Buy NMDC Ltd, price target Rs 140: Sagar Doshi

Sagar Doshi of Edelweiss Financial Services has a buy call on NMDC Ltd. with a target price of Rs 138 - Rs 140. The current price of NMDC Ltd. is Rs 127.25. Time period given by the analyst is Intra Day when NMDC Ltd. price can reach defined target. Sagar Doshi recommended to keep a stop loss at Rs 120.

NMDC Ltd., incorporated in the year 1958, is a Large Cap company (having a market cap of Rs 38548.69 Crore) operating in Mining sector.

NMDC Ltd. key Products/Revenue Segments include Iron Ore which contributed Rs 11997.98 Crore to Sales Value (98.72 % of Total Sales), Pellet which contributed Rs 76.52 Crore to Sales Value (0.62 % of Total Sales), Diamonds which contributed Rs 38.86 Crore to Sales Value (0.31 % of Total Sales), Sale of services which contributed Rs 32.34 Crore to Sales Value (0.26 % of Total Sales) for the year ending 31-Mar-2019.


For the quarter ended 30-09-2019, the company has reported a Consolidated sales of Rs 2241.76 Crore, down 31.31 % from last quarter sales of Rs 3263.74 Crore and down 8.05 % from last year same quarter sales of Rs 2437.92 Crore. Company has reported net profit after tax of Rs 701.54 Crore in latest quarter.