Add NMDC, target price Rs 120: ICICI Securities

NMDC Ltd. key Products/Revenue Segments include Iron Ore, Pellet, Diamonds, Sale of services, Power for the year ending 31-Mar-2022.

By ETMarkets.com | Updated: Nov 21, 2022, 10.50 AM IST

Promoters held 60.79 per cent stake in the company as of 31-Dec-2021, while FIIs owned 5.32 per cent, DIIs 21.85 per cent.

ICICI Securities has add call on NMDC with a target price of Rs 120. The current market price of NMDC Ltd. is Rs 115.
NMDC Ltd., incorporated in the year 1958, is a Large Cap company (having a market cap of Rs 32559.03 Crore) operating in Mining sector.

NMDC Ltd. key Products/Revenue Segments include Iron Ore, Pellet, Diamonds, Sale of services, Power for the year ending 31-Mar-2022.

Financials
For the quarter ended 30-09-2022, the company reported a Consolidated Total Income of Rs 3754.77 Crore, down -23.58 % from last quarter Total Income of Rs 4913.06 Crore and down -45.44 % from last year same quarter Total Income of Rs 6882.44 Crore. Company reported net profit after tax of Rs 885.65 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 60.79 per cent stake in the company as of 30-Jun-2022, while FIIs owned 5.89 per cent, DIIs 22.15 per cent.

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