Thanks @Dinesh_476 for the detailed working. Agree with you on the part that NMDC has good prospects, however, currently its trading above BV, hence limited margin of safety. Given direct co-relation with iron ore prices (which are expected to cool down due to macro factors), I would continue to watch the market.
Gold and Diamond mining are adjacencies which will take time to play out.
Disclosure: Not invested, studying
Subscribe To Our Free Newsletter |