Shares of metal companies edged higher as the Union Cabinet has cleared amendments to the MMDR Act.
Hindalco Industries is currently trading at Rs. 84.90, up by 3.70 points or 4.56% from its previous closing of Rs. 81.20 on the BSE. The scrip opened at Rs. 81.70 and has touched a high and low of Rs 85.55 and Rs. 81.60 respectively. So far 1030517 shares were traded on the counter.
Jindal Steel & Power is currently trading at Rs. 67.00, up by 2.00 points or 3.08% from its previous closing of Rs. 65.00 on the BSE. The scrip opened at Rs. 65.10 and has touched a high and low of Rs. 67.80 and Rs. 63.00 respectively. So far 1785141 shares were traded on the counter.
Tata Steel is currently trading at Rs. 296.95, up by 1.50 points or 0.51% from its previous closing of Rs. 295.45 on the BSE. The scrip opened at Rs. 296.20 and has touched a high and low of Rs. 301.15 and Rs. 294.90 respectively. So far 748475 shares were traded on the counter.
The Union Cabinet cleared amendments to the Mines and Minerals Development and Regulation (MMDR) Act. MMDR regulates mining sector activities in the country. The move would allow transfer of mining lease for captive mines, as compared to the present scenario where transfer of mining lease is only for auctioned mines.
Start Research-backed Investing ...Now. Subscribe to Sapphire
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: