NMDC Q4 PAT seen up 16.9% YoY to Rs. 1,660 cr: Prabhudas LilladherMoneycontrol • 12 days ago
Net Sales are expected to increase by 9.1 percent Y-o-Y (up 18 percent Q-o-Q) to Rs. 6,380 crore, according to Prabhudas Lilladher.
Share to Feed
Motilal Oswal is bullish on NMDC recommended buy rating on the stock with a target price of Rs 260 in its research report dated March 28, 2024.
In June last year, Reuters reported that NMDC's unit Legacy Iron Ore had signed a lithium exploration pact with Australia's Hancock Prospecting Pty Ltd.
Experts expect the momentum to sustain in the coming weeks, too, with immediate resistance at 22,500-22,600, followed by the medium-term target of 23,000, provided it holds the upward sloping resistance trendline
Prabhudas Lilladher is bullish on NMDC has recommended buy rating on the stock with a target price of Rs 261 in its research report dated February 15, 2024.
NMDC Q3 results: The country’s largest iron ore producer's profit rose 67% on a standalone basis.
Traders are advised to accumulate longs in Nifty with stop-loss of 21,500 on the closing basis.
Experts feel 21,000 is expected to be key to watch in the current week, which is full of events including interim budget, and FOMC meet outcome, while on the higher side, 21,500 is likely to be key hurdle, followed by the resistance of 21,700 levels.
If the Nifty 50 breaks the low of this month around 21,300, the crucial support, then further correction towards 21,000 mark can't be ruled out, while 21,850 will be crucial for further upside in the 'sell on rally' market, experts said
Net Sales are expected to increase by 40.9 percent Y-o-Y (up 30.6 percent Q-o-Q) to Rs. 52.4 crore, according to Prabhudas Lilladher.