Stock market: The market is trying to recover. Midcap smallcap stocks show good action today. Talking about the sector, there is good shopping in metal shares. Indeed, the European Union has imposed a sanction on steel and aluminum imported from Russia. According to reports, EU’s decision is positive for Indian metal companies. This is the reason that today shares of Nalco, Hindustan Copper, NMDC and SAIL showed a rise of 3-4 per cent in intra-day.
Around 3 pm, NMDC shares were working on NSE by Rs 1.89, or 3 per cent, around Rs 64.95. At the same time, SAIL shares were working on NSE by Rs 2.01, or 1.89 per cent, around Rs 106.28.
Explain that the ban on metal coming from Russia has been implemented in EU. Market experts also believe that Indian companies will benefit from the ban on Russia. Hindalco, Nalco, Tata Steel are likely to benefit the most of this. Meanwhile, an increase in export of raw aluminum is possible. Better opportunities are possible in machine tools, auto parts. In 2024, the US and UK import were banned.
There was a lot of action in these shares too
Apart from the metal, there are plenty of action in the market today, let’s take a look. TCS Has tied up with Mass Robotics in North America. The company has tied up for innovation in the robotic sector. The company has tied up in view of the increasing demand for automation.
On the other side Ashok Leyland Got an order from Tamil Nadu State Transport Corp. An order for 320 low-Floor buses was found. The order received by the company from Tamil Nadu State Transport is a total of Rs 298 crore.
meanwhile IRCTC But today special action was seen. Delhi HC’s decision against IRCTC in the Vrindavan food case came. The order of the tribunal is maintained, IRCTC will have to pay ₹ 33 crore and interest. Let us tell you that the matter is related to the food services of the capital, Shatabdi and Duronto trains.
Nava limited Announced the share buyback. This will be done through the bucket tender route. After the announcement, the stock saw a rise of more than 8%. Anand Rathi Advisors have been appointed as merchant bankers for this buyback program. The company will buy 360 CR shares. The company said after the board meeting that the record date of this share buyback has been set on 28 February 2025 (Friday). The company will buy a buyback of 72 lakh shares.
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