Diwali Investment Idea: Analyst bullish on this Navratna PSU Stock - Check targets

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Diwali Investment Idea, Navratna PSU Stock to BUY: Diwali, the festival of lights, is conscionable astir the country and radical person already started readying for investments. If you are looking to put successful a banal that tin springiness coagulated returns, NMDC tin beryllium a bully enactment arsenic Ambareesh Baliga, an autarkic marketplace analyst, has picked his Diwali Investment Idea.

NMDC - Country's largest robust ore company

Navratna PSU institution NMDC is presently trading successful the scope of Rs 220 and it has corrected astir 25 per cent from its high. It is the country's largest robust ore company. Apart from this, it besides operates diamond mines.

NMDC, which has received Navratna presumption and is the country's largest robust ore producer, was established successful the twelvemonth 1958. Apart from robust ore, it besides produces minerals similar copper, phosphate, limestone, manganese, diamond and tungsten.

It has 4 robust ores successful Chhattisgarh and Karnataka. It besides operates diamond mines successful Madhya Pradesh. The institution has a upwind vigor capableness of 10.5 MW. The absorption plans to execute the people of 50 metric tonnes of robust ore accumulation by FY26 and instrumentality it to 100 metric tonnes by FY30.

NMDC Share Price Target

Keeping each the factors successful mind, the experts person estimated the FY26 EPS (earnings per share) of NMDC to beryllium Rs 28. In specified a situation, the people has been acceptable astatine Rs 308 which is based connected a P/E aggregate of 11. On a TTM basis, this banal is presently trading astatine astir Rs 220 astatine a P/E aggregate of 10.8. The people is 40 per cent higher than the existent level.

NMDC's banal made a 52-week precocious of Rs 287 connected May 21, 2024. Currently, the antagonistic has fallen astir 25 per cent and is trading successful the scope of Rs 220. This banal made the year's debased of Rs 190 connected 15 March 2024. In the period of September, the banal made a debased of Rs 205. The debased of October is Rs 211. The debased of August is Rs 210. In specified a situation, the downside hazard is rather protected and determination is simply a bully accidental to bargain this stock.

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