Sandur Manganese & Iron Ores (SANDUMA) Share Price Hits Fresh High on Dec 24, 2025: What’s Behind the Surge, Latest Filings, and Outlook

Sandur Manganese & Iron Ores Ltd (NSE: SANDUMA, BSE: 504918) is firmly in the spotlight on 24 December 2025, after a sharp upside move backed by heavy volumes and a wide intraday trading range. By midday, exchange quotes showed the stock trading in the mid-₹240s, up roughly high single-digits on the session, while also printing an intraday peak around the low-₹250s. ^[1]

Momentum-driven moves like this tend to attract two very different crowds at once: breakout traders looking for continuation, and longer-term investors asking the more boring (but profitable) question—what changed in the business and disclosures, and does the valuation still make sense? Here’s a detailed, publication-ready roundup of the news flow, company filings, and third‑party analysis available as of 24.12.2025.

SANDUMA share price today: the Dec 24, 2025 move in numbers

Intraday data across major market trackers shows a session defined by both strength and volatility:

Live market trackers around midday showed BSE near ₹246 and NSE near ₹245, up roughly 8% on the day, with reported volumes in the millions of shares on BSE and tens of millions on NSE. ^[2]
MarketsMojo reported the stock opened around ₹228.93, traded as low as ₹228.01, and hit a new 52‑week high near ₹253.30, with ~1.84 crore shares traded and an estimated traded value of ~₹448.68 crore on the day. ^[3]
Other trackers similarly pegged the 52‑week band at roughly ₹112.4 on the low end and ₹253.3 on the high end as of Dec 24. ^[4]

A key point for readers: depending on the platform, the “52‑week high” figure can briefly lag when a stock makes a fresh high intraday, and some sites handle corporate actions (like bonus issues) differently in historical charts. When comparing levels, focus on intraday high/low and recent closes from the same source whenever possible. ^[5]

What’s driving the rally? Momentum first—then the filing trail

On 24 Dec 2025, the most consistent explanation across market commentary is simple: price momentum + heavy participation.

MarketsMojo’s coverage frames SANDUMA as one of the most actively traded counters by value on the day, noting consecutive gains and the stock trading above key moving averages—classic conditions for a momentum burst. ^[6]

But when a stock starts moving fast, the natural question is whether something material happened that hasn’t been widely digested yet.

Recent “volume movement” clarifications: company says no undisclosed information

Sandur Manganese & Iron Ores has recently responded to exchange surveillance queries about unusual volume. In letters dated 15 December 2025, the company told both NSE and BSE that it had made all required disclosures under Regulation 30 of SEBI (LODR), and that it had not withheld any information that could explain the price/volume behavior—stating the move was market driven. ^[7]

That doesn’t “explain” the rally in a causal sense (markets can stampede for many reasons), but it does clarify one important point for readers: as per the company’s own filing, the mid‑December surge in trading activity wasn’t linked to an undisclosed corporate development. ^[8]

The fundamental catalysts investors are watching: mining capacity and regulatory approvals

Even when a breakout is momentum-led, it often happens on top of a foundation of business and regulatory milestones. In Sandur’s case, several filings in late 2025 are directly tied to operating permissions and throughput—critical for any mining-led earnings model.

1) KSPCB consent for operation expansion (CFO-Expand)

In a filing dated 12 November 2025, the company disclosed that the Karnataka State Pollution Control Board (KSPCB) granted Consent for Operation – Expansion (CFO‑Expand) for specified manganese and iron ore mine activities, including stated capacities for Mining Lease No. 2679 and a downhill pipe conveyor system (Mining Lease No. 2678). ^[9]

Notably, the filing references:

Iron ore mining capacity figures for FY 2025‑26 and subsequent years, and
Enhanced manganese ore mining capacity for FY 2025‑26 through FY 2027‑28, subject to statutory approvals and the relevant monitoring framework. ^[10]

2) Allocation of Maximum Permissible Annual Production (MPAP)

In another disclosure dated 21 November 2025, Sandur said it received MPAP allocation for Mining Lease No. 2679 from the Monitoring Committee constituted by the Supreme Court of India, including pro‑rata adjusted iron ore MPAP for the balance of FY 2025‑26 and an enhancement to manganese ore MPAP for FY 2025‑26. ^[11]

For mining companies, MPAP and consent orders matter because they can translate—when demand and pricing cooperate—into higher dispatch volumes and improved operating leverage.

3) MoEF&CC approval for forest land diversion tied to logistics

In a filing dated 3 October 2025, the company disclosed receipt of final approval from the Ministry of Environment, Forest and Climate Change (MoEF&CC) for diversion of 2.4314 hectares of forest land for establishing a Downhill Conveyor Pipe System (DCS) from the Kammathuru Iron Ore Mine to a railway siding, subject to conditions. ^[12]

Mining profitability often hinges not just on digging, but on moving material efficiently—so logistics-linked approvals can be operationally meaningful, even if markets take time to price them in.

4) Promoter-group amalgamation approval: structure change, not aggregate control

A separate filing dated 20 November 2025 disclosed that the NCLT Bengaluru Bench approved a scheme of amalgamation among certain promoter-group companies into Lohagiri Industrials Pvt Ltd, with the company stating there would be no change in the aggregate shareholding of the promoter group. ^[13]

This kind of restructuring can trigger fresh disclosures and paperwork (including SAST filings), but it is not automatically the same thing as new buying or selling pressure—especially when the stated aggregate holding remains unchanged. ^[14]

Business snapshot: what Sandur actually does

Sandur Manganese & Iron Ores operates across a set of mining-and-processing verticals that matter for earnings sensitivity:

The company’s investor site lists business verticals including Mines (manganese ore and iron ore), Ferroalloys, and Coke & Energy. ^[15]
Simply Wall St’s company description also highlights mining operations tied to Karnataka (Deogiri area). ^[16]

For investors, the practical takeaway is that SANDUMA’s results can be influenced by:

Ore prices and realizations,
Regulatory/permit constraints and allowed production,
Cost structure (including power/fuel/logistics), and
Cyclicality in steel and metals demand.

