*CAN MAKE NEW HIGH:NMDC*

NMDC still available much below it's 52week high of Rs 152. NMDC poised for great show in coming quarters:

1) Q1 Ebidta rose *61% to 1440cr vs 896cr*
2) Q1 PAT rose *89%to 969cr vs 512cr*
ABOVE DESPITE ONE OFF EXP OF 146cr
_Most commendable that Iron ore prices had fallen to 50 dollars during the quarter_

*NOW ORE PRICES HAVE ZOOMED TO 75 DOLLARS. NMDC CAN SOON RAISE ORE PRICES BY 8-10%*

FY17 EPS CAN BE 14-15. PERatio only 9

Motilal Oswal TP 180
Antique TP 150

As per Mr Ahluwalia (Director Finance), NMDC expects to sell its Steel Plant for Rs 14000 Cr. It means *cash inflow of nearly Rs 46-47 per share*
NMDC ALREADY HAS 5300CR CASH
Majority of sale proceeds likely to be used for Dividend distribution.

*TP 148 September expiry* ( May remind that our recommendation JSW Steel at 219 has spurted to 260 in 4 weeks)

BEST BET IN DERIVATIVE SEGMENT FOR SEPTEMBER SERIES