Nuvama Identifies Top Picks in Metals & Mining Ahead of Q4 Earnings; Dhabriya Polywood Secures Major Order
Nuvama Institutional Equities has identified Vedanta Ltd, Hindustan Zinc Ltd, and NMDC Ltd as top picks based on upcoming Q4 earnings. Dhabriya Polywood has won a ₹34.81 crore work order for aluminium doors and windows, aiming for completion in 18 months.
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Nuvama expects Vedanta's net profit to increase by 120.6% YoY to ₹8,108 crore, driven by a 20.2% rise in sales to ₹48,624 crore. Hindustan Zinc is projected to achieve a 59.4% YoY profit growth to ₹4,742 crore on a 34.3% sales increase to ₹12,142 crore.
NMDC's profit is anticipated to rise by 26.5% YoY to ₹1,893 crore, supported by a 40.6% sales increase to ₹9,775 crore. Dhabriya Polywood has secured a ₹34.81 crore order for aluminium projects, part of a growing market expected to expand at a CAGR of 10%.
This could bolster the company's revenue, which grew 19.6% to ₹65.66 crore in Q3 FY26, while net profit surged 100.5% to ₹7.66 crore. The shifting dynamics in the metals sector, including price fluctuations in aluminium and zinc, will impact profitability.
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