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138% Returns in 1 Year: LKP Securities eyes 21% upside on multibagger PSU stock at TP of ₹301; Should you buy?
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NMDC Share Price: NMDC Ltd The stock has given multi-bagger returns to investors over the last one-to-three-year periods.Domestic brokerage LKP Securities is well-positioned to leverage strong volume growth in the domestic steel markets over the coming year, with the mining business anticipated to achieve a compound annual growth rate of approximately nine per cent from FY24 to FY26E.According to the brokerage, on the back of NMDC’s strong operational capacity, aggressive expansion plans, robust net cash position and continued strong tailwinds for domestic steel demand we expect NMDC to clock revenue/EBITDA/PAT CAGR of 9 per cent /16 per cent/14 per cent over FY25-26E. ‘’At CMP, the stock is trading at 6.8x/5.3x EV of FY25E/FY26E EBITDA.
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