NMDC Steel, a newly-listed steel company, is expected to take cues from the commissioning of its plant and an impending stake sale by the government. The company, which was demerged from government-owned NMDC last year, is now trading independently on the bourses. It has an integrated steel plant at…

Chhattisgarh plant, stake sale key to NMDC Steel stock

LIC reduces stake in NMDC to 11.69%

LIC Sells 2% Stake In NMDC Between Dec and Mar, Garners Over Rs 700 Cr; Check Details

LIC Sells 2% Stake In NMDC, Garners Over Rs 700 Cr; Check Details

Life Insurance Corporation (LIC) on Wednesday said it has sold 2 per cent of its equity stake in state-owned NMDC, taking its total shareholding in the public sector unit to 11.69 per cent as of March 14.

LIC sells 2% stake in NMDC between Dec and Mar, gets over Rs 700 crore

Life Insurance Corporation of India (LIC) disclosed that it decreased its stake in NMDC to 11.69% from 13.699% and in TIL to 8.076% from 10.199% earlier.

LIC pares stake in NMDC, TIL

Before joining NMDC, he was General Manager (Finance) at Rail Vikas Nigam Ltd. During his service in IRAS from 1997 -2016, he held a key position in the Eastern Railways. Before joining IRAS, he worked for Indian Oil Corporation Ltd from 1994-1997.

Amitava Mukherjee assumes additional charge as NMDC CMD

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As an IRAS officer, NMDC’s Director (Finance) Amitava Mukherjee held key positions in Eastern Railways.

NMDC’s Director-Finance Mukherjee gets additional charge as CMD

Sharekhan is bullish on NMDC has recommended buy rating on the stock with a target price of Rs 145 in its research report dated February 15, 2023.

Buy NMDC; target of Rs 145: Sharekhan

“The position of the government with regard to the NMDC is quite clear it is not divesting anything from the NMDC stake. We are of course going for the strategic divestment of the Nagarnar Steel Ltd. which has been de-merged from NMDC now. That is the only thing on the offer as far as the NMDC is co…

No plan to impose export duty on steel now; divesting only Nagarnar, not rest of NMDC stake: Secretary

The PSU, currently trading at ₹113.45 per share, can now focus on volume growth with the demerger behind it and prices returning to normalcy

Why should I continue to buy NMDC?

Hasn't faired well - amongst the low performers

Performance

Can be considered moderately valued vs the market

Valuation

Financials growth has been moderate for a few years

Growth

Showing good signs of profitability & efficiency

Profitability

Fundamentals

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

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

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

NMDC Ltd