|Current market price||Rs 171|
|Target price||Rs 220|
The brokerage has requested for a purchase of Rs 220 worth of shares of this iron ore mining company, as against Rs 171 of the current market price, which leads to a rise of about 30% in inventory. According to Sharekhan, NMDC is a play on the strength and volume of sturdy iron ore.
The broker expects a strong (13%) amount of compound annual growth rate of 42 million tons FY 21-23 and good iron ore consumption, which could be 12% / 16% EBITDA / PAT composite annual growth rate on total sales of iron ore 22.5 111 billion and 83.5 billion rupees, excluding% premium levy.
“We have seized Rs 5,500 / 6,400 per tonne in Iron Ore Fine / Galda Fiber Fiber 22E and Rs 4,500,5,200 per tonne in FY23E,” the brokerage said.
“We value NMDC at Rs. 220 per share on the basis of parts valuation, Iron K is 5 times FY23E EV / EBITDA according to our ore business valuation and the steel plant is 25% of its book value. At the current market price, the stock is trading 3.7 times its core iron ore mining business and Provides an attractive dividend yield of 13%.
|Current market price||Rs 819|
|Target price||Rs 965|
The company is undoubtedly one of the largest fraudulent companies on the planet and Motilal Oswal is fairly excited about the listing.
According to the administration’s interplay relationship with Motilal Oswal’s corporate, regardless of the semi-conductor point, it expects recovery and export to India. The firm has a complete electronic vehicle strategy to overlay excess power electronics, management electronics, motors, and many more. For all auto sub-segments (from 2W to bus).
“It has a comprehensive electronic vehicle strategy covering all electronics, control electronics, motors, etc. (from 2W to bus),” the broking agency noted.
“In the first quarter of FY22, India Forge was driven by strong performance segments as well as better blends of power. We maintain our FY22E consolidated revenue of 16% due to strong demand in the export market.
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