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Why the stock of Mishra Dhatu Nigam is a good long-term bet - The Hindu BusinessLine

Why the stock of Mishra Dhatu Nigam is a good long-term bet Low leverage and decent growth prospects make it a good bet for long-term Since our last buy call on Mishra Dhatu Nigam (Midhani) in October, 2020, the stock has fallen by about ten per cent. However the positive long term outlook on the company’s prospects remain intact and long term investors can look to buy at current levels. Midhani is a PSU catering to the needs of India’s strategic sectors such as defence, space, atomic energy and aeronautics by supplying critical materials and alloys. With increased budgetary capital expenditure for defence for FY22 coupled with the newly introduced Defence Acquisition Procedure 2020,business prospects appear good for Midhani.

Mars Mysteriously Long Cloud Has Finally Been Solved

Every morning during the warmer months in the southern part of the Red Planet, an exceptionally long cloud appears over a Martian volcano. The cloud of water ice, which appears close to the Arsia Mons volcano, stretches out over a thousand kilometers before dissipating within hours of forming. Oddly enough, the Arsia Mons is the only volcano in that area that possesses such an unusual cloud on a daily basis. And now, based on observations conducted by the Visual Monitoring Camera (also known as VMC and the “Mars Webcam”) on ESA’s Mars Express, researchers have been able to solve the mystery of the unusually long cloud.

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