NMDC shares: Antique Stock Broking said it favours the company’s net cash position and capacity expansion plans to support higher volume offtake.
Despite the Q4 miss and short-term headwinds, Nuvama has maintained its FY26E and FY27E EBITDA estimates.
An analyst from Anand Rathi said that NMDC has formed a rounding bottom pattern on the weekly charts, which is a bullish formation, indicating potential for further upside.
Top dividend yielding stocks: Select stocks like Indian Railway Finance Corporation, CG Power and Industrial Solutions, NMDC and Acceleratebs India shall trade ex-dividend today.
NMDC, India's largest producer of iron ore, will turn ex-dividend today. The company had announced a dividend of Rs 2.30 per share earlier. Railway PSU IRFC had also announced Re 0.80 per share as its 2nd interim dividend.
BSE Ltd, Zomato Ltd Reliance Industries Ltd, Tanla Platforms and Zomato Ltd, Tata Steel Ltd, Reliance Industries Ltd and Mazagon Dock Shipbuilders Ltd were some of the stocks leading the NSE turnover chart.
NMDC paid a total dividend of Rs 7.25 per share worth Rs 1,685.11 crore in FY24, Rs 5.91 dividend in FY23 (Rs 1,098.98 crore) and Rs 14.74 per share dividend (Rs 1,474 crore) in FY22.
The board of NMDC Ltd. on Monday, March 17, has declared its first interim dividend of FY25.
Shares of Tata Steel, Jindal Steel and Power, Vedanta, NMDC and SAIL are down up to 10% this year.
The RBI cut repo rate by 25 basis points to 6.25% on Friday. A reduction in the key lending rate is expected to add to demand for loans for infra and the real estate sectors.
While the BSE PSU index was trading flat at 17,993.16, BDL shares were down 0.53 per cent at Rs 1,208.85 on BSE. Cochin Shipyard Ltd declined 0.48 per cent to Rs 1,416.85. REC shares were flat at Rs 440.20.