NMDC Steel Limited presents a strong buying opportunity at ₹43, supported by robust fundamentals and improving market sentiment in the steel sector. The company benefits from its integrated operations, access to low-cost raw materials, and backing from NMDC Ltd., ensuring steady supply and cost efficiency. Recent capacity utilization improvements and strategic expansion plans enhance revenue visibility. With infrastructure and construction demand rising, steel prices are expected to remain firm, boosting margins. Technically, the stock shows support near ₹40–₹41 levels, indicating limited downside. A short-to-medium term target of ₹53 is achievable, with a stop loss at ₹33 to manage risk effectively.
BUY : NSLNISP-EQ( NSLNISP ) [14180]
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