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Espresso shot of the day – NLC India Ltd up by 19.14 percent)

Espresso shot of the day – NLC India Ltd up by 19.14 percent

May 11, 2021

NLC INDIA LTD 63.80 (+19.14%) BSE – INE589A01014 | 11TH MAY 2021


The Corporation was incorporated as a private limited company on 14th November 1956, by the Government of India. The company undertake mining and processing of lignite, generation and distribution of power, manufacture of fertiliser, chemicals, etc. Briquetting and carbonisation of lignite and processing and sales of clays of all kinds. The Corporation's main products are lignite, electric power, urea, leco, coke fines, nekolin and pulverised nekolin. In February 1978, sanction was received to set up a second thermal power station comprising three 210 MW units. It was converted into a public limited company on 7th March 1986. The Corporation's activities are conducted by five units - mines, thermal power station, fertiliser plant, briquetting and carbonising plant and clay washing plant.

Recent Drivers

  • NLC India Limited has proposed to set up pressure swing medical oxygen plants at nine locations in the country, including its project sites – Neyveli and Tuticorin in Tamil Nadu within a month. The company has already floated tenders in this regards.
  • On 6th May 2021, NLC India Limited said it has raised Rs 650 crores by issuing commercial paper.
  • In the month of April, NLC India Limited has increased its green power generation by 39% and mining capacity by 66%.
  • NLC India Limited reported quarterly net profit at Rs 171.18 crores in December 2020.
  • NLC India Limited reported net sales at Rs 2,214.86 crores in December 2020.


(Sources: Moneycontrol, The Times of India, The Economic Times, Mercom India )

Technical Force*

  • S&P BSE 500 month till date gain up by 2.25%
  • Traded on new 52 week High value – 64.25
  • Touched Upper circuit Rs.64.25
  • Spurt in Volume by more than 18.14 times compare to previous vol. 3 months avg volume – 3,16,152
  • Quantity traded – 49,80,132 Deliverable quantity – 19,99,626 (40.15%)
  • Stock price has jumped more than 30 % from one year low level – 40.20, 26 May 2020
  • Daily RSI (14) is in overbought territory today
  • 52 week high – 64.25 | 52 week low­­ – 40.20

Key Pivot  (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

94.28

78.42

66.78

50.92

39.28

23.42

11.78

-

Fibonacci Pivot

78.42

67.91

61.42

57.24

50.92

44.59

40.41

33.92

23.42


Today’s Close

63.80

SMA

BSE

10 DAY

50.50

20 DAY

48.95

50 DAY

50.57

200 DAY

51.68

Some Key Ratios (Source: BSE)

Market Cap: 8,846.74 crores

PE: 11.35

OPM%: 24.75

ROE%: 6.00

Promoters holding : 79.20

Prev. Close: 53.55

*Chart And Technical Force data taken from the Binge desktop app.

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Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.