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Mishra Dhatu Nigam Limited (MIDHANI) sees profit-taking after breakout, falls 5%

Mishra Dhatu Nigam Limited (MIDHANI) stock falls 5% intraday at ₹404.2, showing pressure after a recent breakout..

Blogger Kapil Rohilla TradeAlone

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Mishra Dhatu Nigam Limited MIDHANI pullback after breakout

Mishra Dhatu Nigam Limited (MIDHANI) pulls back after breakout, falling -5% to ₹404.2 on the NSE on 12 Aug 2026. This retracement follows the stock clearing its 6-month resistance level at ₹399, marking a breakout that has now seen some profit-taking. MIDHANI operates in the basic materials sector, specifically steel, and today’s move appears to be company-specific rather than a sector-wide phenomenon, given the structural breakout that has already occurred.

Technical setup — trendlines & DMA

The current 6-month trendline structure shows that MIDHANI has broken above its resistance trendline, which ended at ₹398.65, and is now trading 1.37% above this level. The 6-month support trendline stands at ₹383.59, which is 5.10% below today’s price. The 50-day moving average (DMA) at ₹419.6 is above the 200-DMA at ₹367.2, indicating a bullish trend. The stock is currently trading in the upper third of its 52-week range, suggesting that a significant portion of the move is already priced in.

6M Trendline — Intraday Snapshot
BREAKOUT₹400₹420₹44013 May12 Jun14 Jul12 Aug

Snapshot: ₹404.20 on 2026-08-12 (chart frozen at publication)

Fundamentals & business context

With a PE ratio of 61.2, MIDHANI’s valuation appears stretched given its profit margin of 10.9% and a revenue CAGR of 11.6%. This suggests that the market might be pricing in expectations of a turnaround or future growth, despite current earnings. The company’s institutional ownership of 7.6% indicates a cautious approach by smart money, possibly reflecting concerns over the declining profit CAGR of -5.6%. There is no new NSE catalyst today to explain the move beyond the structural breakout and subsequent profit-taking.

MIDHANI
Holdings Analysis
Key strengths & risk signals
66
Overall
62
Fundamental
71
Technical
Risks (4)
Cannot calculate PEG - insufficient growth data.
RECOVERY MODE! Current price (395.6) above 200-day but below 50-day.
NEGATIVE MOMENTUM! Price declined across timeframes - down 2.3% (1 week), 10.2% (1 month), 7.5% (3 months).
POSITIVE YEAR! Stock gained 2.6% in the last year.
Strengths (4)
PERFECT RECORD! Revenue has grown consistently every year. Exceptional business stability.
BULLISH TREND! 50-day average (413.7) is above 200-day average (392.2) - positive signal.
BULLISH SENTIMENT! In last 30 days: 12 up days, 18 down days. Avg volume on up days: 4,139,816 vs down days: 1,234,418. Ratio: 3.35x
LOW VOLATILITY! Beta of 0.70 - stable stock, less market risk.

Algorithmic scorecard

MIDHANI’s overall algorithmic scorecard of 77 reflects a technically strong stock with some fundamental weaknesses. The strongest signals include the bullish trend, with the 50-DMA above the 200-DMA, and the breakout above resistance levels, indicating positive momentum. However, the weakest signals are the declining profit CAGR and negligible dividend yield, which pose risks to long-term value creation. The company’s very low debt and strong promoter/institutional control are positives, but the declining profit growth and minimal income from dividends could be areas of concern for investors.

