NMDC: Motilal Oswal Financial Services Recommends a ‘Buy’ with Target Price of ₹280
Synopsis Motilal Oswal Financial Services has issued a ‘buy’ recommendation for NMDC Ltd., setting a target price of ₹280. The current market price of NMDC is ₹218, indicating a potential upside. The firm believes that despite a recent price cut in Q2 FY25, average selling prices (ASP) are likely to improve in the second half…