NMDC prospects improve on earnings upgrade post rollback of export duties2 min read . Updated: 21 Nov 2022, 03:33 PM IST
- Export duty revocation is positive for NMDC as iron ore exports would help domestic pricing with domestic ore prices at a steep discount to international prices.
NMDC Ltd's stock prices gained over 4% in intraday trade on Monday despite broader markets remaining under pressure with the benchmark index Sensex down around 0.8%. The rollback of export duties on steel products, iron ore and other raw materials used in the manufacturing of steel has helped lift prospects for India’s largest iron-ore producer.
Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile!Let’s get started
Select your Category