NMDC
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Reliance, Wipro, Tata Motors Lead 9 Stocks in Focus
Nine stocks including Reliance Industries, Wipro, Tata Motors, Coal India, Hero MotoCorp, ITC, NMDC, and Gland Pharma are in focus today, with multiple market alerts highlighting them as key movers. The coverage spans across sectors, indicating broad market attention on these names for trading decisions.
Ashok Leyland breaks resistance, analysts recommend buy
Here are two stock recommendations for Wednesday Ashok Leyland - Buy | Buying Zone: 178-180 | Stop-loss: Rs 173 | Target: Rs 192 Ashok Leyland is breaking out above the 179 resistance zone that has capped price since April, closing 2.5% higher at 179.05 on expanding volume. The stock trades above its short- and long-term moving averages, with RSI near 65 and rising confirming momentum. A clean higher-high, higher-low structure has formed since the August low.
NMDC Q1 profit rises 2% to ₹2,007 crore, beats estimates
2 Min Read State-run iron ore producer NMDC reported a 2% year-on-year increase in standalone net profit to ₹2,007 crore for the quarter ended June 2026, compared with ₹1,969 crore in the year-ago period. It was also well above the CNBC-TV18 poll estimate of ₹1,989 crore. Revenue from operations rose 2.4% year-on-year to ₹6,795 crore from ₹6,634 crore in Q1 FY26.
MMDR amendment bill could cap state mining levies, aiding NMDC
The Centre's proposed MMDR Amendment Bill could ease the uncertainty around state mining levies, with companies holding older mining leases such as NMDC and potentially SAIL among those that could benefit if the Centre caps additional state levies. Tata Steel remains a preferred pick for a separate reason — expectations of higher steel prices after the monsoon.
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