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IOC shares, which are up 105 per cent in the past one year, closed at Rs 168.95 on Tuesday, down 4.44 per cent. Nuvama’s target price suggests a 11 per cent downside from this level.
HUDCO share price: The stock rose 15.28 per cent to hit a high of Rs 234.20 on BSE. ICRA on April 24 suggested a stable outlook for HUDCO, as it feels the PSU will remain strategically important to the government
NMDC shares last traded at 4.5 times FY26 estimated EV/Ebitda and 1.7 times FY26 estimated book value. The stock delivered 83 per cent return in the past one year against 95 per cent return by the BSE PSU index during the same period.
Multibagger stock: Kotak Institutional Equities said that the prevailing market price more than captures the intended growth plans without discounting associated delays.
Stock market: The brokerage firm put a target price of ₹60 on the PSU stock which hints at a 32 per cent potential downside.