NeeteshJain
Long

NMDC AT GOOD VALUATIONS

BSE:NMDC   NMDC LTD
It has been observed that the price action is trending down technically but on the fundamental side the valuations are improving and looking good. Some of the key valuation indicators are as follows:
1. P/E: 13.3 (Undervalued)
2. Book Value: 74
3. Debt to Equity: 0.01 (almost a Debt free company)
4. Current Ratio: 3.3
5. Net Profit Margins: 30%
6. Return on Assets: 10%
7. Return on Equity: 10%
8. Reserves & surplus: 22000 cr.

Overall, the company has a good and sustainable fundamentals and it shall perform well in future. As per the Motilal's research report the long term target is Rs             . 180, a return of 50% from here on. (link to the report https://www.motilaloswal.com/site/rreports/HTML/636379528314350971/index.htm)

Short term Technical Target
T1 - 126
T2- 131
SL - 116
Trade active
Trade active
Trade active
Trade active
Trade active
Trade active: Finally, Breaking above consolidation, now it shall rally further up. Thanks
Trade closed: target reached: Short term Target 1 reached and now closing to T2. Thanks
Trade closed: target reached: Target 2 also reached. Thanks
what is the box indicating in your chart? Which pattern is it showing?
Reply
NeeteshJain shahalok01
@shahalok01, Now, we might see a profit booking at current levels, and the trend is now buy on dips. Thanks
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sitting tight...
+1 Reply
NeeteshJain jayadeepreddy
@jayadeepreddy, That is the essence of this game mate. If you could learn to sit tight on good stocks then you have already won 80% of the battle. I'm also waiting for a close above 122 levels which will take it further to 127-130 levels. Thanks
+1 Reply
sir, is it another chance to enter NMDC today?
Reply
@matts1, Yes, it is still trading near by support zone. If you would like to be further safe then you can enter once it crosses 122 levels. Thanks
+1 Reply
Thanks,
+1 Reply
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