NMDC Share Price Live Updates: Financial performance on the Rise
NMDC, a leading mining company, has been making waves in the stock market with its impressive financial performance. Over the past three years, NMDC has shown an EPS growth of 17.87% and a revenue growth of 14.73%. In the last twelve months alone, the company’s revenue reached 206699.10 cr, marking a 17.00% increase from the previous fiscal year. Analysts are optimistic about NMDC’s future, predicting a revenue growth of 11.47% and a profit growth of 95.66% in the fourth quarter.
The consensus analysts rating for NMDC is currently Hold, with a median price target of ₹212.0, which is 20.69% lower than the current market price. The lowest target price among analyst estimates is ₹135.0, while the highest target price is ₹280.0 for the next 1 year.
In terms of stock peers, NMDC’s share price rose by 0.49% to reach ₹267.3, outperforming companies like Vedanta and Hindalco Industries, which experienced declines. However, National Aluminium Company, another peer, showed an upward trend. The benchmark indices Nifty and Sensex were both down slightly at -0.05% and -0.01% respectively.
Overall, NMDC’s financial performance and stock price movements indicate a positive outlook for the company in the near future. Investors and analysts are closely monitoring the company’s progress as it continues to show growth and potential in the market.