NMDC shares: Nuvama upgrades stock to 'Buy' despite Q1 EBITDA miss; check target price

NMDC reported EBITDA of Rs 2,470 crore for Q1 FY27, against Nuvama's estimate of Rs 2,620 crore. EBITDA was flat year-on-year (YoY), while EBITDA per tonne declined marginally by Rs 46/t YoY to Rs 2,106.