NMDC share price drops 17% in last 1 year but experts remain bullish on this PSU stock. Here’s why
3 weeks, 4 days ago

NMDC share price drops 17% in last 1 year but experts remain bullish on this PSU stock. Here’s why

Live Mint  

NMDC share price has witnessed remarkable volatility in the last few months. Falling for the second consecutive session, NMDC share price declined almost 2 per cent in intraday trade on the BSE on Tuesday, February 25. NMDC share price trend This PSU stock has been under pressure after hitting a 52-week high of ₹95.35 on May 21 last year. NMDC on February 6 reported a 29 per cent year-on-year growth in its consolidated net profit for Q3FY25 to ₹1,896.66 crore compared to ₹1,469.73 crore reported during the same quarter last year. NMDC share price target Dolat Capital Market has a buy call on the stock with a target price of ₹90, valuing it at 6 times FY27E EV/EBITDA.

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