scorecardresearchNMDC: Kotak Securities upgrades the stock with a nearly 12% upside; here's the reason

NMDC: Kotak Securities upgrades the stock with a nearly 12% upside; here's the reason

Updated: 16 Sep 2022, 10:23 AM IST
TL;DR.
  • The brokerage firm increased NMDC’s earnings per share (EPS) to 17.1/14.9/12.3 (from 16.4/12.7/9.8) factoring nearly 5% premium to export parity and reduced capex from FY2024-25E assuming deconsolidation of steel plant.
According to a MintGenie poll, an average of 20 analysts have a ‘buy’ call on the stock.

According to a MintGenie poll, an average of 20 analysts have a ‘buy’ call on the stock.