Buy NMDC, target price Rs 130: ICICI Direct

NMDC Ltd., incorporated in the year 1958, is a Large Cap company (having a market cap of Rs 34610.46 Crore) operating in Mining sector.

By ETMarkets.com | Updated: Nov 25, 2022, 11.13 AM IST

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.

ICICI Direct has buy call on NMDC with a target price of Rs 130. The current market price of NMDC Ltd. is Rs 117.75.
NMDC Ltd., incorporated in the year 1958, is a Large Cap company (having a market cap of Rs 34610.46 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.

Not making enough money in stocks? Click here for real-life stories of successful investors.

Too busy to trade in stocks? Invest in Mutual Funds with ET Money!