Winners of critical minerals auction expected in May, Centre may invite more bids: ReportMoneycontrol • 13 days ago
VL Kantha Rao, a secretary in the mines ministry told Financial Times that another 20-30 blocks will be up for auction after the completion of the ongoing Lok Sabha elections.
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Net Sales are expected to decrease by 14.9 percent Y-o-Y (down 0.4 percent Q-o-Q) to Rs. 11,650 crore, according to Prabhudas Lilladher.
CLSA downgraded Tata Steel to sell from outperform and cut target price to Rs 135 from Rs 145. JSW Steel downgraded to sell from underperform and declined its target price to Rs 730 from Rs 810.
IndusInd Bank smartly defended its 200-day EMA (exponential moving average) many a times in the recent past. The stock has seen a breakout of downward sloping resistance trendline and climbed 3.5 percent to Rs 1,526.65.
The company is looking to use its mining expertise to enter the exploration space of critical minerals, Pai tells Moneycontrol.
Motilal Oswal is bullish on Jindal Steel and Power recommended buy rating on the stock with a target price of Rs 900 in its research report dated January 31, 2024.
ICICI Securities is bullish on Jindal Steel and Power recommended buy rating on the stock with a target price of Rs 980 in its research report dated February 01, 2024.
The company has submitted a financial bid for the KSK Mahanadi plant that is in insolvency proceedings, and which is being eyed by billionaire Gautam Adani's Adani Power and Anil Agarwal's Vedanta Ltd among others, a source aware of the matter said.
Prabhudas Lilladher is bullish on Jindal Steel and Power has recommended buy rating on the stock with a target price of Rs 842 in its research report dated January 31, 2024.
Jindal Steel & Power formed strong bullish candlestick pattern on the daily timeframe with healthy volumes. The stock remained above all key moving averages which is a positive sign.