If you are looking for “ NMDC share price targets” for upcoming years, you are in the right place. Before we dive into NMDC Ltd. stock price targets, Let’s understand the NMDC company background, technical fundamentals etc.
About NMDC Ltd.
NMDC Ltd. (National Mineral Development Corporation) is a state-owned mineral producer company in India. It was established in 1958 as a public sector enterprise to explore and exploit iron ore resources in India. The company has its headquarters in Hyderabad, Telangana, and operates mines in Chhattisgarh, Karnataka, and Madhya Pradesh. NMDC is the largest iron ore producer in India and has a market share of around 25%. The company also produces other minerals such as diamonds, copper, and gold. NMDC has been awarded the Navratna status by the Indian government, which recognizes its status as a leading public sector enterprise. The company has a strong focus on sustainable development and has implemented various initiatives to reduce its environmental impact.
Fundamentals of NMDC Ltd.
Let’s look at the fundamentals of NMDC, based on which we can get a clear understanding of the expertise in the Mining & Minerals sector.
- Current Market Cap: The current market cap of NMDC as of 3/11/2023, is ₹ 34,830.25
- P/E Ratio: The current price-to-earning ratio of NMDC is 5.6
- Sales Growth: Sales growth in last 1 year for NMDC is 68.39 %
- Profit Growth: Profit growth is around 50.34 % in last 1 year
We have done a complete analysis of NMDC and have come up with its share price targets for upcoming years.
NMDC’s Current Share Price is ₹119
Note: These price targets of “NMDC” are only for reference purposes. This prediction is only if there are positive market sentiments, and any uncertainties in the company or global market condition are not covered in this analysis.
|Year||NMDC Share Price Targets (₹)|
After analysing the chart deeply by taking the monthly time frame analysis on the trading view chart of Paytm we found
The target share price of NMDC for the year 2023 will be ₹144
The target share price of NMDC for the year 2024 will be ₹169
The target share price of NMDC for the year 2025 will be ₹194
The target price of NMDC for the year 2026 will be ₹219
The target share price of NMDC for the years 2027, 2028, 2029, and 2030 will be ₹244, ₹269, ₹294, and ₹319 respectively.