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Business Standard

These 5 BSE A-group stocks look weak on charts; can slide up to 17%

NMDC Steel, Network18 and Trident among 5 BSE A-group stocks that can fall up to 17%, suggest technical charts.

Business Standard

NMDC Steel's hot rolled coil production hits 1 MT-mark within a year

State-owned NMDC Steel Limited (NSL) on Wednesday announced producing 1 million tonnes of hot rolled coil (HRC) at its plant in Nagarnar, Chhattisgarh in a year's time. NMDC Steel Ltd, an entity demerged and formed from mining firm NMDC, owns and operates the 3 million-tonne Nagar Steel Plant -- referred as India's youngest steel unit -- and has been set up with an investment of around Rs 23,000 crore. "NSL announces a landmark achievement of its production capabilities. Today, this ultra-modern plant has successfully produced 1 MT HRC four days ahead of the first anniversary of commencement of HR coil production," the company said in a statement. On July 21, 2024, the company had achieved the production of 1.5 MT of hot metal from its blast furnace and produced 1 MT of liquid steel from the steel making shop (SMS) on August 11. Both milestones were reached in less than a year from the commencement of production, the company said. The company's CMD Amitava Mukherjee said, "Achievi

Business Line

Metal stocks plunge as Supreme Court allows states to collect dues, levy tax

Tata Steel, NMDC and Vedanta stocks hit

The Economic Times

Tata Steel, NMDC among 5 stocks with short buildup

This indicates that more traders are anticipating a price decline and are therefore creating short positions.

Business Line

Incred predicts surge in steel sector, NMDC and pellet stocks in focus

Incred projects sustained high premiums for pellets, bolstering profitability for iron ore miners and pellet manufacturers