Buy NMDC, target price Rs 166: ICICI Direct

ICICI Direct has buy call on NMDC with a target price of Rs 166. The current market price of NMDC Ltd. is Rs 152.25. Time period given by analyst is 3 months when NMDC Ltd. price can reach defined target.

NMDC Ltd., incorporated in the year 1958, is a Large Cap company (having a market cap of Rs 44442.64 Crore) operating in Mining sector.

NMDC Ltd. key Products/Revenue Segments include Iron Ore, Pellet, Sale of services, Diamonds, Power and Other Operating Revenue for the year ending 31-Mar-2021.



Financials
For the quarter ended 31-12-2021, the company reported a Consolidated Total Income of Rs 6026.68 Crore, down -12.43 % from last quarter Total Income of Rs 6882.44 Crore and up 35.10 % from last year same quarter Total Income of Rs 4460.97 Crore. Company reported net profit after tax of Rs 2048.40 Crore in latest quarter.

Promoter/FII Holdings
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.