Buy NMDC, target price Rs 210: Motilal Oswal

Motilal Oswal has buy call on NMDC Ltd. with a target price of Rs 210. The current market price of NMDC Ltd. is Rs 186.55.

NMDC Ltd., incorporated in the year 1958, is a Large Cap company (having a market cap of Rs 54816.98 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 30-09-2023, the company reported a Consolidated Total Income of Rs 4335.02 Crore, down -23.80 % from last quarter Total Income of Rs 5688.87 Crore and up 15.45 % from last year same quarter Total Income of Rs 3754.77 Crore. Company reported net profit after tax of Rs 1024.86 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 60.79 per cent stake in the company as of 30-Jun-2023, while FIIs owned 6.99 per cent, DIIs 17.08 per cent.