Fundamental & Technical AnalysisNSE: MIDHANI
66Overall
62Fundamental
71Technical
Growth Quality13 / 30
Revenue CAGR: 11.6% (GOOD, 11/15). Profit CAGR: -5.6% (DECLINING, 2/15).
Profit Margin5 / 10
DECENT EFFICIENCY! 10.6% profit margin - acceptable profitability.
PEG Valuation1 / 10
Cannot calculate PEG - insufficient growth data.
Dividend Yield3 / 10
NEGLIGIBLE DIVIDEND! 0.63% yield - little to no income.
Debt / Equity10 / 10
VERY LOW DEBT! D/E of 0.00 - excellent financial health.
Public Holding20 / 20
VERY LESS PUBLIC HOLDING! 11.93% public ownership - strong promoter/institutional control.
Stability10 / 10
PERFECT RECORD! Revenue has grown consistently every year. Exceptional business stability.
Moving Averages12 / 10
BULLISH TREND! 50-day average (413.7) is above 200-day average (392.2) - positive signal.
Price Position2 / 10
RECOVERY MODE! Current price (395.6) above 200-day but below 50-day.
Trend Pattern10 / 20
TESTING SUPPORT! Stock is at key support level.
52W Performance4 / 10
POSITIVE YEAR! Stock gained 2.6% in the last year.
Volume Sentiment30 / 30
BULLISH SENTIMENT! In last 30 days: 12 up days, 18 down days. Avg volume on up days: 4,139,816 vs down days: 1,234,418. Ratio: 3.35x
RSI4 / 5
APPROACHING OVERSOLD! RSI at 40.0 - watch for reversal.
52W Range3 / 5
MID RANGE! Trading at 59.8% of 52W range - neutral zone.
Momentum1 / 5
NEGATIVE MOMENTUM! Price declined across timeframes - down 2.3% (1 week), 10.2% (1 month), 7.5% (3 months).
Beta / Volatility5 / 5
LOW VOLATILITY! Beta of 0.70 - stable stock, less market risk.

Company outlook

MIDHANI’s management has outlined an optimistic forward guidance, expecting a 15% increase in top line and a corresponding 20% increase in bottom line year-on-year. EBITDA margins are projected to be between 24% to 25%. The company anticipates a 10% to 15% reduction in opening inventories and good orders for ABHED bulletproof jackets. Additionally, the fastener plant is expected to contribute an order book of INR20 crores to INR30 crores per year. On the investment front, MIDHANI plans a capex of around INR1,000 crores over the next three years and expects to book about INR1,500 crores worth of orders in FY ’26-’27.

Get all details on MIDHANI — P&L, peers, shareholding and more on TradeAlone.

Basic Materials

Jsw Steel Limited Reports 19% Yoy Growth in Crude Steel Production for October 2026

JSW Steel Limited (JSWSTEEL) reports a 19% YoY increase in crude steel production for October 2026, reaching 25.73 lakh tonnes.

shalini shishodia tradealone

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Jsw Steel Limited Jswsteel October 2026 Crude Steel Production

JSW Steel Limited (JSWSTEEL) reported consolidated crude steel production for October 2026 at 25.73 lakh tonnes, marking a 19% year-over-year growth. The company’s capacity utilization for Indian operations stood at 92% for the month. The production figures for October 2026 are as follows:

Production Breakdown

The steel giant’s production was distributed as follows:

  • Indian Operations: 24.86 lakh tonnes (up 19% YoY)
  • JSW Steel USA – Ohio: 0.87 lakh tonnes (up 5% YoY)
  • Consolidated Production: 25.73 lakh tonnes (up 19% YoY)

Company Overview

JSW Steel, the flagship business of the diversified JSW Group, has grown to become India’s leading integrated steel company with a combined crude steel capacity of 37.9 million tonnes per annum (MTPA). The company’s Vijayanagar plant in Karnataka is the largest single-location steel-producing facility in India, with a current capacity of 19.5 MTPA, which is being expanded to ~25 MTPA by FY30. JSW Steel has a strong focus on research and innovation, with strategic collaborations enabling access to state-of-the-art technologies.

Sustainability and Future Goals

JSW Steel is recognized for its excellence in sustainability practices. The company aims to reduce CO2 emissions by 42% from its steel-making operations by 2030 and achieve net-zero carbon emissions by 2050. Additionally, JSW Steel has set targets for no net-loss in biodiversity, substantial improvement in air quality, and substantial reduction in water consumption by 2030.

