Archive · 14 Aug 2025
NMDC Shares Drop 5% Amidst Brokerage Optimism, Target Price Revisions
NMDC, a company that sells iron ore, saw its stock price go down a little bit after going up for a couple of days.
Although the company made a good amount of profit, investors are worried about some things that could affect the future.
Even with these worries, some financial experts still think the stock is a good buy.
The company hopes to sell a lot of iron ore in the future and is working on making more money.
NMDC shares fell 5% after two days of gains.
Brokerages hold a positive outlook despite uncertainties.
NMDC's adjusted profit for the quarter was approximately Rs 1,970 crore.
Management aims for 55mt production in FY26, though execution is key.
Target prices were revised, with Nuvama setting Rs 85 and PL Capital setting Rs 80.
- Who
- NMDC and various brokerage firms.
- What
- NMDC's stock performance, financial results, and future outlook.
- When
- During the June quarter and projections for FY26.
- Where
- Not explicitly mentioned.
- Why
- Due to factors including Karnataka Mineral Rights and Bearing Land Tax Bill and future production expectations.
Key Factors
Brokerage Outlook
Stock Performance vs. Sentiment
Key Factors
NMDC shares fell 5%.
Brokerage Outlook
Brokerages maintain positive outlook.
- Stock Drop
- 5%
- Adjusted Profit
- Rs 1,970 crore
- PL Capital Target Price
- Rs 80
- Nuvama Target Price
- Rs 85
- FY26 Production Goal
- 55mt
