NMDC shares slip 4% even as co announces 2:1 bonus issue, reports 23% YoY jump in PAT

November 12, 2024

NMDC shares fell 4.2% despite a strong Q2 performance and a 2:1 bonus share announcement. Revenue grew 19.7%, while profit rose 23% YoY. Motilal Oswal maintains a buy rating with a Rs 280 target.

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