Mishra Dhatu Nigam shares, which closed at Rs 193.35 on January 15 hit an intraday high of Rs 214.45 today, translating into a gain of 10.91% in the last two sessions.

Midhani shares rise after defence firm inks 11 MoUs in Aero India 2023

Mishra Dhatu Nigam (MIDHANI) rose 2.20% to Rs 197.05 after the company said it signed eleven memorandum of understandings (MoUs) with various organisations during Aero India 2023.

MIDHANI gains on signing 11 MoUs in Aero India 2023

Mishra Dhatu Nigam consolidated net profit declines 10.00% in the December 2022 quarter

ICICI Direct is bullish on Mishra Dhatu Nigam recommended buy rating on the stock with a target price of Rs 285 in its research report dated December 05, 2022.

Buy Mishra Dhatu Nigam; target of Rs 285: ICICI Direct

Mahindra & Mahindra Financial Services Ltd, Alembic Pharmaceuticals Ltd, Redington Ltd and Mishra Dhatu Nigam Ltd are among the other gainers in the BSE’s ‘A’ group today, 03 November 2022.

MAS Financial Services Ltd leads gainers in ‘A’ group

Speaking to ET NOW, S.K Jha of Midhani talked about capacity expansion plans and order book plans. He spoke about setting up a facility for enhancing Titanium alloy production. Moreover, the company is working on increasing the capacity of Nickel-based alloys and also improving the Titanium casting facility. Further margin impact of the raw material price increase and the Russia - Ukraine war impact is also discussed. Find out more in the video.
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Midhani's Orderbook Guidance & Capacity Expansion Plans | Mishra Dhatu Nigam

“Today, Midhani is the only company that is manufacturing Titanium alloys. The capacity enhancement programme is going on and after six-seven months, we are going to install the latest state-of-the-art facility for melting Titanium alloys. Secondly, we are also working on increasing our capacity in …

Mishra Dhatu Nigam’s CMD on company’s expansion plans & margin pressure

Mishra Dhatu Nigam wins order worth Rs 185 cr

Mishra Dhatu Nigam Ltd, Bharat Dynamics Ltd, Easy Trip Planners Ltd and Mazagon Dock Shipbuilders Ltd are among the other gainers in the BSE’s ‘A’ group today, 16 September 2022.

Tata Steel Long Products Ltd leads gainers in ‘A’ group

ICICI Direct recommended hold rating on Mishra Dhatu Nigam with a target price of Rs 200 in its research report dated August 22, 2022.

Hold Mishra Dhatu Nigam; target of Rs 200: ICICI Direct

Mishra Dhatu Nigam (₹188.65): BUY

Hasn't faired well - amongst the low performers

Performance

Seems to be overvalued vs the market average

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

Mishra Dhatu Nigam is engaged in development, manufacture and supply of critical alloys and products. The Company’s products include Super alloys, Titanium and Titanium Alloys,Special Steel, Electrical and Electronic Alloys and other special products