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Shares of NMDC , India's largest iron ore miner, is in the spotlight after reporting a 5.1% year-on-year (YoY) increase in iron ore production for December 2024, reaching 4.71 million tonnes (MT) compared to 4.
48 MT in the same month last year. However, the company 's iron ore sales declined by 6.7% YoY to 3.
91 MT, down from 4.19 MT in December 2023. Also Read: A 10% decline and yet India’s more expensive than EM peers In Q2 FY25, NMDC reported an 18.
1% YoY increase in net profit at Rs 1,211.6 crore. In the corresponding quarter of the previous fiscal, NMDC posted a net profit of Rs 1,026 crore.
The company's revenue from operations surged 22.5% to Rs 4,919 crore against Rs 4,014 crore in the corresponding period of the preceding fiscal. At the operating level, EBITDA was up 16.
4% to Rs 1,385.7 crore in the second quarter of this fiscal over Rs 1,191 crore in the year-ago period. The EBITDA margin stood at 28.
2% in the reporting quarter versus 29.7% in the Q2 of FY24. Stock Trading Masterclass on Value Investing and Company Valuation By - The Economic Times, Get Certified By India's Top Business News Brand View Program Stock Trading Market 104: Options Trading: Kickstart Your F&O Adventure By - Saketh R, Founder- QuickAlpha, Full Time Options Trader View Program Stock Trading Technical Analysis for Everyone - Technical Analysis Course By - Abhijit Paul, Technical Research Head, Fund Manager- ICICI Securities View Program Stock Trading Stock Markets Made Easy By - elearnmarkets, Financial Education by StockEdge View Program Stock Trading Renko Chart Patterns Made Easy By - Kaushik Akiwatkar, Derivative Trader and Investor View Program Stock Trading Market 101: An Insight into Trendlines and Momentum By - Rohit Srivastava, Founder- Indiacharts.
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The consensus recommendation from 19 analysts for the stock is a 'Hold'. Technically, the stock's relative strength index (RSI) is at 25.3.
According to Trendlyne, an RSI below 30 is considered oversold, while above 70 indicates overbought conditions. Additionally, the MACD is at -1.5, which is below its signal and center line, this is a strong bearish indicator.
Also Read : Volatile Times: Don't let profits fool you, track margins, too On Wednesday, NMDC shares closed at Rs 65.98, up 0.05% on the BSE, while the benchmark Sensex rallied 0.
47%. The stock has declined 6% in the past 12 months and 21% over the six months, with the company’s market capitalization now at Rs 58,008 crore. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own.
These do not represent the views of Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel ).
