Buy NMDC, price target Rs 133: CK Narayan

CK Narayan of Chart Advise has a buy call on NMDC Ltd. with a target price of Rs 133. The current price of NMDC Ltd. is Rs 124.9. CK Narayan recommended to keep a stop loss at Rs 122.

NMDC Ltd., incorporated in the year 1958, is a Large Cap company (having a market cap of Rs 38655.85 Crore) operating in Mining sector.

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 and Other Operating Revenue which contributed Rs.52 Crore to Sales Value for the year ending 31-Mar-2019.

For the quarter ended 30-09-2019, the company has reported a Consolidated sales of Rs 2241.76 Crore, down 31.31 % from last quarter sales of Rs 3263.74 Crore and down 8.05 % from last year same quarter Sales of Rs 2437.92 Crore. Company has reported net profit after tax of Rs 701.54 Crore in latest quarter.