RHI Magnesita India Ltd. Share Price

RHI Magnesita India Posts 83% Profit Surge in Q1

RHI Magnesita India Q1 FY27: Profit Surges 83% on Strong Earnings Performance

RHI Magnesita India Finalizes 51:49 JV with Khemka Refractories, Acquires Land in Odisha

RHI Magnesita India Limited has officially formalized its joint venture, RHIM Khemka MINPRO Private Limited, with Khemka Refractories Private Limited, following Board approval on August 3, 2026. Key Deal Highlights: Ownership Structure: RHI Magnesita India holds a controlling 51% stake, while Khemka Refractories holds the remaining 49%. Transaction Details: RHI Magnesita allotted 9,607 equity shares to Khemka at ₹1,990 per share (total consideration of ~₹1.91 crore) on a preferential basis. Asset Acquired: The shares were issued in exchange for 12.87 acres of land located in Dhenkanal, Odisha. Governance: In line with the JV agreement, nominees from Khemka have been appointed to the Board of the new entity. Strategic Rationale: This transaction secures critical land assets for RHI Magnesita's domestic expansion plans in a key industrial region without immediate cash outflow, utilizing an efficient share-swap mechanism. The 51:49 structure ensures RHI Magnesita retains operational and financial control while benefiting from Khemka’s established local refractory expertise and regional market presence. Outlook: The formation of RHIM Khemka MINPRO strengthens RHI Magnesita India's manufacturing footprint and supply chain resilience. It positions the joint venture to effectively capitalize on the growing domestic demand for advanced refractory solutions across India's core industrial and metallurgical sectors.

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Daily Index View : SENSEX as on 03/06/2026

1. Market Trend PROBABILITY 🚨 Current Market Trend: Positive 🚀 -10% 🔍 Key Level to Watch: 75213 🔄 Current Market Surface: The trend will stay Positive until the market stay above 75213 That’s 563 points away from the last day Closing Price of 74650 ATR 1100 2. Demand & Supply PROBABILITY Force is Demand & Supply is High -15% Last 3 days market has been flatish on downside compared to ATR, so supply has very strong firepower — it just needs sentiment support 02 Jun 2026 FII Cash-net (Buy/sell) DII Cash- net (BUY/SELL) -8,363 +9,589.32 3. Reflexivity PROBABILITY First Half is Supportive to Bullish Momentum for at least first half 10% Last day market rallied Intraday more than the 8-day average ATR, so it should keep its momentum intact in the first half 4. Social Proof (Global) PROBABILITY Dow Jones (Last day close) 48185 Up/Donw by 395 -48% Dow jones future (live) 51,209 Up/Donw by -191 Hang seng (Live) 26038 Up/Donw by -405 Nikki 225 (Live) 68402 Up/Donw by 1,668 Sentiments: Dow Jones Futures is Trading Negative & HANG SENG Index is trading Extremely Negative Today, global markets are neutral to slightly positive, and the Indian market has no strong directional bias Top stock to watchout