With a substantial presence in the market, there are several available Mining Stocks to buy currently.
Hence, with a strategic location for good export opportunities, the mining industry provides some of the most profitable Mining Shares to buy to the investors.
Mining is a significant economic sector in India that has been in the market for a very long time and is flourishing continuously.
Top 10 Mining Stocks to Buy in India – List of Best Mining Shares to Buy
|Rank||Top 10 Stocks|
|5||Gujarat Mineral Development Corporation|
|6||Orissa Minerals Development Company|
|10||Aro Granite Industries|
This article will highlight the Top 10 Mining Stocks available at the moment. According to the ranks, these shares are of Coal India Ltd., NMDC Ltd., KIOCL Ltd., MOIL Ltd., Gujarat Mineral Development Corporation Ltd., Orissa Minerals Development Company Ltd., Ashapura Minechem Ltd., Pokarna Ltd., 20 Microns Ltd. and Aro Granite Industries Ltd.
As of the current economic scenario, India produces four fuel-related minerals, 23 non-metallic minerals, three atomic minerals, ten metallic minerals, and 55 minor minerals.
Statistically, it is the third-largest coal-producing nation, second in terms of crude steel production.
It is also the fourth-largest producer of iron ore, alumina, chromite, and bauxite globally. The mining industry is sure to grow even more as a result of infrastructure development and automotive production.
Therefore, with a guaranteed profit, investing in the Best Mining Stocks to Buy will continue to provide a good dividend over a long period.
Coal India Ltd – Best Mining Shares to buy in India
The top-most position in the list of Best Mining Shares to buy is secured by Coal India Limited or CIL.
This Indian public sector coal mining and refining company is the largest coal-producing company globally.
With a market capitalisation of estimated Rs. 77095.73 crores, the shares have been subjected to massive profits.
Headquartered in Kolkata, Coal India controls 83 mining areas in 8 states in the country and operates through seven of its subsidiaries.
The company has ditched its 52weeks low of 119.20 and has performed extensively to get to a 52weeks high of 217.55.
With a vast turnover every year, it shares a high dividend of 9.59% with the shareholders.
NMDC Ltd – Top Mining Stocks to buy in India
NMDC Limited or National Mineral Development Corporation is another Indian public sector mineral producer that gets the second position.
It is the largest iron-ore producer and exporter in the country and hence is counted among the Best Mining Stocks to buy in India.
The net worth of this profitable venture is around Rs. 27510.72 crores. Alongside its three iron ore producing mechanized mines in Chhattisgarh and Karnataka, NMDC is also involved in other minerals such as copper, rock phosphate, limestone, dolomite, diamond, etc.
The investors receive a dividend of 5.94% from these shares. NMDC has a 52weeks low and high of 61.55 and 139.70, respectively.
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KIOCL Ltd – Most Traded Mining Shares in India
Taking the third position is KIOCL Limited or Kudremukh Iron Ore Company Limited. This Government of India started in 1976 and since then developed rapidly to be among the Most Traded Mining Shares in India.
Headquartered in Bangalore, KIOCL has a total market capitalisation of around Rs. 7833.15 crores.
It is one of the most reputed mining companies in the country; it has performed excellently in the market and has a huge turnover every year.
KIOCL has successfully managed to get back with a bang from its 52weeks lowest of 44.70 to a 52weeks highest of 169.50. The investors earn a dividend of 0.55% from this profitable share.
MOIL Ltd – Top 10 Mining Stocks to buy
Ranking at fifth position in the list of Top 10 Mining Stocks to buy is Manganese Ore India Limited or MOIL.
Headquartered in Nagpur, this state-owned manganese ore mining company is the largest producer of manganese in the country.
The net worth of MOIL is estimated at Rs. 3399.72 crores. This major mining company operates through three opencast mines and seven underground mines within the country.
Established in 1962, the company has managed to do magic in the market and has changed its 52weeks low of 85.55 into a 52weeks high of 170.00.
Being a reasonably profitable investment, MOIL shares a decent dividend of 3.84% with the shareholders.
GMDC Ltd- Best Mining Shares in India
Gujarat Mineral Development Corporation Limited or GMDC Ltd is another state-owned company that holds a position among the Best Mining Shares to buy in India.
