NMDC shares fell 4.2% despite a strong Q2 performance and a 2:1 bonus share announcement. Revenue grew 19.7%, while profit rose 23% YoY. Motilal Oswal maintains a buy rating with a Rs 280 target.
On the positive side there has been a good union budget (tax rates cut), easing actions by the central bank (rate cuts, liquidity boost, regulatory
In the Nifty50 pack, four stocks’ close prices crossed below their 200 DMA (Daily Moving Averages) on April 7, according to stockedge.com’s technical scan data.
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