SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Mishra Dhatu Nigam surges on dispatching Ultra High Strength Steel & Cobalt Alloys for ISRO

07 Jan 2020 Evaluate

Mishra Dhatu Nigam is currently trading at Rs. 157.30, up by 4.50 points or 2.95% from its previous closing of Rs. 152.80 on the BSE.

The scrip opened at Rs. 153.65 and has touched a high and low of Rs. 157.00 and Rs. 153.65 respectively.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 186.80 on 08-Nov-2019 and a 52 week low of Rs. 100.00 on 15-Feb-2019.

Last one week high and low of the scrip stood at Rs. 165.00 and Rs. 150.65 respectively. The current market cap of the company is Rs. 2862.56 crore.

The promoters holding in the company stood at 74.00%, while Institutions and Non-Institutions held 20.06% and 5.94% respectively.

Mishra Dhatu Nigam (MIDHANI) has dispatched its first consignment of Ultra High Strength Steel for Ignitor box and Cobalt alloy for Throat Sitting Rings for indigenous manned mission of Indian Space Research Organisation (ISRO) ‘Gaganyaan’ which will carry its ‘Vyomanauts’ to space.

In addition, MIDHANI shall also supply Titanium Alloy materials for Gaganyaan’s GSLV-Mark-III rocket liquid engine thrusters, nozzle, gas bottles, cryogenic upper stage components. The company and ISRO have been working together over four decades and have developed critical input materials used in cryogenic engine, rocket motor casing, propellant tanks, etc. Investment castings of vacuum melted quality of Nickel alloys, Stainless steel for Exhaust Unit and Hafnium-Niobium metal were also developed by MIDHANI, these materials will also be used in ISRO's ambitious Gaganyaan Mission.

Mishra Dhatu Nigam is the prime specialized metals and metal alloys manufacturing facility in India, located at Hyderabad, Andhra Pradesh.

Mishra Dhatu Nigam Share Price

368.90 3.45 (0.94%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Tata Steel 212.05
JSW Steel 1239.90
SAIL 173.50
Jindal Stainless 787.90
APL Apollo Tubes 2105.45
View more..

About MoneyWorks4Me

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.

Our Vision

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.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×