Q2 results: the latest financial pulse being cited on Dec 24, 2025

While today’s move is about price action, the market also has fresh financial context.

LiveMint’s Q2 results dashboard (for the quarter ended September 2025) highlights:

Total Income: ₹1,232.34 crore
Operating Profit: ₹219.41 crore
Profit After Tax: ₹138.52 crore
It also shows quarter-on-quarter comparisons (e.g., revenue up QoQ while net income was lower QoQ). ^[17]

For readers who track quality-of-growth rather than just growth itself, the QoQ pattern (revenue improvement alongside lower net income) usually prompts follow-up questions on:

Realizations vs. volumes,
Cost movement (power/freight),
Mix shifts, or
One-offs in the base quarter.

Those answers typically sit inside the company’s detailed results and presentation materials, but the headline numbers above are what most market dashboards are surfacing today. ^[18]

Valuation and “fair value” narratives surfacing today

Price surges often trigger a second wave of content: valuation explainers that try to answer whether the rally has “gone too far.”

Simply Wall St’s Dec 24 intrinsic value view

On 24 December 2025, Simply Wall St published a DCF-based intrinsic value write-up stating:

A projected fair value around ₹280 (two-stage Free Cash Flow to Equity model), and
A reference “current share price” around ₹227 at the time of its analysis, implying the stock was trading close to fair value (in its framework). ^[19]

Important nuance for publication: that ₹227 reference price is time-stamped to when their model snapshot was run and may differ from the live market price during the Dec 24 rally. Still, it’s a widely shared valuation anchor hitting the news cycle today—exactly the sort of piece that can influence “buy the breakout vs. wait for a pullback” debates.

Market cap and valuation metrics vary by source

Retail platforms also display valuation ratios and market cap estimates that can differ because of update timing and exchange selection. For example, LiveMint lists market cap figures and TTM P/E on its stock page, while ICICIdirect provides its own market cap and ratio snapshots with its timestamps. ^[20]

For an article intended for Google News/Discover audiences, the most responsible way to frame this is:

Use valuation metrics as context, not as a single “truth number,” and
Tie the narrative back to what moves earnings in mining: permitted output, realizations, and cost curve.

Forecasts and technical outlook: what the models are saying (and what they aren’t)

This is the part readers love—and the part that needs the most disclaimers.

MarketsMojo: momentum framing

MarketsMojo’s Dec 24 coverage emphasizes:

Consecutive gains and the stock trading above multiple moving averages, and
A high‑participation session with broad outperformance. ^[21]

That is effectively a “technicals supportive” narrative—descriptive, not predictive.

Stockinvest.us: a quantified short-term projection

Stockinvest.us (updated Dec 23, 2025) publishes a model-based forecast stating the stock is in a wide rising trend and is “expected” (per its model) to rise over the next three months, with an estimated probability range that spans roughly the low‑₹200s to mid‑₹270s. ^[22]

Two cautions worth putting in print:

These are automated, indicator-driven projections, not broker research.
For Indian stocks that have undergone corporate actions (like bonus issues), some third‑party datasets can display unadjusted historical levels—so readers should cross-check any “52‑week” references across multiple sources.

Debt/corporate actions: what showed up in notices this month

Equity investors don’t always track debt-segment notices, but they can matter for cash flow planning and corporate housekeeping.

A BSE notice dated 12 December 2025 referenced Sandur Manganese & Iron Ores fixing a record date for payment of interest and part redemption of non-convertible debentures, and indicated that trading in the debentures would be with reduced face value from the effective date (record date listed as 16/12/2025 in the notice). ^[23]

This is not an equity dilution event, but it is part of the broader capital structure story.

What to watch next after the Dec 24 breakout

For investors and readers trying to separate signal from noise, the next few checkpoints are more important than today’s headline percent move:

Follow-up disclosures
If price/volume stays elevated, exchanges may continue to monitor activity. The company has already stated in recent filings that volume spikes were market driven and that it has not withheld price-sensitive information. ^[24]
Execution against allowed production
CFO-Expand and MPAP allocations are inputs. The output is whether the company can translate permissions into steady production, dispatches, and realizations. ^[25]
Logistics and compliance milestones
The MoEF&CC approval for forest land diversion linked to the DCS points to continued work on movement efficiency—often a quiet driver of margins in mining. ^[26]
Earnings quality in the next results cycle
The Q2 snapshot being circulated today provides the latest baseline for how the business performed recently; the next reporting cycle will test whether recent operational permissions and market conditions are flowing through. ^[27]

Bottom line

Sandur Manganese & Iron Ores Ltd (SANDUMA) is having a classic “attention day” on 24 December 2025: a strong upside move, heavy trading volumes, and a fresh high that pushes the stock into breakout territory. ^[28]

The most defensible way to frame the story for readers is:

Today’s move is primarily about momentum and participation.
The recent filings provide operational context (permits, production limits, logistics approvals) that longer-term investors care about. ^[29]
Valuation narratives are now circulating (including a Dec 24 DCF-style fair value estimate), but these should be treated as model-based reference points rather than certainty. ^[30]

References