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Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
Macqauire Recommends Sell on NMDC
Macqauire has come out with an 'underperform' rating on NMDC for target price of Rs 90 per share. Macqauire says that company is facing a bleak business cycle and NMDC looks expensive as it trades at 1.3 times to its price to book value. The brokerage sees low demand and little possibility of improvement.