Company updateMoneycontrol
Motilal Oswal buys NMDC target Rs 85
Positive+40
GreyOak summary
Motilal Oswal reiterated a Buy rating on NMDC with a target price of Rs 85. The report noted NMDC's Q2FY27 revenue grew 4% YoY to INR66b despite a 23% QoQ decline due to monsoon-induced volume disruptions. Iron ore production rose 19% YoY to 12.2mt, while sales fell 4% YoY. The stock trades at 4.4x EV/EBITDA based on FY28 estimates.
What it affects
- NMDCPositive +40
Rolling sentiment Neutral -11
Source
Read the original at MoneycontrolMore NMDC news
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