Founded in 1963, this major mining and lignite mining enterprise has a total market capitalization of Rs. 1432.59 crores in the market.
Headquartered in Ahmadabad, GMDC has progressed efficiently and since then has become one of the most profitable shares in the country.
According to market analysis, after a 52weeks low of 29.10, it had skyrocketed to fetch a 52weeks high of 72.50.
A primary contender in the mining sector, GMDC, provides a dividend of 4.44% to the investors.
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Orissa Minerals Development Company Ltd – Top Mining Shares to buy in India
It is one of the oldest mining companies in the country. Orissa Minerals Development Company Ltd or OMDC Ltd. is a significant share in the countdown of the Top Mining Shares to buy.
Incorporated in 1918, OMDC is involved in mining and producing iron ore and manganese ore alongside also producing sponge iron.
With a net worth of around Rs. 1369.38 crores, the shares of this company have been a profitable one for quite some time.
It has successfully pulled back its 52weeks lowest of 683.00 and went to secure a 52weeks high of 3140.00.
One of the oldest in the business, people investing in this company receive a dividend of 0.00%.
Ashapura Minechem Ltd – Best Mining Shares to Buy
Ashapura Minechem Limited holds the 7th position in the list of 10 Best Mining Shares to buy in India.
This subsidiary of the Ashapura Group is the largest mine owner in the country. The total market capitalisation of this company is estimated at Rs. 645.87 crores.
A major exporter of Bentonite, Ashapura Minechem ranks as the sixth-largest of Bentonite globally and the largest exporter or Bentonite and metallurgical grade Bauxite from India.
Established in 1982, the company owns several plants in states like Gujarat, Kerala, and Andhra Pradesh.
Its 52weeks low and high was recorded at 18.55 and 77.95, respectively. Investors receive a dividend of 0.00% from this share.
Pokarna Ltd – Best Mining Stocks to buy
The 1991 company, Pokarna Limited, is the next entry into the list of the Best Mining Stocks in India.
A subsidiary of the Pokarna Group, this company has performed outstandingly in the market and has pulled back the shares from a 52weeks low of 45.70 to a 52weeks high of 181.00.
Apart from being the largest granite company in India, Pokarna Ltd is also one of the largest exporters of natural stone.
With a business connection in more than 50 countries, the company has a market capitalization of around Rs. 390.34 crores in the market.
A profitable share undoubtedly, currently, the investors receive a dividend of 0.10%.
20 Microns Ltd – Top Mining Stocks to buy in India
20 Microns Ltd acquires the penultimate rank in the list of Top Mining Stocks in India.
This company, currently at a net worth of Rs. 102.33 crores started in 1987 and has been doing exceptionally well in terms of performance since then.
It is India’s largest producer of white minerals and has an active presence in the field of Specialty chemicals, Functional fillers, and Extenders.
With a stronghold in the trading of calcium carbonate, 20 Microns has the right name in the foreign markets of Asia Pacific, Europe, Australia, and Africa.
The company has recorder a 52weeks low and high of 19.00 and 42.00, respectively, and it shares a dividend of 2.04% with the investors.
Aro Granite Industries Ltd – Mining Stocks to buy
Aro Granite Industries Limited achieves the tenth position. The company is a pretty big name in the mining sector of the country and mainly deals with granite tiles and slabs.
What makes Aro Granite Industries one of the ideal Mining Stocks to buy is its global presence.
This company, with a net capitalization of around Rs. 41.16 crores, exports granite to The United Kingdom, the United States, Germany, Netherlands, Italy, Japan, and some parts of Latin America and Eastern Europe.
The shares are performing well and have risen from a 52weeks low of 14.65 to a 52weeks high of 48.90. At present, the shareholders get a dividend of 0.00%.
Mining Stocks to Buy – Conclusion
This article has provided detailed statistics and facts about the Top 10 Mining Stocks to buy in India.
At the moment, these shares are doing way better than the other competitors and can yield good results if invested correctly.
Hence, one should have a piece of comprehensive knowledge about these outstanding Mining Shares to buy to guarantee a good profit.
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