Coal India, NMDC emerge as must-watch mining plays as spot prices surge
India's mining and metals sectors are flashing opportunity signals, with spot price surges in coal and iron ore creating a compelling earnings catalyst for Coal India and NMDC, according to Siddhartha Khemka, Head of Retail Research at brokerage firm Motilal Oswal."Coal India is expected to see a 6% QoQ volume growth while NMDC is likely to see a strong 20% QoQ volume growth," Khemka told ET Now, adding that rising e-auction premiums stand to materially boost Coal India's profitability. The stoc...
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