Output increased 15.2 per cent in the four months to July this fiscal.
“We expect NMDC’s profitability to be impacted by potential loss of leases in Chhattisgarh that are coming up for renewal soon,” said Amit Dixit, metals analyst at Edelweiss.
Analysts expect a 19 per cent earnings growth in the current fiscal, despite a weak first quarter.
Maggi regains volumes lost after the 2015 crisis, stock could see higher demand
For the June quarter, consolidated net profit dropped 63 per cent to Rs 702 crore.
Dollar-denominated bonds issued by the developer are quoted at 72 per cent YTM.
Net profit, at Rs 1,351 crore, fell 12 per cent. EBIDTA at Rs 5,200 crore fell 17 per cent.
Market experts attribute the recent sell-off to changes in taxation for the uber-rich.
There are over 850 companies that make up the BSE SmallCap index.
Over the past couple of weeks, 13 out of 15 FII-heavy large stocks have corrected.
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