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Best Indian Stock for Investment | Enrich Portfolio

Posted By On 6:48 PM Under

1. NMDC is one stock in which one must have a stake as it is one of the quality companies of the govt and a disinvestment will trigger the actual price in the stock. It is a PSU mining stock which has a second highest market capitalisation. It has a low floating stock (9,64,716,000 shares of Rs.10 each) and thus trigger of disinvestment will take it to mind boggling price levels. It is a debt free company with huge cash reserve and it is on the right path of mergers and Joint ventures.

2. Moreover it is on the right track for mergers and Joint ventures. An investment to tune of Rs 26000 Crore is in offing and it will provide the requisite booster dose to the stock which can be a bonus candidate also.
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