Add NMDC, target price Rs 277: ICICI Securities

ICICI Securities has add call on NMDC with a target price of Rs 277. The current market price of NMDC Ltd. is Rs 248.
NMDC Ltd., incorporated in the year 1958, is a Large Cap company (having a market cap of Rs 72679.03 Crore) operating in Mining sector.

NMDC Ltd. key Products/Revenue Segments include Iron Ore, Pellet, Sale of services, Power, Other Operating Revenue for the year ending 31-Mar-2023.



Financials
For the quarter ended 31-12-2023, the company reported a Consolidated Total Income of Rs 5746.47 Crore, up 32.56 % from last quarter Total Income of Rs 4335.02 Crore and up 46.42 % from last year same quarter Total Income of Rs 3924.75 Crore. Company reported net profit after tax of Rs 1469.73 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 60.79 per cent stake in the company as of 31-Dec-2023, while FIIs owned 9.91 per cent, DIIs 17.04 per cent.