Riding high on upbeat mood in the market, the shares of National Aluminium Company Limited (NALCO) hit a fresh 52-week high of Rs 122.85 and touched 10% upper circuit in the intraday trade on BSE on Monday.19 Oct, 2021 - Special Correspondent
ICICI Direct has come out with its second quarter (July-September’ 21) earnings estimates for the Metal & Mining sector. The brokerage house expects SAIL to report net profit at Rs 4,677 crore up 2,637% year-on-year (up 21% quarter-on-quarter).19 Oct, 2021 - Special Correspondent
The recent surge in base metal prices has come as a boon for realizations for metal firms. Steel prices, though volatile, have also remained firm. Consequently, prospects for September quarter earnings have improved.
Global iron ore prices have slid from a 10-year high of $214 per tonne in June to $125 per tonne as of October first week.