Buy NMDC, target Rs 108: Manas Jaiswal

Manas Jaiswal of manasjaiswal.com has a buy call on NMDC Ltd. with a target price of Rs 108. The current market price of NMDC Ltd. is Rs 101.75 Time period given by analyst is Intra Day when NMDC Ltd. price can reach defined target. Manas Jaiswal recommended to keep stoploss at Rs 99. NMDC Ltd., incorporated in 1958, is a largecap company with a market cap of Rs 32192.59 crore.

NMDC Ltd. key Products/Revenue Segments include Iron Ore which contributed Rs 8708.90 Crore to Sales Value (98.63 % of Total Sales), Sale of services which contributed Rs 57.84 Crore to Sales Value (0.65 % of Total Sales), Diamonds which contributed Rs 41.91 Crore to Sales Value (0.47 % of Total Sales), Sponge Iron which contributed Rs 13.13 Crore to Sales Value (0.14 % of Total Sales), Power which contributed Rs 7.48 Crore to Sales Value (0.08 % of Total Sales) and Other Operating Revenue which contributed Rs .38 Crore to Sales Value (0.00 % of Total Sales)for the year ending 31-Mar-2017.

For the quarter ended 31-03-2018, the company has reported a Standalone sales of Rs 3883.01 Crore, up 57.27 % from last quarter Sales of Rs 2469.03 Crore and up 35.25 % from last year same quarter Sales of Rs 2871.04 Crore Company has reported net profit after tax of Rs 1105.85 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.Ashok Kumar Angurana, Mr.Bahram Navroj Vakil, Mr.P K Satpathy, Mr.Pradip Bhargava, Mr.Puneet Kansal, Mr.R Sridharan, Mr.Rajesh Mangal, Mr.S M Nigam, Mr.Sandeep Tula, Mr.Saraswati Prasad, Mr.Syedain Abbasi, Mrs.Bhagwati Mahesh Baldewa. Company has Tej Raj & Pal as its auditoRs As on 30-06-2018, the company has a total of 3,163,890,474 shares outstanding.