Sell NMDC, target Rs 120: Pritesh Mehta

Pritesh Mehta of IIFL has a sell call on NMDC with a target price of Rs 120.

The current market price of NMDC is Rs 130.50.

Time period given by the analyst is 'Intra Day' when NMDC price can reach defined target.

Pritesh Mehta recommended to keep a stop loss at Rs 133.

NMDC, incorporated in the year 1958, is a Large Cap company (having a market cap of Rs 40,940.74 Crore) operating in Mining sector.

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.D S Ahluwalia, Mr.P K Satpathy, Mr.Pradip Bhargava, 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 31-12-2017, the company has a total of 3,163,890,474 shares outstanding.