Dividend king PSU stock: Down 23% in 6 months! Nuvama sees 42% upside; target price, rationale
60-Word AI Digest
NMDC shares fell 1.76% to ₹69.90 on Friday after its second-quarter EBITDA declined 3% year over year to ₹19.4 billion, below expectations. Nuvama retained a Buy rating and raised its target price to ₹100, citing normalized supplies and potential second-half volume growth.
Key Takeaways
- NMDC shares fell 1.76% to ₹69.90 on Friday after its second-quarter EBITDA declined 3% year over year to ₹19.4 billion, below expectations.
- Nuvama retained a Buy rating and raised its target price to ₹100, citing normalized supplies and potential second-half volume growth.
- Full details and original dispatch available below.
NMDC shares fell 1.76% to ₹69.90 on Friday after its second-quarter EBITDA declined 3% year over year to ₹19.4 billion, below expectations. Nuvama retained a Buy rating and raised its target price to ₹100, citing normalized supplies and potential second-half volume growth.
Original Publisher Attribution
This summary was curated from Livemint.