NMDC s shares hit a 14-year peak of ₹271.70, up 1% on Monday, maintaining an upward trend since June 2023 with a gain of 143%. LKP Securities recently initiated coverage on the stock with a buy rating and a target price of ₹297 per share.
NMDC shares today surged 5.76 per cent to settle at Rs 248. At this price, the stock traded 1.84 per cent lower than its one-year high value of Rs 252.65, a level seen earlier this year on February 15.
NMDC shares last traded at 4.5 times FY26 estimated EV/Ebitda and 1.7 times FY26 estimated book value. The stock delivered 83 per cent return in the past one year against 95 per cent return by the BSE PSU index during the same period.
Shares of GMDC surged more than 11 per cent to Rs 502.15 on Tuesday, hitting its new 52-week high, commanding a total market capitalization close to Rs 16,000 crore.