Current price is less than the intrinsic value

Intrinsic Value

Stock has been generating better return on equity than bank FD

ROE vs FD rates

Dividend Returns

Good time to consider, as stock is not in overbought zone

Entry Point

Stock not in ASM/GSM lists and not a lot of promoter holding is pledged

No Red Flags

The company’s production from mines in Chhattisgarh remained flat during June at 1.94 MT. The output from Karnataka mines fell to 0.63 MT as compared to 1.04 MT in June 2021.

NMDC iron ore production falls 14% to 2.57 MT in June

The state-owned miner’s iron ore production skid 13.76% to 2.57 million tonnes (MT) in June 2022 as against 2.98 MT in June 2021.

NMDC June sales drop 14% YoY to 2.57 MT

CMD Sumit Deb, who was in the capital, told Press Trust of India that the demerger of NSP from NMDC is proceeding as planned.

Nagarnar Steel Plant demerger approved by NMDC creditors and shareholders: CMD Sumit Deb

Steel unit commissioning delayed till September following break down at plant

NMDC gets shareholders, creditors approval for demerger of steel unit

The government had in October 2020 approved the demerger of NDMC’s Nagarnar Steel Plant, and sale of its entire stake to a strategic buyer.

NMDC Shareholders, Creditors Approve Nagarnar Steel Plant Demerger

The demerger of NSP from NMDC is progressing, Deb who was in the national capital, told PTI. “We have got (the company’s) shareholders and creditors approval for the demerger process,” he said replying to a question related to the demerger.

NMDC shareholders, creditors approve Nagarnar Steel Plant demerger: CMD

The demerger of NSP from NMDC is progressing, Deb who was in the national capital, told PTI.

NMDC shareholders, creditors approve Nagarnar Steel Plant demerger: CMD Sumit Deb

Lenders, shareholders meeting to demerge steel company on Tuesday

NMDC’s steel plant sale may fetch enterprise valuation of up to $4 bn

The steel ministry had asked NMDC to diversify and move up the value chain.

NMDC’s Chhattisgarh steel plant to be operational in September | The Financial Express

Speaking to ET NOW, Sumit Deb stated that iron ore prices have been extremely volatile and that they have bottomed out. He also added, "Expect prices to improve going forward, margins could be impacted". Claiming that the situation will be better, he said that there will be no further challenges in the steel business demerger and that one can believe that there is sufficient demand in the sector, with no reduction in capex spending. So will iron ore prices drop further? Watch this interview exclusively on ET NOW to find out
Subscribe To ET Now For Latest Updates On Stocks, Business, Trading | ► https://goo.gl/SEjvK3

Subscribe Now To Our Network Channels :-
Times Now  : http://goo.gl/U9ibPb
The NewsHour Debate : http://goo.gl/LfNgFF

To Stay Updated Download the Times Now App :-
Android Google Play :  https://goo.gl/zJhWjC
Apple App Store :  https://goo.gl/d7QBQZ

Social Media Links :-
Twitter - http://goo.gl/hA0vDt
Facebook - http://goo.gl/5Lr4mC
G+ - http://goo.gl/hYxrmj
Website - www.etnownews.com

Iron Ore Prices Have Bottomed Out | Sumit Deb,NMDC | ET Now | Business News

NMDC work showcased at expo

NMDC Limited is engaged in the mining of iron ore. The Company's business segments include Iron Ore and Other minerals & services.

NMDC Ltd

NMDC Ltd

Intrinsic Value
Intrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa

ROE vs FD rates
Fixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's long term average ROE is lower than this rate, investors are better off investing the amount in a FD

Dividend Returns
A dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company

Entry Point
High demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock

News & Opinions

NMDC iron ore production falls 14% to 2.57 MT in June

NMDC June sales drop 14% YoY to 2.57 MT

Nagarnar Steel Plant demerger approved by NMDC creditors and shareholders: CMD Sumit Deb

NMDC gets shareholders, creditors approval for demerger of steel unit

NMDC Shareholders, Creditors Approve Nagarnar Steel Plant Demerger

NMDC shareholders, creditors approve Nagarnar Steel Plant demerger: CMD

NMDC shareholders, creditors approve Nagarnar Steel Plant demerger: CMD Sumit Deb

NMDC’s steel plant sale may fetch enterprise valuation of up to $4 bn

NMDC’s Chhattisgarh steel plant to be operational in September | The Financial Express

News Video

Iron Ore Prices Have Bottomed Out | Sumit Deb,NMDC | ET Now | Business News

NMDC Ltd

Intrinsic ValueIntrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa

ROE vs FD ratesFixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's long term average ROE is lower than this rate, investors are better off investing the amount in a FD

Dividend ReturnsA dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company

Entry PointHigh demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock

News & Opinions

NMDC iron ore production falls 14% to 2.57 MT in June

NMDC June sales drop 14% YoY to 2.57 MT

Nagarnar Steel Plant demerger approved by NMDC creditors and shareholders: CMD Sumit Deb

NMDC gets shareholders, creditors approval for demerger of steel unit

NMDC Shareholders, Creditors Approve Nagarnar Steel Plant Demerger

NMDC shareholders, creditors approve Nagarnar Steel Plant demerger: CMD

NMDC shareholders, creditors approve Nagarnar Steel Plant demerger: CMD Sumit Deb

NMDC’s steel plant sale may fetch enterprise valuation of up to $4 bn

NMDC’s Chhattisgarh steel plant to be operational in September | The Financial Express

News Video

Iron Ore Prices Have Bottomed Out | Sumit Deb,NMDC | ET Now | Business News

Intrinsic Value
Intrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa

ROE vs FD rates
Fixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's long term average ROE is lower than this rate, investors are better off investing the amount in a FD

Dividend Returns
A dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company

Entry Point
High demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock