Name: Latest research reports of NMDC Ltd. authored by ICICI Securities Limited and published by - Trendlyne research reports.
Item: NMDC Ltd.
Rating: 4
Author: ICICI Securities Limited

NMDC Ltd.

NSE: NMDC | BSE: 526371 | ISIN: INE584A01023 | Industry: Coal & Mining
| Strong Performer, Under Radar

67.9600 0.13 (0.19%)

NSE Apr 22, 2025 15:31 PM

28.80% Fall from 52W High

Volume: 11.7M

NMDC Ltd.

18 Aug 2023

67.96

0.19%

Volume growth amidst lower prices

Accumulate: NMDC Ltd.

Recommendation Target

ICICI Securities Limited

NMDC’s Q1FY24 EBITDA of INR 19.9bn (up 4.9% YoY) was 17.5% and 9.8% ahead of our and consensus’ estimates. Key points: 1) Best-ever quarterly performance barring Q4FY23; 2) focus on volume growth

NMDC Ltd. has an average target of 70.00 from 5 brokers.