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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. ....
LKP Securities initiates buy rating on NMDC with target price of ₹297/share, expecting 20% increase. The company, largest iron ore producer in India, plans aggressive mine capacity expansion to meet growing steel demand. ....
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. ....
The board of the company has also approved an interim dividend of ₹5.75 per equity share for 2023-24 and fixed February 27 as the record date for the purpose. ....