Orissa Minerals Development Company
The company was engaged in mining operations. The Company’s segments are Iron Ore, Manganese Ore, and Sponge Iron. The Company operates in India till 2011
Mining stopped due to environmental reasons
But now after 10 years, they have received environmental clearance.
Refer
https://www.bseindia.com/corporates/anndet_new.aspx?newsid=ba5a0150-e8dd-4023-a9e2-eac6a22e1550
Mining work will start again after 11 years from Jan 2022 probably
For previous sales data, one can refer to their website, annual report from 2006 are their
https://www.birdgroup.co.in/omdc/annual-reports/
3 years weekly chart looks good
At nice support, Volume profile is also good
Omdc revenue mostly(98%) comes from iron ore only hence iron ore price chart is also important
Iron ore price chart
Heavy drop reached even reached below pre covid level
But no problem as such company will still be nicely profitable at this price also high iron ore price is a plus point
Disclaimer >> Invested
Please do your analysis