Buy NMDC; Target Rs. 116 & MindTree; Target Rs. 765

Buy NMDC; Target Rs. 116 & MindTree; Target Rs. 765

NMDC Ltd (NMDC):

NMDC Ltd

NMDC Ltd has officially announced a consolidated sales of Rs. 2,241.76 Cr for the quarter finished on 30-09-2019, which is -31.31% down from its previous quarter sales of Rs. 3,263.74 Cr and -8.05% down from its previous year’s same quarter sales of Rs. 2,437.92 Cr. The firm has also announced its net profit after tax of Rs. 701.54 Cr in the most recent quarter.

Outlook:

NMDC Ltd is a buy call with a target of Rs. 116 and a stop loss of Rs. 103.9; current market price: 110.75.

MindTree Ltd (MINT):

MindTree Ltd

MindTree Ltd has officially announced a consolidated sales of Rs. 1,914.30 Cr for the quarter finished on 30-09-2019,  which is 4.37% up from its previous quarter sales of Rs. 1,834.20 Cr and 9.05% up from its previous year’s same quarter sales of Rs. 1,755.40 Cr. The firm has also announced its net profit after tax of Rs. 135.00 Cr in the most recent quarter.

Outlook:

MindTree Ltd is a buy call with a target of Rs. 765 and a stop loss of Rs. 695; current market price: 742.50.

Disclaimer: The perspectives investment tips are given in this section are the expert’s own and not that of the website or its management. We encourage clients to check with certified experts before taking any position in the stocks/ shares mentioned.

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