The NMDC (National Mineral Development Corporation) is a state-controlled mineral producer of the Government of India. NMDC is owned by the Government of India and is under administrative control of the Ministry of Steel.
NMDC is India’s largest Iron Ore producer and exporter producing about 30 million tons of iron ore from 3 fully mechanised mines in Chhattisgarh and Karnataka. NMDC also operates the only mechanised diamond mine in the country at Panna in Madhya Pradesh.
It is quite confusing to interpret current situation if you look at stock price of NMDC but looking at quality of business of NMDC makes it an awesome Value Pick.
With prices of Iron Ore falling to multi-year lows NMDC is available undervalued which is like opportunity of the decade to be invested in such a Monopolistic business.
Value picks are stocks of companies that are believed to be undervalued at NSE or BSE. It is an outcome of huge sattebaaji directed by Stock brokers in that stock making Markets overreact to good and bad news, resulting in stock price movements that do not correspond with the company's long-term business or fundamentals.
You can learn Value Pick Multibagger Stock course & start your own research in depth. After completing the Value Pick Multibagger Stock course You have to apply methods & circle of competence on your researched Value Picks.
I am passionate about 3 things in my life Financial System, Fitness & Photography
I got introduced to Financial system through Forex Trading back in 2007 during my 3rd Year of Engineering & It was too complex yet magnificent. Officially I entered Indian Stock Market in early 2008 at the very beginning of Global Financial Crisis, but what the hell did I know for me it was the last semester & time to get serious about my passion ie, Counter Strike
RoCE : Return on Capital Employed (Effective)
PAT(Avg.) : Net Profit after tax ( Average )
CMP : Current Market Price
MoS : Margin of Safety