3 Metals & Mining Stocks To Buy As Recommended By Prabhudas Lilladher In March

Prabhudas Lilladher has recommended investors to buy 3 metals & mining sector stocks for the month of March as shares are showing potential to soar. These stocks are Hindalco Industries, NMDC, and JSW Steel. All these are large cap companies and offered attractive returns over the years. NMDC is a government-owned company and India's largest iron ore producer. Check details below:

1. Buy NMDC Shares: The analyst has recommended investors to buy NMDC Share with target price of Rs 261 per share. Current market price of the PSU mining stock on BSE is Rs 201.85 per share with intraday fall of 1.56%. If you buy NMDC Ltd shares on at current market price of Rs 201.85, you can get potential gain of 29.3%. The 52-week high price of NMDC share on BSE is Rs 252.65 per share and 52-week low price is Rs 103.75 per share, respectively. The company has a market capitalisation of Rs 59,154.28 crore. Its PE is 9.32, ROE of 26.65, and EPS (TTM) of 22.00. NMDC shares fell 15% in last 1-week, surged 34% in last 6-months, and rallied 73% in last 1-year.

2. Buy JSW Steel Shares: The brokerage firm has given buy rating to JSW Steel shares with target price of Rs 958 per share. Current market price of JSW Steel shares on BSE is Rs 785.55 apiece. If you buy JSW Steel shares at current market price of Rs 785.55 per share, you can fetch likely return of 21.95%. The 52-week high price of JSW Steel shares on BSE is Rs 895.60 per share and 52-week low price is Rs 649.75 per share, respectively. The company has a market capitalisation of Rs 1,92,102.64 crore. The company has PE of 19.62, ROE of 13.84, and TTM (EPS) of 40.37. JSW Steel shares surged 17% in last 1-year, gained 18% in last 2-years, and rallied 173% in last 5-years. In last 1-week, JSW Steel stock fell 5% and 10% year-to-date.

3. Buy Hindalco Industries Shares: The brokerage firm has assigned buy call to Hindalco Industries shares with target price of Rs 597 apiece. Current market price of Hindalco Industries shares on BSE is Rs 525.60 per share. If you buy Hindalco Industries stock today at current market price of Rs 525.60 apiece, you can fetch potential gain of 13.58%. The large cap company from the Aluminium industry has a market capitalisation of Rs 1,18,113.70 crore. Its PE is 36.49, ROE is 5.15, and EPS (TTM) of 13.87. Hindalco Industries shares declined 14% year-to-date and offered return of 31% in last 1-year. In last 2-years, Hindalco Industries stock fell 11% and rose 161% in last 3-years. The 52-week high price of Hindalco Industries share is Rs 620.60 apiece and 52-week low price is Rs 381.00 apiece, respectively.

Disclaimer:

The stocks have been picked from the brokerage report of Prabhudas Lilladher. Greynium Information Technologies, the Author, and the respective Brokerage house are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to consult with certified experts before making any investment decision.