Sell Mishra Dhatu Nigam, target price Rs 350: ICICI Securities

ICICI Securities has sell call on Mishra Dhatu Nigam with a target price of Rs 350. The current market price of Mishra Dhatu Nigam is Rs 419.5.

Mishra Dhatu Nigam Ltd., incorporated in the year 1973, is a Mid Cap company (having a market cap of Rs 7767.12 Crore) operating in Metals - Ferrous sector.

Mishra Dhatu Nigam Ltd. key Products/Revenue Segments include Steel Alloys, Other Operating Revenue, Sale of services for the year ending 31-Mar-2023.



Financials
For the quarter ended 31-12-2023, the company has reported a Consolidated Total Income of Rs 258.19 Crore, up 9.84 % from last quarter Total Income of Rs 235.06 Crore and up 7.42 % from last year same quarter Total Income of Rs 240.37 Crore. Company has reported net profit after tax of Rs 12.49 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 74.0 per cent stake in the company as of 31-Dec-2023, while FIIs owned 0.96 per cent, DIIs 11.84 per cent.