NMDC likely to benefit from rising pellet exports to China, says Incred Equities; retains 'add' rating

Incred Equities maintains 'add' rating on NMDC, India's top iron ore producer, with target price of ₹319. The company benefits from rising pellet demand in China. Pellet premium is expected to increase, impacting steel and pellet markets.

NMDC likely to benefit from rising pellet exports to China, says Incred Equities; retains 'add' rating
Incred Equities maintains 'add' rating on NMDC, India's top iron ore producer, with target price of ₹319. The company benefits from rising pellet demand in China. Pellet premium is expected to increase, impacting steel and pellet markets.