Sell NMDC, target Rs 82: Kunal Bothra

Independent analyst Kunal Bothra has a sell call on NMDC Ltd. with a target price of Rs 82. The current market price of NMDC Ltd. is Rs 90.15. Time period given by the analyst is Intra Day when NMDC Ltd. price can reach the defined target. Kunal Bothra recommended to keep stoploss at Rs 94. NMDC Ltd., incorporated in 1958, has a market cap of Rs 27602.57 crore.

NMDC Ltd. key Products/Revenue Segments include Iron Ore which contributed Rs 11490.93 Crore to Sales Value (98.93 % of Total Sales), Sale of services which contributed Rs 56.17 Crore to Sales Value (0.48 % of Total Sales), Diamonds which contributed Rs 35.17 Crore to Sales Value (0.30 % of Total Sales), Pellet which contributed Rs 25.40 Crore to Sales Value (0.21 % of Total Sales), Power which contributed Rs 6.50 Crore to Sales Value (0.05 % of Total Sales), Other Operating Revenue which contributed Rs .74 Crore to Sales Value (0.00 % of Total Sales)for the year ending 31-Mar-2018.

For the quarter ended 30-06-2019, the company has reported a Consolidated sales of Rs 3263.74 Crore, down -10.42 % from last quarter Sales of Rs 3643.32 Crore and up 34.75 % from last year same quarter Sales of Rs 2421.99 Crore Company has reported net profit after tax of Rs 1178.01 Crore in latest quarter. The company’s top management includes CA.A K Srivastava, Dr.Narendra K Nanda, Dr.Syamal Kumar Sarkar, Mr.Alok Kumar Mehta, Mr.Amitava Mukherjee, Mr.Ashok Kumar Angurana, Mr.N. Baijendra Kumar, Mr.P K Satpathy, Mr.Pradip Bhargava, Mr.S M Nigam, Mr.Sandeep Tula, Mr.Saraswati Prasad, Mrs.Bhagwati Mahesh Baldewa, Mrs.Rasika Chaube. Company has Tej Raj & Pal as its auditors. As on 30-06-2019, the company has a total of 3,061,849,659 shares outstanding.