Thursday, September 23, 2010

Get out of NMDC at cost.

Protect your capital by selling NMDC around 269.  The stock has been in a range of 240-275 since May 2010 and refuses to move up. Also the latest Mining bill is not favourable for the companies. The bill states that the miners have to share 26% of the profits with the locals. Mining companies can underperform for a while.

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