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“Upper limit for qualifying as a midcap stock crosses an all-time high of $5 billion last seen during May 2018 and is up 5 times from the taper tantrum lows of $1 billion. Upper threshold for smallcaps at $1.6 billion is still below the level seen in January 2018 level of $1.8 billion,” said Vinod Karki and Siddharth Gupta of ICICI Securities. The Amfi classification tags top 100 stocks by average marketcap between January and June as largecap, next 150 as midcap and the rest as smallcap. Interestingly, two of the newly listed stocks IRFC and Indigo Paints will debut directly as midcap stocks in the Amfi list. Other new listings are expected to classify as smallcaps. ....
Surging steel prices not to affect domestic demand: Tata Steel CEO SECTIONS Last Updated: May 16, 2021, 11:23 AM IST Share Synopsis The CEO further said if one takes a look at the prices of hot rolled coil in the US, it is at USD 1,500/ tonne, in Europe it s close to 1,000 euros per tonne. So, I think the steel users in India have the best available prices in the world. Agencies Tata Steel CEO and Managing Director T V Narendran The rising prices of steel which is widely used in sectors like construction, auto, consumer goods, etc will not affect the demand in the domestic market, ....
NMDC hikes lump ore price by Rs 700 per tonne; fines by Rs 1,500 per tonne SECTIONS NMDC hikes lump ore price by Rs 700 per tonne; fines by Rs 1,500 per tonnePTI Last Updated: May 12, 2021, 05:12 PM IST Share Synopsis The announcement has come at a time when steel is trading at an all-time high. In May 2021, the steel makers raised prices of Hot Rolled Coil (HRC) by Rs 4,000 to Rs 67,000 per tonne and Cold Rolled Coil (CRC) by Rs 4,500 to Rs 80,000 per tonne. PTI The country s largest iron ore miner NMDC on Wednesday announced a hike in the prices of lump ore by Rs 700 per tonne and fines by Rs 1,500 per tonne with immediate effect. Iron ore is a key raw material used in steel making. Any change in its prices has a direct impact on the rates of steel. ....
How ore auctions undermine market The current round has skewed the market in favour of captive users vis-a-vis merchant miners The March 2021 amendments to the MMDR Act are expected to bring in transformative reforms for the Indian mining sector. Odisha, with huge iron ore resources, has already completed the first phase of iron ore auctions in 2020 and the next lot of auction is in the offing. There are a few lessons from the previous auction. First, the 2020 auction gave rise to exorbitantly high winning bids, which are irrational and unsustainable. It witnessed bids in terms of revenue sharing premiums ranging from a low of 90.9 per cent to the highest of 155 per cent. ....
I have shares of NMDC bought at an average price of ₹124. Can I continue to stay invested or book profit?Gopalakrishnan SNMDC (₹184.9): The stock of NMDC was in the limelight in the past week as it sk ....