NMDC with it’s recent correction is heavily on our radar as a BUY. With an excellent dividend yield (6%) and it’s production increase, we do believe the company could be heading well over the next few months. We do see corrections in the price due to price corrections in oil and other minerals, but we see this as massive buying opportunities. Buy NMDC under Rs. 140 for both short term and long term gains.
-Written by Shivam Parikh