- NMDC reported sales of 2.82 million tons for May 2024, a 22% decrease compared to the same month last year.
- Production for May 2024 was 2.34 million tons, marking a 37% decrease year-over-year.
- Despite the declines in sales and production, NMDC shares rose by 4.3%, reaching 260.15 rupees.
- Trading volume was significant, with 24.6 million shares traded.
- Market sentiment had 11 buy ratings, 2 hold ratings, and 8 sell ratings for NMDC shares.
- All comparisons are based on values reported in the company’s original disclosures.
A look at Nmdc Ltd Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 5 | |
| Growth | 3 | |
| Resilience | 5 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 4.2 |
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
NMDC Ltd, a mineral exploration company, shows a promising long-term outlook based on its Smartkarma Smart Scores. With a strong emphasis on dividends and a resilient performance, the company stands out with top scores in both areas. NMDC Ltd’s high dividend score indicates a stable and attractive income option for investors, while its resilience score underscores its ability to weather market fluctuations effectively.
Furthermore, NMDC Ltd demonstrates solid momentum in its operations, indicating potential for sustained growth in the future. While the company’s value and growth scores are not at the top level, the overall outlook remains positive. As NMDC Ltd continues to focus on exploring various minerals such as iron ore, copper, and limestone among others, investors can find confidence in the company’s ability to deliver consistent returns over the long term.
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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