“NMDC’s OFS price is a good entry point for investors considering its strong business fundamentals in terms of iron ore price and demand,” said Abhijeet Bora, analyst, Sharekhan. “Also, the government s stake sale would increase the free float for NMDC and that bodes well for a potential increase of NMDC’s weightage in MSCI Index going forward.”
NMDC shares declined 3.3% to Rs 169.45 on Tuesday. The stock is currently trading at a Price to Book (P/ B) Value a valuation measure of 1.72 times, which, according to analysts, is not expensive.
The government currently owns a 68.29% stake in the company. Its stake will come down to 60.8% if investors subscribe to the entire issue.
Analysts impressed by UltraTech s Q4 show, see up to 25% upside
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Synopsis
UltraTech Cement reported a 61.5 per cent year-on-year rise in net profit to Rs 1,778 crore.
The cement maker’s topline soared 34.6% on-year to Rs 13,784 crore in Q4.
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NEW DELHI: Upbeat on
UltraTech Cement, analysts are and see a potential upside of up to 25 per cent in the stock after the cement market delivered another quarter of robust performance riding on strong volumes, lower costs and an increase in market share.
UltraTech Cement reported a 61.5 per cent year-on-year rise in net profit to Rs 1,778 crore in Q4. Its topline jumped 34.6 per cent on-year to Rs 13,784 crore in the final quarter of the financial year 2020-21, reflecting strong demand and pricing conditions for the industry.