Earnings Alerts

NMDC Ltd (NMDC) Earnings Report: August Sales Reach 3.14M Tons Amidst 2.8% Share Decline

By September 2, 2024 No Comments
  • NMDC reported sales of 3.14 million tons for August 2024.
  • Production for the month was 3.07 million tons.
  • Shares of NMDC fell 2.8%, closing at 216.41 rupees.
  • Trading volume was high, with 11.6 million shares exchanged.
  • Analyst ratings: 11 buys, 3 holds, and 8 sells.

A look at Nmdc Ltd Smart Scores

FactorScoreMagnitude
Value4
Dividend5
Growth3
Resilience5
Momentum2
OVERALL SMART SCORE3.8

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Based on the Smartkarma Smart Scores, NMDC Ltd has a positive long-term outlook. With high scores in Value, Dividend, and Resilience, the company is positioned well for stable growth and returns. The company’s strong dividend score indicates a commitment to rewarding shareholders, while its resilience score suggests a solid foundation to weather economic uncertainties. However, the lower scores in Growth and Momentum highlight areas where NMDC Ltd may need to focus on to drive future expansion and market traction.

NMDC Limited, a company that explores for minerals including iron ore, copper, and various other resources, has received a mix of scores across different aspects of its operations. Overall, the company’s strong emphasis on value, dividends, and resilience bodes well for its long-term sustainability and shareholder satisfaction. By leveraging its existing strengths and potentially addressing areas of improvement in growth and momentum, NMDC Ltd can further enhance its position in the market and drive future success.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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