Buy NMDC for 33% upside as Iron ore prices are now bottoming across the globe

Discussion in 'Latest Brokerage Stock Buy-Sell Reports' started by Vidhi Khanna, Sep 13, 2024 at 5:35 PM.

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  1. Vidhi Khanna

    Vidhi Khanna Active Member Staff Member

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    NMDC’s stock has been under pressure amid falling iron ore prices. However, Iron ore prices are now bottoming across the globe. Short-term rally is expected. Valuations at 7.6x FY26E PE are inexpensive. The stock has corrected ~10% in the last one month. TP ₹286 (33%)

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    Vidhi Khanna, Sep 13, 2024 at 5:35 PM
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