** NMDC Ltd, India's biggest iron ore producer, falls 1.3 pct ** Motilal Oswal Securities downgrades the stock to "sell" from "buy" and cuts price target to 104 rupees from 161 ** NMDC's pricing still non-competitive, despite steep price cuts, says Motilal Oswal ** Cuts EBITDA estimates by 36 pct and 42 pct for FY16 and FY17, respectively ** Steep correction in iron ore prices and rising capital commitment to the steel project will squeeze dividend payout-Motilal Oswal (Reuters Messaging: indulal.p.thomsonreuters.com@reuters.net)
TMC is India's biggest iron ore producer,
( z1 have-degree :ARG1 ( z2 company :name ( z3 name :op "TMC" ) :ARG0-of ( z4 produce :ARG1 ( z5 ore :mod ( z6 iron ) ) ) ) :ARG2 ( z7 big ) :ARG3 ( z8 most ) :ARG5 ( z9 country :name ( z10 name :op "India" ) ) )