NMDC is currently trading at Rs. 193.10, up by 3.00 points or 1.58% from its previous closing of Rs. 190.10 on the BSE.
The scrip opened at Rs. 191.50 and has touched a high and low of Rs. 195.10 and Rs. 191.50 respectively. So far 140448 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 259.95 on 25-Jul-2011 and a 52 week low of Rs. 136.15 on 20-Dec-2011.
Last one week high and low of the scrip stood at Rs. 190.90 and Rs. 181.25 respectively. The current market cap of the company is Rs. 76380.25 crore.
The promoters holding in the company stood at 90.00% while Institutions and Non-Institutions held 9.02% and 0.98% respectively.
NMDC is likely to increase prices of lumps and fines by 8-10% for the July-September quarter, despite global iron ore prices remaining stable in the last few weeks. It has more scope now to shield its prices from global trends, as its new pricing mechanism is based on domestic demand-supply dynamics instead of the earlier export parity formula.
The company had injected a similar hike for the last quarter, with the increase ranging from Rs 250 to Rs 400 a tonne. Higher grade iron ore lumps are currently priced at about Rs 5,400 a tonne, while fines have a price tag of about Rs 2,800.
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.
| Company Name | CMP |
|---|---|
| Coal India | 448.50 |
| NMDC | 86.97 |
| GMDC | 608.50 |
| Sandur Manganese | 212.95 |
| MOIL | 287.75 |
| View more.. | |
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