NMDC Q3 Review - Strong Show, Attractive Valuations Drive Positive Outlook: Prabhudas Lilladher
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Prabhudas Lilladher Report
NMDC Ltd. reported Q3 FY21 Ebitda above our/consensus estimates by 8%/16%.
The beat was largely due to better than expected performance on both realisations and cost.
Unlike past, the company has been forthcoming this time in undertaking price hikes in tandem with strong global prices and shortage in domestic market.
Company reduced prices by 11%-12% in last week due to softness in domestic demand, improved supplies in Odisha and slide in global prices.
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