Stock Analysis of NMDC Ltd:
NMDC LTD: The technical looks that the major trend and short term trend is bearish, price strongly trending into downside since long term, current active short term and major trendline bearish in monthly chart recent strong bearish candle show strong downtrend, short term support will be at 95, and major support well be at 76.
FUNDAMENTAL ANALYSIS OF NMDC LTD:
If we take a look on fundamentals the stock having very bad returns since last one year, recent quarter having very bad results, PE will be looks undervalued, and in shareholding pattern there not having really good number of holding in FII, and mutual fund.
SUMMARY OF ANALYSIS OF NMDC LTD:
Stocks not looks good in any point of view, for short term it looks bearish, and for long it will be hope that it will go upside, because there having short term selling pressure.
ANALYSIS ASK BY: KUSUMANCHI MURALIKRISHNA
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