NMDC is currently trading at Rs. 93.25, up by 1.70 points or 1.86 % from its previous closing of Rs. 91.55 on the BSE.
The scrip opened at Rs. 92.50 and has touched a high and low of Rs. 94.00 and Rs. 92.50 respectively. So far 109159 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 173.50 on 31-Oct-2014 and a 52 week low of Rs. 90.10 on 25-Aug-2015.
Last one week high and low of the scrip stood at Rs. 102.00 and Rs. 91.20 respectively. The current market cap of the company is Rs. 36951.15 crore.
The promoters holding in the company stood at 80.00% while Institutions and Non-Institutions held 16.55% and 3.45% respectively.
National Mineral Development Corporation (NMDC) is planning to deploy a capital expenditure of Rs. 3,600 crore this year and Rs. 4,000 crore next fiscal, as part of its long-term plans to invest Rs. 40,000 crore for expansion and diversification by 2022.
Further, the company has also begun discussions with some buyers in Japan to enter into long-term export contracts. The existing arrangement for supply of ore expired in March 2015, where about 10 per cent of the produce was exported.
NMDC is a state-controlled mineral producer of the Government of India. It is fully owned by the Government of India and is under administrative control of the Ministry of Steel.
