Manoj Murlidharan Vayalar of IIFL Premia is of the view that, one can expect another 2% rally in National Mineral Development Corporation (NMDC).
Vayalar told CNBC-TV18, "There are couple of stocks which can give an intraday swing but before the volume-weighted average price (VWAP) I am not expecting these to go up. So, a National Hydroelectric Power Corporation (NHPC) is there as well followed with a Tata Steel and IVRCL because it is in ban period so if it is a trade it has to be on the cash side, one cannot go in for a derivative trade." He further added, "Hindalco as well as Dena Bank these would be the scrips I would like to add. National Mineral Development Corporation (NMDC) it has its inclusion so we are expecting another 2 percent more on that." The company's trailing 12-month (TTM) EPS was at Rs 18.33 per share. (Dec, 2012). The stock's price-to-earnings (P/E) ratio was 7.50. The latest book value of the company is Rs 61.56 per share. At current value, the price-to-book value of the company was 2.23. The dividend yield of the company was 3.27%.Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
