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Indian Metals to acquire Tata Steel's ferro alloys plant for ₹610 crore

market hours1 source ↓written by the desknot a recommendation

in Kalinganagar
₹610 crore

Indian Metals and Ferro Alloys Ltd. announced the acquisition of Tata Steel's ferro alloys plant in Kalinganagar for ₹610 crore, aiming to enhance its ferro alloys capacity. The deal is expected to close within three to six months, aligning with IMFA's growth strategy in the domestic market. Shares initially rose nearly 4% but later turned negative.

Not investment advice. For informational purposes only.

OI Charts is not a SEBI-registered investment adviser or research analyst. This bulletin was written by the OI Charts desk from the public sources listed here. It is commentary on market conditions, not a basis for any investment decision and not a recommendation to buy or sell any security. Prices as of 4 Nov 2025, 15:02 IST.

Sourcesnews.google.com

The market after the news

IMFA closed +1.7% on the day of the news, from ₹1,210.10 to ₹1,230.60; Nifty −0.6% over the same session.

Bulletin at 15:02 IST on 4 Nov 2025. Every change is measured from ₹1,210.10, the last close before it, on 3 Nov. Nifty 50 is measured over the same sessions.

  • IMFA close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
IMFA closes around the bulletin against the close before the news, with Nifty 50 rebased to it104012101380axis spans 33%before the news · 3 Nov1210Nifty 50IMFAbulletinD0+1+3+528 Oct10 Nov19 NovReference close ₹1,210.10. 16 sessions from 28 Oct to 19 Nov; the price axis spans 33 percent.
price axis fixed at 4 × the 14-session true range around the close before the news · values printed at each marked session
Closes after the news against the close before it, with Nifty 50 over the same span
SessionClose ₹Change %Nifty %
Before3 Nov₹1,210.10basebase
On the day4 Nov₹1,230.60▲ +1.7%▼ −0.6%+2.3 pp difference
+1 session6 Nov₹1,129.00▼ −6.7%▼ −1.0%−5.7 pp difference
+3 sessions10 Nov₹1,322.50▲ +9.3%▼ −0.7%+10.0 pp difference
+5 sessions12 Nov₹1,370.80▲ +13.3%▲ +0.4%+12.8 pp difference
Gap at the open, % · ₹
▲ +0.4%+4.72 on 4 Nov
Day's range, % · ₹
8.2%≈ 99 high to low
Volume on the day
6.90×the 20-session average
Futures OI on the day
—
Futures OI open, lots
—
Futures premium, ₹
—
Puts per call, by OI
—
Max pain
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Source NSE UDiFF bhavcopy · IMFA on the desk →

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