Table of Contents
What is happening with NMDC?
NMDC LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 11/11/2021 ,inter alia, to consider and approve and take on record the Unaudited Financial Results (Standalone and Consolidated) of the Company for the second quarter and half year ended 30th September 2021.
What is the future of NMDC stock?
| Date | Stock | Target |
|---|---|---|
| 09 Feb 2021 | NMDC Ltd. | 145.00 |
| 03 Dec 2020 | NMDC Ltd. | 125.00 |
| 18 Nov 2020 | NMDC Ltd. | 98.00 |
| 11 Nov 2020 | NMDC Ltd. |
Will NMDC shares rise?
Will NMDC stock price grow / rise / go up? Yes. The NMDC stock price can go up from 134.950 INR to 157.646 INR in one year.
Why NMDC is increasing?
Strong steel demand in the country is driving demand for iron ore, the key raw material used for manufacturing steel. This is boosting prospects of NMDC, the country’s largest iron-ore producer. The company’s iron-ore sales in March jumped 51.1\% year-on-year (y-o-y).
Is NMDC undervalued?
Compared to the current share price of ₹156, the company appears quite undervalued at a 49\% discount to where the stock price trades currently. Remember though, that this is just an approximate valuation, and like any complex formula – garbage in, garbage out.
What is the target of NMDC share?
NMDC Ltd., incorporated in the year 1958, is a Large Cap company (having a market cap of Rs 39152.89 Crore) operating in Mining sector. Centrum Broking has buy call on NMDC with a target price of Rs 176. The current market price of NMDC Ltd. is Rs 134.65.
Is Nmdc a good stock to buy?
ICICI Securities has recommended that NMDC stock with a target price of Rs 175. The company anticipates a +25 percent growth from the stock’s current market price of Rs 140. NMDC is one of the world’s lowest-cost iron ore producers.
How does a stock market crash?
A stock market crash is a sudden dramatic decline of stock prices across a major cross-section of a stock market, resulting in a significant loss of paper wealth. Crashes are driven by panic selling and underlying economic factors. They often follow speculation and economic bubbles.
Why is nifty falling?
The benchmark indices at BSE and NSE fell sharply by over 2.9 per cent on Friday as concerns mounted over new Covid variant, there was anxiety around US central bank likely to wrap up its stimulus programme and raise interest rates earlier than expected in the wake of rise in inflation.
Is Nmdc a good investment?
ICICI Securities has recommended that NMDC stock with a target price of Rs 175. The company anticipates a +25 percent growth from the stock’s current market price of Rs 140. NMDC is India’s largest merchant iron ore miner, having been founded in 1958. NMDC is one of the world’s lowest-cost iron ore producers.