble Hygiene & Healthcare Ltd.(up 0.38%) stood among the top gainers.

Benchmark NSE Nifty closed 11.66 points up at 24823.15 amid buying in frontline bluechip counters.

Mawana Sugars Ltd.(up 4.02%), KCP Sugar & Industries Corporation Ltd.(up 2.27%), Simbhaoli Sugars Ltd.(up 1.99%), KM Sugar Mills Ltd.(up 1.62%), Rajshree Sugars & Chemicals Ltd.(up 1.27%), Triveni Engineering & Industries Ltd.(up 1.20%), Sakthi Sugars Ltd.(up 1.16%), EID Parry(India)Ltd.(up 1.09%), Bannari Amman Sugars Ltd.(up 1.01%) and Magadh Sugar & Energy Ltd.(up 1.00%) were among the top gainers.

Adani Power Ltd's resolution plan to acquire Lanco Amarkantak Power Ltd (LAPL) through the insolvency resolution process. The company has admitted liabilities of Rs 15, 633 crore. Gautam Adani promoted listed power company had proposed to pay Rs 4,101 crore to acquire it through the bankruptcy process. “Successful acquisition and implementation of the resolution plan for acquisition of LAPL will advance APL's (Adani Power) position as India’s leading private sector power producer, with a combined operational power generation capacity of 15,850 MW,” said Adani Power in its stock exchange filing on Thursday.

On the options front, the maximum Call open interest (OI) is at the 25,000 strike, followed by the 25,500 strike, while the maximum Put OI is at the 24,500 strike, followed by the 24,600 strike.

Ashapura Minechem Ltd.(up 3.78%), Oriental Trimex Ltd.(up 1.80%), Coal India Ltd.(up 1.45%), Gujarat Mineral Development Corporation Ltd.(up 1.06%), 20 Microns Ltd.(up 0.89%) and KIOCL Ltd.(up 0.82%) stood among the top gainers.

Triveni Engineering & Industries Ltd.(up 12.05%), Mawana Sugars Ltd.(up 6.29%), KCP Sugar & Industries Corporation Ltd.(up 5.68%), Simbhaoli Sugars Ltd.(up 4.97%), Ponni Sugars(Erode)Ltd.(up 4.17%), DCM Shriram Industries Ltd.(up 4.07%), Bajaj Hindusthan Sugar Ltd.(up 3.62%), Magadh Sugar & Energy Ltd.(up 3.51%), Rajshree Sugars & Chemicals Ltd.(up 3.42%) and Uttam Sugar Mills Ltd.(up 3.28%) stood among the top gainers.

Nifty delivered a 4% year-on-year (YoY) growth in profit after tax (PAT), surpassing Motilal Oswal's estimate of 3%. This is the slowest growth since the pandemic quarter of 2020. Nifty heavyweights HDFC Bank, Tata Motors, ICICI Bank, Maruti Suzuki, and Tata Consultancy Services (TCS) contributed 127% of the incremental year-on-year earnings growth. In contrast, Bharat Petroleum Corporation (BPCL), JSW Steel, ONGC, Reliance Industries (RIL), and Grasim Industries had a negative impact on Nifty earnings, according to a preview note by the brokerage. State-run Coal India, Dr Reddy's Laboratories, Apollo Hospital, Adani Ports & Special Economic Zone (APSEZ), and Tata Steel have received earnings upgrades from Motilal Oswal. In contrast, BPCL, Bharti Airtel, Hero MotoCorp, JSW Steel, and IndusInd Bank are the top five earnings downgrades.