Thinking of investing? Motilal Oswal just gave a thumbs-up to NMDC.
It is aiming for the stock to hit ₹85, pointing out that NMDC beat revenue expectations last quarter, even with monsoon slowdowns.
NMDC iron ore production up 19%
NMDC managed a 19% jump in iron ore production compared to last year, though tricky weather meant sales dipped slightly.
Still, their half-year revenue hit ₹13,400 crore and profits stayed steady.
The stock looks reasonably priced right now, and with stable prices plus better earnings per ton this quarter, analysts see plenty of growth potential ahead.