Fri, Jul 9, 2021 8:13 PM
70% of Indian coal mines received no bids during auction
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In its recent report, domestic brokerage firm LKP Securities initiated coverage on NMDC with a 'buy' rating, establishing a target price of ₹297 per share. Despite the company's shares already surging by 140% in just 10 months, this new target price suggests another 20% increase from the stock's previous closing price of ₹248 per share.Additionally, reaching this target would mark a 14-year.
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London-listed miner Anglo American said on Thursday it had received an all-share buyout proposal from BHP Group, a deal that would make the world's biggest listed miner also the largest producer of copper globally.The deal, if agreed, would also trigger further transactions in the global mining industry, which has seen a flurry of mergers and acquisitions.
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One of the most popular tech stocks in the last decade is MercadoLibre (NASDAQ:MELI), a Latin American company. MELI stock went public in August 2007. Since then, it has returned a staggering 6,326%, outpacing the broader markets by a wide margin. It means a $500 investment in MELI stock just after its IPO would be worth over $31,200 today.
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