Negative impactCorporate Action
Dividend king PSU stock: Down 23% in 6 months! Nuvama sees 42% upside; target price, rationale
Mint 13 hrs ago·14 Nov 2026, 2:11 pm
NMDC’s stock slipped modestly on Friday, trading around ₹69.90 after the miner reported a 3% year‑on‑year decline in second‑quarter EBITDA to about ₹19.4 billion, missing analysts’ expectations. The move adds to a broader 23% slide in the share price over the past six months, despite the company’s reputation as a reliable dividend payer.
Research house Nuvama kept its Buy call and lifted its price target to ₹100, pointing to a likely rebound in iron‑ore volumes in the second half of the year as supply constraints ease. The higher target suggests roughly a 40% upside from current levels, driven by expectations of improved operating performance and continued dividend payouts.
Investors should keep an eye on upcoming shipment data, any changes in global steel demand, and the company’s ability to sustain volume growth. Quarterly results and updates on supply‑chain conditions will be key signals for the stock’s trajectory.
Excerpt from Mint
NMDC shares fell 1.76% to ₹ 69.90 on Friday after its second-quarter EBITDA declined 3% year over year to ₹ 19.4 billion, below expectations. Nuvama retained a Buy rating and raised its target price to ₹ 100, citing normalized supplies and potential second-half volume growth. Shares of PSU ended marginally lower on…Read the original at Mint
Affected stocks
Bearish1 stock
Bull / bear label is derived from the article's AI sentiment — indicative, not advice. Prices may be delayed.
Key takeaways
- Concerns NMDC (NMDC).
- Category: Corporate Action.
- AI reads the tone as negative (potentially bearish) for the stock.
- Assessed as a significant, market-relevant update.
Why it matters
A meaningful update for NMDC worth tracking. The tone is negative — watch for downside reaction. Use the price and stock snapshot to gauge how the market is responding.
