ICICI Direct has buy call on with a target price of Rs 152. The current market price of NMDC Ltd. is Rs 127.2.
NMDC Ltd., incorporated in the year 1958, is a Large Cap company (having a market cap of Rs 37409.18 Crore) operating in Mining sector.
NMDC Ltd., incorporated in the year 1958, is a Large Cap company (having a market cap of Rs 37409.18 Crore) operating in Mining sector.
Financials
For the quarter ended 31-12-2020, the company reported a Consolidated Total Income of Rs 4460.97 Crore, up 92.39 % from last quarter Total Income of Rs 2318.67 Crore and up 42.22 % from last year same quarter Total Income of Rs 3136.59 Crore. Company reported net profit after tax of Rs 2108.05 Crore in latest quarter.
Investment Rationale
On the oscillator front, monthly RSI resolved out of four years high. Meanwhile, MACD generated bullish crossover and on the verge of resolving out of zero line, indicating acceleration of upward momentum
Promoter/FII Holdings
Promoters held 69.7 per cent stake in the company as of Dec 30, 2020, while FIIs held 4.5 per cent, DIIs 20.5 per cent and public and others 5.4 per cent.
