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Top News In Nmdc In Today - Breaking & Trending Today
India Business News: Navratna miner NMDC Ltd has initiated gold mining operations at Mount Celia in Western Australia, led by its subsidiary Legacy Iron Ore Ltd. The comme ....
The gold mine comes under the Mount Celia deposits, which form part of the South Laverton Project. This is the first gold mine in NMDC s portfolio and ore for processing from this mine is scheduled for March 2024. An official statement said surface and mine infrastructure works have progressed rapidly, setting the stage for gold ore mining to commence in the coming weeks. ....
This indicates the zone of 43,600-43,650 will act as crucial resistance for the index. While the immediate support is placed in the zone of 43,000-42,950. ....
In October alone, the company produced 3.92 MT iron ore, higher than the 3.53 MT in the same month last year. The sale of iron ore in October was at 3.44 MT, up from 3.09 MT a year ago. ....
Short-term traders can look to buy the stock on the decline as it is now trading near crucial support levels. Hence, some bounce back towards Rs 160-170 levels could be expected, suggested experts. The stock corrected largely in line with markets. It fell nearly 3% in a week compared to the Nifty50, which was down more than 1%. In terms of price action, the stock is trading below 5,10-DMA on the daily charts but above 20,30,50,100 and 200-DMA. ....