Buy NMDC, target Rs 120: Kunal Bothra
Buy NMDC Ltd. at a price target of Rs 120.0 and a stoploss at Rs 107 from entry point.
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 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.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.Saraswati Prasad, Mr.Sumit Deb, Mrs.Bhagwati Mahesh Baldewa, Mrs.Rasika Chaube. Company has Tej Raj & Pal as its auditors. As on 30-09-2019, the company has a total of 3,061,849,659 shares outstanding.