NMDC Ltd. News and Updates

Name: Latest research reports of NMDC Ltd. authored by Motilal Oswal and published by - Trendlyne research reports.
Item: NMDC Ltd.
Rating: 5
Author: Motilal Oswal

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NMDC Ltd.

07 Aug 2020

72.14

0.32%

Buy NMDC; target of Rs 120: Motilal Oswal

Moneycontrol

Motilal Oswal is bullish on NMDC recommended buy rating on the stock with a target price of Rs 120 in its research report dated August 04, 2020.

NMDC Ltd. has an average target of 76.50 from 4 brokers.

NMDC Ltd.

07 Aug 2020

72.14

0.32%

Here's a Bull Spread strategy for NMDC by Nandish Shah of HDFC Securities

Business Standard

The short term trend turned positive for NMDC as it has closed above its 5 and 20-day SMA

NMDC Ltd. is trading above all available SMAs

NMDC Ltd.

04 Aug 2020

72.14

0.32%

NMDC July iron ore production, sales up

Business Line

NMDC, the State-owned iron-ore producer, has recorded a sharp rise in overall production and sales in July 2020 as compared to the corresponding perio

Number of FII/FPI investors increased from 651 to 659 in Jun 2025 qtr.

NMDC s produces 2.19 million tonnes of Iron ore in July, sells 2.57 MT

Business Standard | 04 Aug 2020 2 more

NMDC Ltd.

04 Aug 2020

72.14

0.32%

Recovery in volumes and price a positive

Buy: NMDC Ltd.

Target

Motilal Oswal

4 August 2020 volumes increased 7% YoY to 2.57mt on improving demand from steel plants as domestic demand improves. This, coupled with higher international iron ore prices, has enabled NMDC to raise prices this month by INR200/t (~9%) to INR2,360/2,650 per ton for fines/lumps. We believe NMDCs iron ore prices should sustain in 2HFY21 due to rising steel prices (up ~INR2,000/t MoM), higher pellet prices (up 20% MoM to INR7,200/t), and reduced iron ore supply from Odisha mines. Volume growth of 7% YoY reported by NMDC (to 2.57mt) in July20 has surprised and is three months ahead of our expectation of positive volume print in 2HFY21. While iron ore production from several auctioned mines in Odisha has commenced in the current quarter, we believe production from these mines would be lower by >30% YoY in FY21, supporting NMDCs volumes in the near term.

Number of FII/FPI investors increased from 651 to 659 in Jun 2025 qtr.

NMDC Ltd.

01 Aug 2020

72.14

0.32%

Sumit Deb assumes charge as CMD of NMDC

Business Line

Sumit Deb has assumed charge as Chairman-cum-Managing Director of the State-owned iron ore mining major NMDC Ltd from today (August 1).Prior to assumi

NMDC Ltd. is trading above all available SMAs

NMDC Ltd.

26 Jul 2020

72.14

0.32%

NMDC Nagarnar steel plant faces delays in commissioning due to COVID-19 disruptions

Business Today

The National Mineral Development Corporation (NMDC) was first expected to commence steel production at its Nagarnar plant in July 2019, but failed to do so and then the commissioning deadline was shifted to 2020

NMDC Ltd. has an average target of 76.50 from 4 brokers.

NMDC Nagarnar steel plant faces delays in commissioning due to Covid-19

Business Standard | 26 Jul 2020 1 more

NMDC Ltd.

21 Jul 2020, 05:51PM

72.14

0.32%

Sumit Deb succeeds N Bajendra Kumar as CMD of National Mineral Development Corporation

Business Today

Deb, at present Director (Personnel) in the NMDC, will have tenure till February 28, 2023, i.e. the date of his superannuation

NMDC Ltd. is trading above all available SMAs

Sumit Deb appointed CMD of National Mineral Development Corporation

Business Standard | 21 Jul 2020, 03:53PM

NMDC Ltd.

08 Jul 2020

72.14

0.32%

NMDC s Bailadila mines production up by 5% at 1.86 million tonnes in June 2020

Moneycontrol

The Kirandul unit of Bailadila Projects sold 8.47 lakh tonnes of iron ore in June, up 24 per cent over the same month last year.

Number of FII/FPI investors increased from 651 to 659 in Jun 2025 qtr.

NMDC's Bailadila mines log higher iron ore output in June 2020

Business Line | 08 Jul 2020

NMDC Ltd.

08 Jul 2020

72.14

0.32%

Jump in ore prices eases NMDC's woes; shares rebound by 16%

Business Standard

However, with the onset of monsoon, the outlook for steel demand remains subdued in the September quarter

NMDC Ltd. has an average target of 76.50 from 4 brokers.

NMDC Ltd.

01 Jul 2020

72.14

0.32%

NMDC iron ore output remains flat at 2.52 MT in June

Moneycontrol

The company produced 1.86 MT iron ore from its mines in Chhattisgarh, as compared to 1.67 MT in the year-ago month. The sales stood at 1.83 MT as against 1.80 MT in June 2019.

Number of FII/FPI investors increased from 651 to 659 in Jun 2025 qtr.

Is NMDC Ltd. worth buying?

1570 Votes:

Buy 80.64%

Sell 10.13%

Hold 9.24%

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