NMDC Stock Gets 'Buy' Upgrade From Systematix With 20% Upside Post Q1 Results - Check Target Price

15 hours ago 3

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Demonstration of continued monthly volume growth is likely to be a rerating driver for NMDC adds Systematix.

19 Aug 2025, 03:35 PM IST i

19 Aug 2025, 03:35 PM IST

19 Aug 2025, 03:35 PM IST

<div class="paragraphs"><p>NMDC Ltd. has reported robust volumes this year aligning closer to the management’s aspiration to deliver 55mt volumes.</p><p>(Photo Source: Company website)</p></div>

NMDC Ltd. has reported robust volumes this year aligning closer to the management’s aspiration to deliver 55mt volumes.

(Photo Source: Company website)

NMDC is progressing towards its 100mt capacity target with a revised estimated outlay of Rs 720 billion. NMDC spent Rs 34 billion capex in FY25 and expects over Rs 100 billion in capex spending for the next two years.

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