Analysts positive on NMDC’s Offer for Sale, stock can give 15-20%

The government is selling up to 7.5% stake in NMDC. The issue will invite bids exclusively from retail investors on July 7. “NMDCs OFS price is a good entry point for investors considering its strong business fundamentals in terms of iron ore price and demand,” said Abhijeet Bora, analyst, Sharekhan. “Also, the government's stake sale would increase the free float for NMDC and that bodes well for a potential increase of NMDCs weightage in MSCI Index going forward.”

via Economictimes

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