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This Article is From Oct 03, 2024

NMDC - H2 FY25 To Have Price, Volume Recovery: Yes Securities

NMDC - H2 FY25 To Have Price, Volume Recovery: Yes Securities
NMDC Ltd. (Source: Company website)

NDTV Profit's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer NDTV Profit's subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Yes Securities Report

We see that the upcoming holidays in China, the Chinese stimulus towards the property sector, steel cycle entering the winter months which are likely to see production cuts would have a positive impact on the pricing and NMDC Ltd. can stand to benefit from the same.

We value NMDC at six times FY26E enterprise value/Ebitda and revise our price targets on the company from Rs 239/share to Rs 260/share.

Click on the attachment to read the full report:

DISCLAIMER

This report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit.

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