Buy NMDC, target Rs 104: Kunal Bothra

Independent analyst Kunal Bothra has a buy call on NMDC Ltd. with a target price of Rs 104. The current market price of NMDC Ltd. is Rs 97.1. Time period given by the analyst is Intra Day when NMDC Ltd. price can reach the defined target. Kunal Bothra recommended to keep stoploss at Rs 93. NMDC Ltd., incorporated in 1958, is a largecap company with a market cap of Rs 30721.38 crore.

NMDC Ltd. key Products/Revenue Segments include Iron Ore which contributed Rs 11490.93 Crore to Sales Value (98.93 % of Total Sales), Sale of services which contributed Rs 56.17 Crore to Sales Value (0.48 % of Total Sales), Diamonds which contributed Rs 35.17 Crore to Sales Value (0.30 % of Total Sales), Pellet which contributed Rs 25.40 Crore to Sales Value (0.21 % of Total Sales), Power which contributed Rs 6.50 Crore to Sales Value (0.05 % of Total Sales), Other Operating Revenue which contributed Rs .74 Crore to Sales Value (0.00 % of Total Sales)for the year ending 31-Mar-2018.

For the quarter ended 31-12-2018, the company has reported a Standalone sales of Rs 3649.44 Crore, up 49.69 % from last quarter Sales of Rs 2437.92 Crore and up 47.81 % from last year same quarter Sales of Rs 2469.03 Crore Company has reported net profit after tax of Rs 1576.70 Crore in latest quarter. The company’s top management includes CA.A K Srivastava, Dr.Narendra K Nanda, Dr.Syamal Kumar Sarkar, Dr.T R K Rao, Mr.Amitava Mukherjee, Mr.Ashok Kumar Angurana, Mr.N. Baijendra Kumar, Mr.P K Satpathy, Mr.Pradip Bhargava, Mr.S M Nigam, Mr.Sandeep Tula, Mr.Saraswati Prasad, Mrs.Bhagwati Mahesh Baldewa, Mrs.Rasika Chaube. Company has Tej Raj & Pal as its auditoRs As on 31-12-2018, the company has a total of 3,163,890,474 shares outstanding.