Moneycontrol PRO

NMDC — An improved outlook for the near term

High dividend yield and de-merger of the steel plant to support valuation going forward

August 31, 2020 / 04:32 PM IST
NMDC — An improved outlook for the near term

PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

The June quarter results of NMDC (CMP: Rs 108; Market capitalisation: Rs 32,915 crore) were in line with Street expectations. Amid the Covid-19 pandemic, we had recommended the NMDC stock on March 25 as a secured high dividend yield play at a price of Rs 64. The stock has generated a return of 69 per cent, outperforming the Nifty return of 49 per cent, over this period. (link: https://www.moneycontrol.com/news/business/moneycontrol-research/these-psus-dividend-yields-exceed-bank-fd-rates-5070181.html). We continue to like NMDC and recommend that investors should accumulate this...

  • PRO Panorama

    Moneycontrol Pro Panorama | Is Omicron losing its sting? 

    Jan 20, 2022 / 04:08 PM IST

    In today’s edition of Moneycontrol Pro Panorama: ICICI Lombard makes the cut, the way forward for L&T Infotech, Budget Chart of the Day, Crypto Learn and more

    Read Now
  • PRO Weekender

    Moneycontrol Pro Weekender | Advance GDP data show a K-shaped recovery

    Jan 8, 2022 / 09:21 AM IST

    The biggest takeaway from the advance estimates is the weakness in private consumption. For the second half of FY22, the growth in private consumption is expected to be a mere 1.8%

    Read Now

To read the full story, Subscribe to Moneycontrol PRO

Access the exclusive stories, weekly investment ideas and daily technical calls in an Ad free experience

Already a member? Sign in

Limited Period offer on Moneycontrol PRO. Subscribe to PRO and get up to

50% OFF

What Do You Get

  • Ad free experience

    Experience a non-intrusive navigation and faster response in the ad free mode

  • Sharpest Opinions

    Access to 230+ exclusive stories per month from our editorial and Experts

  • +

    Have a Global edge with access to content from world renowned experts and journalist

  • Actionable Insights

    Access to 40+ weekly investment ideas including 4 daily technical calls

  • Virtual Events

    Exclusive access to live webinars from market experts on trading and investment strategies

  • Newsletters

    Daily and weekly insights bundled and sent to your inbox to keep you ahead in the race.

Get upto 50% discount on limited period offers