NMDC Long Term-Investment idea💡

Introduction

NMDC Ltd. engages in the provision of exploration extracting mineral properties. It operates through the Iron Ore and All Other Segments. The Iron Ore segment is involved in the extraction and sale of iron ore. The All Other Segment refers to the manufacturing, loading, generation, and sale of pellets, wind power, and loading services.

Observation

Stock from a bullish pennant breakout on weekly and daily chart also forming a rounding bottom breakout RSI 60 breakout on day. Stock trade above all the ema.

Let's touch fundamentals

ROCE - 30.9%
ROE - 24%
Debt to equity - 0.13
PE - 11
Promoter Holding - 60.8%
Public holding - 12.52%
Promoter Holding Pledge - Zero

Technical Analysis & indicators 🔍

Weekly chart
Pennant Flag
Rounding Bottom

News of the day

1. Titan Company's consolidated attributable profit fell to 7.04 billion Indian rupees in the fiscal second quarter ended Sept. 30 from 9.15 billion rupees a year ago.The accessories manufacturer's earnings per share declined to 7.93 rupees from 10.31 rupees, according to a filing to the stock exchanges on Tuesday.

2. GAIL (India) has an average rating of hold and price targets ranging from 148 Indian rupees to 295 rupees, according to analysts polled by Capital IQ.

3. Dr. Reddy's Laboratories recorded a decline in its consolidated attributable profit to 12.5 billion Indian rupees in the fiscal second quarter ended Sept. 30 against 14.8 billion rupees a year ago.Earnings per share contracted to 15.05 rupees compared with a year-ago figure of 17.76 rupees, according to a filing to the stock exchanges on Tuesday by the pharmaceutical company.

Educational content 📖

This stock analysis is designed for educational purposes and should not be taken as financial advice. Please carry out your own research or consult with a financial advisor before investing.

Wed Nov 6, 2024