Buy NMDC, target price Rs 182: Axis Securities

Axis Securities has buy call on NMDC with a target price of Rs 182. The current market price of NMDC is Rs 169.8.
Time period given by analyst is 4 weeks when NMDC price can reach defined target.

NMDC Ltd., incorporated in the year 1958, is a Large Cap company (having a market cap of Rs 49864.26 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.