Indian Metals and Ferro Alloys Ltd Share Price

MOMENTUM MANTRA DAILY RUN-UP 📅 24 July 2026

MOMENTUM MANTRA DAILY RUN-UP 📅 24 July 2026 🔔 Opening View Indian markets are likely to open on a strongly negative note, with GIFT Nifty trading near 23,652, down 221.60 points (-0.93%). Weak global cues, sustained geopolitical tensions, and elevated crude oil prices are expected to keep sentiment under pressure, while the 23,700–23,600 zone will remain a key support area to watch. 📉 📈 Market Recap Nifty ended lower for the fourth consecutive session, after opening with a gap-down and facing resistance near the 24,000 mark. Profit booking dragged the index toward 23,800, though late buying helped trim losses before the index closed 0.53% lower. 📊 📈 Nifty Key Levels ▪️ Support: 23,620 | 23,520 ▪️ Resistance: 23,920 | 24,000 💰 FII/DII Flow ▪️ FII: -₹2,999.23 crore ▪️ DII: +₹2,947.14 crore 📊 Options Positioning ▪️ PCR: 0.68 (Bearish) – The low PCR indicates aggressive Call writing and weak Put support, reflecting a cautious to bearish near-term outlook. ▪️ Resistance: 24,000–24,200 zone, with the highest Call OI at 24,000 and 24,200. ▪️ Support: 23,800–23,500 zone, backed by strong Put OI concentration, with the strongest support at 23,800 and 23,500. ▪️ Interpretation: PCR at 0.68 reflects a strong bearish undertone, with Call writers firmly in control. Unless Nifty sustains above 24,000, upside is likely to remain limited. A break below 23,800 could accelerate selling toward 23,700–23,500. 🏭 Sectoral Outlook 🟢 Bank Nifty – Buy on Dips 🟢 PSU Bank – Buy on Dips 🟢 Metal – Buy on Dips 🟢 Energy – Buy on Dips 🟢 Pharma – Buy on Dips 🟢 Auto – Accumulate 🟡 Realty – Stock Specific 🚫 STOCKS IN NEWS

IMFA: GREENFIELD FERRO CHROME EXPANSION PROJECT RECEIVES KEY APPROVALS 🏭⚙️ • ✅ Indian Metals & Ferro Alloys (IMFA) has received the Consent to Operate (CTO) and Factory License for its greenfield ferro chrome expansion project (KNR-1) at Kalinganagar. • 🔥 The company will initiate the process of switching on the first furnace next week, marking the transition from project completion to commissioning. • 🏗️ IMFA expects the first tapping of hot metal between August 15 and August 20, 2026, and will provide a further update in due course. 🟢 Impact: Positive (Receipt of statutory approvals and commencement of commissioning are key milestones that bring the Kalinganagar expansion project closer to commercial production and future capacity growth.)

IMFA's Cost Optimisation Plan Could Strengthen Long-Term Profitability

*Indian Metals & Ferro Alloys (IMFA) plans to gradually shift ferrochrome production to a more cost-efficient facility in Odisha, aiming to save up to ₹100 crore over the coming years. *The company expects this transition to improve operational efficiency while increasing ferrochrome production capacity to around 4 lakh tonnes in the current financial year. *IMFA is also setting up a grain-based ethanol plant, signalling efforts to diversify its business and make better use of existing infrastructure. *Lower logistics and production costs can support healthier operating margins and improve competitiveness in the ferrochrome industry. *While the benefits may take time to reflect in financials, investors should monitor execution, cost savings, capacity utilisation, and demand trends in the metals sector. Learning Outcome: Cost optimisation is one of the strongest drivers of long-term profitability. Companies that consistently improve efficiency and utilise assets better often create sustainable value for shareholders, even without aggressive revenue growth.

BSE Smallcap Index Plunges Nearly 4% in Brutal Week: Heavy Selling Hammers Multiple Stocks

he BSE Smallcap index endured a punishing week, declining nearly 4% amid broad-based selling pressure across the broader market. The index closed the week around 49,912 levels (as of January 9-10 close), reflecting sharp corrections driven by ongoing foreign institutional investor (FII) outflows, geopolitical uncertainties, and concerns over potential US tariff hikes. Sharp Declines in Key Smallcap Stocks Several smallcap names bore the brunt of the selloff, tumbling between 15% and 23% over the week. Notable losers included: Systematix Corporate Services Balu Forge Industries (which saw intense pressure, with sharp daily drops reported in recent sessions) Worth Investment & Trading !VTM

Indian Metals & Ferro Alloys Falls 12% on South African Supply Fears and Price Correction

Shares of Indian Metals & Ferro Alloys (IMFA) plunged as much as 12% on Tuesday—its steepest single-day fall since January last year—closing down 8.3% at ₹1,337, amid growing investor concerns over global supply dynamics and domestic price pressures in the ferrochrome market. The sell-off was triggered by developments in South Africa, a major global ferrochrome supplier, where electricity regulator NERSA is fast-tracking Eskom’s application for a temporary reduction in Non-Performing Allowance (NPA) tariffs for 2026. Since power costs account for 35–40% of ferrochrome production expenses, any relief could enable smelters like Samancor and Glencore-Merafe to restart operations, boosting global supply and pressuring prices. Domestically, ferrochrome prices have corrected sharply from a peak of ₹1.20 lakh/tonne to ₹1.05 lakh/tonne, adding near-term headwinds for IMFA’s margins. With three down days in the last four sessions, the stock’s performance reflects market anxiety over rising competition and potential margin compression due to increased supply from South Africa. Investors are now closely watching tariff decisions and their implications for global ferrochrome pricing and India’s cost competitiveness.