Amey_Kadam

NMDC_Pick for the Long Term

Long
NSE:NMDC   NMDC LTD
Pick for the Long Term!
NMDC is fundamentally very strong counter with very low PE level of 4.68. On technical chart, best levels for accumulation would be from CMP to 132.

PE 4.68
Profit Margin 45%
Promotor Holding 61%
Company is almost debt free
Stock is providing a good dividend yield of 5.45%
Company is expected to give good quarter
Company has delivered good profit growth of 19.78% CAGR over last 5 years
Company has been maintaining a healthy dividend payout of 39.39%

The best thing is that the stock has corrected and consolidated for quite a long time now. Buy and accumulate till 132 level.
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