Hold on to NDMC: Seshadri Bharathan, KSEMA Fincon Ltd
Seshadri Bharathan, MD & CEO, KSEMA Fincon Ltd, in a chat with ET Now talks about NDMC.
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| Seshadri Bharathan, MD & CEO, KSEMA Fincon Ltd, in a chat with ET Now talks about NDMC.
Do you like NDMC?
Definitely yes, I would advise investors to hold on to the stock primarily because we are seeing that the iron ore prices contracts are being renegotiated at higher price. NMDC is also renegotiated its contract for supply or iron ore to south Korean Japanese companies at 10-15% increment.
So I feel that it makes sense, even iron ore fine prices have been increased by around 11% and 60% of the iron ore mines are fine. So in that sense yes, investor should hold on to the stock and we can see an appreciation of around 5-10% in next 3 to 6 months time.
Do you like NDMC?
Definitely yes, I would advise investors to hold on to the stock primarily because we are seeing that the iron ore prices contracts are being renegotiated at higher price. NMDC is also renegotiated its contract for supply or iron ore to south Korean Japanese companies at 10-15% increment.
So I feel that it makes sense, even iron ore fine prices have been increased by around 11% and 60% of the iron ore mines are fine. So in that sense yes, investor should hold on to the stock and we can see an appreciation of around 5-10% in next 3 to 6 months time.
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