I was going through the SBI MF market outlook for June 2020.
Iron Ore is one of the few commodities where the price has increased.
Also, the chart of Iron Ore prices in tradingeconomics shows the Iron Ore price recovered quickly after 2008 economic crisis
As I understand, the commodities follow cycles. Can the increase in Iron Ore prices offset the current degrowth in sales for NMDC?
What can be the triggers for rerating of NMDC?Still wonder how come this company being debt free, almost monopoly destroying its value over time.
Disclosure - This is the only PSU I am invested in.