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United Arrows & Sons

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[khabrisala]

NMDC’s steel unit hive-off likely to unlock value but execution counts

NMDC’s steel unit hive-off likely to unlock value but execution counts

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NMDC Ltd’s stock was all fired up on Friday soaring nearly 12%, though its June quarter results were hit hard by the covid-19 lockdown. The management’s announcement to hive off its upcoming steel plant in Nagarnar, Chhattisgarh, into another unit, could alleviate the pressures on cash flows of the company. But further upside may be capped.

NMDC plans to demerge the steel unit and…

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[khabrisala]

Disputes, litigation may mar NMDC's recovery in fiscal second half

Disputes, litigation may mar NMDC’s recovery in fiscal second half

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It’s been a tough quarter for NMDC Ltd as the company grapples with weak volume growth in the domestic market. A recovery in the second half of FY21 looks possible once demand begins to improve. Shares of NMDC Ltd rose 1.2% in early trade on Wednesday.

NMDC’s sales volumes were down about 17% year on year (y-o-y) in Q4 as the pandemic hit sales in March. Production was down by about…

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