BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Target Hit|| Long (1Y)
Macquarie maintains outperform on NMDC
NMDC is safe play on rebound in global iron ore prices. NMDC has limited downside risks to pricing. Valuations are attractive at 7 times price earnings. Company has attractive dividend yield of 8 per cent.