Sell NMDC, price target Rs 91: CK Narayan

CK Narayan of Chart Advise has a sell call on NMDC Ltd. with a target price of Rs 91.0 . The current price of NMDC Ltd. is Rs 95.7 . CK Narayan recommended to keep a stoploss at Rs 100 .

NMDC Ltd., incorporated in the year 1958, is a Large Cap company (having a market cap of Rs 29914.27 Crore) operating in Mining sector.

NMDC Ltd. key Products/Revenue Segments include Iron Ore which contributed Rs 11997.98 Crore to Sales Value (98.72 % of Total Sales), Pellet which contributed Rs 76.52 Crore to Sales Value (0.62 % of Total Sales), Diamonds which contributed Rs 38.86 Crore to Sales Value (0.31 % of Total Sales), Sale of services which contributed Rs 32.34 Crore to Sales Value (0.26 % of Total Sales), Power which contributed Rs 5.51 Crore to Sales Value (0.04 % of Total Sales), Sponge Iron which contributed Rs .94 Crore to Sales Value (0.00 % of Total Sales) and Other Operating Revenue which contributed Rs .52 Crore to Sales Value (0.00 % of Total Sales)for the year ending 31-Mar-2019.


For the quarter ended 31-12-2019, the company has reported a Consolidated sales of Rs 3006.38 Crore, up 34.11 % from last quarter Sales of Rs 2241.76 Crore and down -17.62 % from last year same quarter Sales of Rs 3649.44 Crore Company has reported net profit after tax of Rs 1374.97 Crore in latest quarter.