The Economic Times daily newspaper is available online now.

    Buy NMDC, target price Rs 160: Emkay Global

    Synopsis

    NMDC Ltd., incorporated in the year 1958, is a Large Cap company (having a market cap of Rs 38058.79 Crore) operating in Mining sector.

    nmdcAgencies
    Promoters held 69.7 per cent stake in the company as of Sept 30, 2020, while FIIs held 4.5 per cent, DIIs 20.5 per cent and public and others 5.4 per cent.
    Emkay Global has buy call on NMDC Ltd. with a target price of Rs 160. The current market price of NMDC Ltd. is Rs 124.95.

    NMDC Ltd., incorporated in the year 1958, is a Large Cap company (having a market cap of Rs 38058.79 Crore) operating in Mining sector.

    Financials
    For the quarter ended 30-09-2020, the company reported a Consolidated sales of Rs 2229.89 Crore, up 15.09 % from last quarter Sales of Rs 1937.50 Crore and down -.53 % from last year same quarter Sales of Rs 2241.76 Crore. Company reported net profit after tax of Rs 772.53 Crore in latest quarter.

    Promoter/FII Holdings
    Promoters held 69.7 per cent stake in the company as of Sept 30, 2020, while FIIs held 4.5 per cent, DIIs 20.4 per cent and public and others 5.5 per cent.



    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more


    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
    The Economic Times

    Stories you might be interested in