Indian Metals & Ferro Alloys Ltd (IMFA) on Tuesday posted over a 50 per cent fall in its standalone net profit to Rs 63.65 crore in the March 2023 quarter, dragged by lower revenues.

IMFA standalone net profit falls over 50% to Rs 63.65 cr in March quarter

The company’s revenues also fell to Rs 636.90 crore from Rs 756.71 crore in the year-ago period.

Indian Metals & Ferro Alloys Q4 net profit falls over 50% to Rs 63.65 cr

Metals recycling startup Runaya is planning to boost its processing of industrial waste about eightfold in the next two years as the Indian company adds zinc and copper to its existing aluminum portfolio.

Indian Metals Recycling Startup Sees Eightfold Processing Growth

The outlook on the long-term rating has also been reaffirmed at ‘Stable’.

Indian Metals & Alloys receives affirmation in credit ratings for bank faciltiies

According to global research and broking firm CLSA, the steel outlook improved while global news flows would continue to dominate outlook for the Indian metals sector. A faster reopening in China and stimulus has provided a new lease of life for the sector, although on ground demand improvement is s…

D-Street Buzz: CLSA tags Hindalco with ‘buy’, Tata Steel with ‘outperform’ as metals shine

The change in stance comes after almost a year of cautionary view. The Nifty Metal index advanced over 2 per cent while shares of Tata Steel surged nearly 6 per cent

Jefferies turns ‘positive’ on Indian metals on easing Covid curbs in China

After almost a year of cautious view, global brokerage Jefferies has turned positive on India metals

Tata Steel, Hindalco upgraded to buy as Jefferies now positive on Indian metals

Tata Steel is Jefferies’ Top Pick in Indian Metals, Bearish on JSW Steel

The compensation has been received towards reimbursement of statutory expenses from Ministry of coal.

Indian Metals & Ferro Alloys’ subsidiary Utkal Coal gets compensation of Rs20.69 crore; Stock soars 4%

IRCTC, SBI, Poonawalla Fincorp, JB Pharma, Glenmark Pharma, AstraZeneca, VRL Logistics, Power Grid, PTC India, Thermax, Wipro, Tata Motors, Biocon, IDBI Bank, ZEE, NTPC, Kamat Hotels, Indian Metals & Ferro Alloys, Shriram Properties

Stocks that will see action on December 15, 2022

Allsec Technologies (Rs 20 per share dividend), Crisil (Rs 10 per share), Navin Fluorine International (Rs 5 per share), Indian Metals & Ferro Alloys (Rs 5 per share), VIP Industries (Rs 2.5 per share), TCI (Rs 2.5 per share) and Vaibhav Global (Rs 1.5 per share) will go ex-dividend today.

Laurus Labs, Coforge, Dabur India to go ex-dividend; stock split, buyback & more

Price return has been average, nothing exciting

Performance

Can be considered moderately valued vs the market

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is underpriced and is not in the overbought zone

Current price is less than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Indian Metals and Ferro Alloys Limited is a holding producing ferro chrome/ferro alloys.