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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.

ETMarkets.com|
Updated: Oct 30, 2019, 08.45 AM IST
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Independent analyst Kunal Bothra has a buy call on NMDC Ltd. with a target price of Rs 120. The current market price of NMDC Ltd. is Rs 112.35. 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 107. NMDC Ltd., incorporated in 1958, has a market cap of Rs 34399.88 crore.

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.

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Disclaimer: This recommendation is analyst's own and does not represent those of economictimes.com & ETMarkets.com. Please consult your financial advisor before taking any position in the stock/s mentioned.

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