“NMDC’s fines prices are at a 35% premium to export parity and we expect a sharp cut in prices, likely in April 2024. We also believe that the best volume growth is behind us in 11MFY24 and will see only a moderate 3.8% CAGR over FY2024-26E, similar to last decade,” the Kotak note said.
Largecaps look better as smallcaps price in strong growth: Franklin Templeton’s Arihant Jain
Largecap stocks offer a better risk-reward balance than mid- and small-caps as higher growth expectations are already priced into smaller companies, according to Arihant Jain
September 6, 2026