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of JSW Steel Limited

JSW Steel Limited belongs to the › sector. Here’s a quick read on where the business and the stock stand today.

JSWSTEEL
Basic Materials › Steel
BREAKOUT
72
Fundamental
80
Technical
76
Overall

1W +8.52%
1M +15.33%
3M +4.96%
P/E: 11.6 Cap: Large
AI-Powered Analysis • TradeAlone
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JSW holds in the upper half of its 52-week range, a sign the market backs the stock. The PEG of 0.15 is extremely low. Either the market misses the growth story, or there is a catch worth investigating. Revenue grows at 3.6% CAGR. The company generates cash but does not compound aggressively. The stock trades at 92% of its 52-week range — near its best levels of the year. Clearly, the market pays a premium for this name. Both the business and the stock move in the right direction. Revenue grows at 3.6%, profits at 75.3%, and the PEG sits at 0.15 — below its growth rate. That combination is rare. Check Fundamentals of JSW Steel Limited.

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Basic Materials

Jindal Stainless Limited (JSL) Wins 95 Gold and 6 Silver Awards at QCFI Conventions 2026

Jindal Stainless Limited (JSL) wins 95 gold and 6 silver awards at QCFI conventions 2026, highlighting quality initiatives and employee involvement.

Pranab Tyagi at TradeAlone

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Jindal Stainless Limited JSL 2026 Awards

Jindal Stainless Limited (JSL), India’s leading stainless steel manufacturer, has won 95 gold and 6 silver awards at the Quality Circle Forum of India (QCFI) conventions held in Delhi and Bhubaneswar, recognising the quality improvement initiatives and problem-solving efforts of its employees. The Jajpur unit won 71 gold awards at the 8th CCQC Bhubaneswar Chapter Convention 2026, along with earning the Highest Participation Award for fielding 71 teams, and receiving the prestigious Gyanadhara Award. On the other hand, the Hisar unit secured 24 gold and 6 silver awards at the 41st CCQC Delhi Chapter Convention 2026. The awards recognised the efforts of its teams in identifying opportunities for improvement, addressing operational challenges and strengthening process efficiency.

Recognition for Jajpur Unit

Deepak Agrawal, Unit Head – Jajpur, Jindal Stainless, said, “I am proud that Jindal Stainless’ representation with 71 teams was the first time the event saw such enthusiasm from a single company. The fact that all our teams received Gold Awards reflects the strong culture nurtured by our employees and their collective efforts in applying quality concepts and working towards better processes. I congratulate all the participants for their dedication, teamwork and problem-solving approach.”

Hisar Unit’s Impressive Performance

Commenting on the agility and participation of the employees, Unit Head – Hisar, Mr Vijay Bindlish, said, “The impressive performance of our Quality Circle teams reflects the proactive approach of our employees towards identifying opportunities for improvement and making meaningful contributions to the organisation. We have consistently encouraged our people to take ownership of processes, challenge existing practices and bring forward ideas that enhance quality and efficiency. Such platforms provide an excellent opportunity to recognise these efforts and inspire more employees to be part of our continuous improvement journey.”

Participation in these conventions underscores Jindal Stainless’ sustained efforts to nurture a culture where employees actively contribute to improving processes, enhancing operational efficiency and driving innovation. The CCQC platform provides employees with an opportunity to showcase their problem-solving initiatives, exchange knowledge and best practices with industry peers, and learn from experiences across organisations. It also fosters healthy competition, collaboration and employee-led improvement initiatives.

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of Jindal Stainless Limited

Jindal Stainless Limited belongs to the › sector. Here’s a quick read on where the business and the stock stand today.

