Tag: NMDC Brokerage Call

Here’s why NMDC shares advanced 4.4%

bharatkashyap6969
December 13, 2023
Categories: Blog
Tags: Iron Ore, Motilal Oswal, NDMC bill, NDMC share, NDMC share price, NMDC, NMDC Brokerage Call, NMDC Price Target, NMDC Stock price

[ad_1] National Mineral Development Corporation (NMDC’s) stock saw heightened activity during trading hours on Wednesday (December 13), spurred by a positive assessment from brokerage firm Motilal Oswal. Motilal Oswal is optimistic about NMDC’s favourable positioning, citing robust demand and upcoming capacity additions. The company has already implemented price hikes in the current quarter, with the anticipated impact to manifest in both Q3 and Q4. Projections by Motilal Oswal suggest NMDC’s production for FY24 could reach 46 million tonnes, with year-to-date figures already at 27 million tonnes. Looking ahead to FY25, the management anticipates a production capacity of 50 million tonnes, a ... Read more