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    Buy NMDC, target price Rs 130: ICICI Direct

    Synopsis

    NMDC Ltd., incorporated in the year 1958, is a Large Cap company (having a market cap of Rs 34610.46 Crore) operating in Mining sector.

    buy sell
    Promoters held 60.79 per cent stake in the company as of 30-Jun-2022, while FIIs owned 5.89 per cent, DIIs 22.15 per cent.
    ICICI Direct has buy call on NMDC with a target price of Rs 130. The current market price of NMDC Ltd. is Rs 117.75.
    NMDC Ltd., incorporated in the year 1958, is a Large Cap company (having a market cap of Rs 34610.46 Crore) operating in Mining sector.

    NMDC Ltd. key Products/Revenue Segments include Iron Ore, Pellet, Diamonds, Sale of services, Power for the year ending 31-Mar-2022.


    Financials
    For the quarter ended 30-09-2022, the company reported a Consolidated Total Income of Rs 3754.77 Crore, down -23.58 % from last quarter Total Income of Rs 4913.06 Crore and down -45.44 % from last year same quarter Total Income of Rs 6882.44 Crore. Company reported net profit after tax of Rs 885.65 Crore in latest quarter.



    Promoter/FII Holdings
    Promoters held 60.79 per cent stake in the company as of 30-Jun-2022, while FIIs owned 5.89 per cent, DIIs 22.15 per cent.



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    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
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