JSL
Basic Materials › Steel
CONSOLIDATING DOWN
72
Fundamental
58
Technical
65
Overall

1W -5.97%
1M -2.54%
3M -4.7%
P/E: 17.1 Cap: Large
AI-Powered Analysis • TradeAlone
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Jindal moves sideways over three months, with neither buyers nor sellers taking control. Thin margins at 7.4% leave limited room for error — any demand softness or cost spike hits the bottom line hard. Not a single revenue dip or loss quarter in five years — this is a business built to last through cycles. The stock gains 0.8% in the last month, recovering from the three-month slide. However, it is too early to call this a confirmed reversal. Revenue grows at 6.4% and profits at 14.7%. The business is in good shape. Moreover, a stock that does not move despite strong fundamentals often offers better value than one already priced for perfection. Check Fundamentals of Jindal Stainless Limited.

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Basic Materials

Vishnu Chemicals Limited Q2fy27: Strategic JV with DCX Chrome SAS, Ebitda Grows 10% Yoy

Vishnu Chemicals Limited (NSE: VISHNU) reports Q2FY27 earnings with a 10% YoY EBITDA growth and strategic JV with DCX Chrome SAS.

jyoti sharma

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Vishnu Chemicals Limited NSE Vishnu Q2fy27 Results

Vishnu Chemicals Limited (NSE: VISHNU), a leading global manufacturer of speciality chemicals, reported its unaudited financial results for the quarter and half year ended Sep 30, 2026. The company showcased resilient performance with notable highlights.

Strategic Joint Venture

The company entered into a 50:50 joint venture with DCX Chrome SAS, France, to establish a high-purity Chromium Metal facility in India, targeting niche aerospace and defence applications.

Financial Performance

Vishnu Chemicals Limited reported a 10% year-on-year growth in EBITDA for Q2FY27, reaching ₹64.0 Cr. The company’s PAT for the same period increased by 8.1% to ₹35.5 Cr. For the first half of FY27, the company’s operating revenues grew by 15.3% to ₹862.9 Cr, and PAT rose by 15.5% to ₹75.2 Cr.

Operational Highlights

The company continued to focus on operational efficiency and market share in its Barium business. Additionally, the South Africa operations progressed with infrastructure refurbishment and regulatory compliances for a safe operational restart. Vishnu Chemicals Limited also plans to add approximately 20 MW of solar capacity to enhance energy cost efficiency and sustainability.

However, geopolitical tensions impacted freight costs, increasing shipping and forwarding expenses to 8.8% of operating revenue in Q2 FY27. Despite these challenges, the company maintained a strong balance sheet with a consolidated D/E of 0.67x and D/EBITDA at 2.8x as of 30 September 2026.

As a result, ICRA upgraded the company’s long-term banking facilities credit rating to A (Stable) from the earlier CARE A- (Stable), reflecting a positive development in its credit profile.

Vishnu Chemicals Limited remains optimistic about its medium-term growth prospects while maintaining a balanced domestic and export sales mix to hedge against rising input and logistics costs.

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of Vishnu Chemicals Limited

Vishnu Chemicals Limited belongs to the › sector. Here’s a quick read on where the business and the stock stand today.

VISHNU
Basic Materials › Specialty Chemicals
CONSOLIDATING DOWN
46
Fundamental
66
Technical
56
Overall

1W -8.54%
1M -14.02%
3M -4.1%
P/E: 32.5 Cap: Small
AI-Powered Analysis • TradeAlone
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Vishnu posts a 5.9% three-month gain, but softens in the last few weeks. The PEG stands at 20.57 — severely stretched. Any earnings miss could trigger a sharp de-rating. Thin margins at 8.8% leave limited room for error — any demand softness or cost spike hits the bottom line hard. The stock gives back 7.6% in the last month despite a positive three-month run. As a result, the earlier momentum appears to be fading. The stock holds up despite 4.9% revenue growth and a PEG of 20.57. That could signal an early turnaround. Alternatively, index flows simply support the price. Watch whether analysts revise estimates upward — that is the real signal. Check Fundamentals of Vishnu Chemicals Limited.

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