NMDC a long-term buy at current levels, says Shrikant Chouhan

“We see a strong re-rate case for NMDC after the steel plant demerger with improved capital allocation, higher FCF and a likely higher dividend payout. Upgrade to BUY with an unchanged Fair Value of Rs130,” Shrikant Chouhan, Head of Equity Research (Retail) at Kotak Securities, said.

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