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Indian Metals acquires Tata Steel asset for ₹610 crore

pre-market1 source ↓written by the desknot a recommendation

in Odisha
₹610 crore

Indian Metals & Ferro Alloys has entered an Asset Transfer Agreement with Tata Steel to acquire a ferro alloys plant in Odisha for ₹610 crore. The acquisition aims to enhance capacity and leverage cost synergies from nearby mines. Additionally, the company declared an interim dividend of ₹5 per share for FY26.

This strategic move may strengthen Indian Metals' position in the domestic market, potentially boosting investor sentiment.

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 5 Nov 2025, 07:16 IST.

Sourcesnews.google.com

The market after the news

IMFA closed −8.3% on the day of the news, from ₹1,230.60 to ₹1,129.00; Nifty −0.3% over the same session.

Bulletin at 07:16 IST on 5 Nov 2025. Every change is measured from ₹1,230.60, the last close before it, on 4 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 it105712311404axis spans 33%before the news · 4 Nov1231Nifty 50IMFAbulletinD0+1+3+529 Oct11 Nov20 NovReference close ₹1,230.60. 16 sessions from 29 Oct to 20 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 %
Before4 Nov₹1,230.60basebase
On the day6 Nov₹1,129.00▼ −8.3%▼ −0.3%−7.9 pp difference
+1 session7 Nov₹1,197.00▼ −2.7%▼ −0.4%−2.3 pp difference
+3 sessions11 Nov₹1,346.50▲ +9.4%▲ +0.4%+9.0 pp difference
+5 sessions13 Nov₹1,312.40▲ +6.7%▲ +1.1%+5.5 pp difference
Gap at the open, % · ₹
▲ +0.9%+11.44 on 6 Nov
Day's range, % · ₹
12%≈ 150 high to low
Volume on the day
2.19×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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