Buy NMDC, target price Rs 174: Centrum Broking

Centrum Broking has buy call on NMDC with a target price of Rs 174. The current market price of NMDC Ltd. is Rs 109.85. Time period given by analyst is one year 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 32324.58 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 31-03-2022, the company reported a Consolidated Total Income of Rs 7034.83 Crore, up 16.73 % from last quarter Total Income of Rs 6026.68 Crore and up 1.47 % from last year same quarter Total Income of Rs 6932.75 Crore. Company reported net profit after tax of Rs 1812.98 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.