NMDC is currently trading at Rs. 189.50, up by 1.20 points or 0.64 % from its previous closing of Rs. 188.30 on the BSE.
The scrip opened at Rs. 188.00 and has touched a high and low of Rs. 191.90 and Rs. 185.55 respectively. So far 38266 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 255.00 on 17-Oct-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. 198.30 and Rs. 187.25 respectively. The current market cap of the company is Rs. 75428.72 crore.
The promoters holding in the company stood at 90.00% while Institutions and Non-Institutions held 9.08% and 0.92% respectively.
Country’s largest iron ore maker, NMDC has decided to slash iron ore price by up to 11 per cent for October, a development that would benefit steel producers. The move of slashing iron ore prices is in backdrop of dwindling price of iron ore globally following a slump in demand from China, which produces around half of world's steel. Further, deviating from its earlier practice of fixing price for three-month period, the state run company would now set the price on monthly basis. The two important decisions of slashing iron ore prices and fixing the prices monthly, were taken by the company in its board meeting held on October 8, 2012.
Late in August, the company hiked iron ore price by 8-13% for the July-September period, with an aim to take benefit of the current demand-supply mismatch scenario in the market. The company raised raw material prices for the second consecutive quarter in this fiscal. During the last quarter, it had raised iron ore prices by 8-10% on increased demand and lower availability.
| Company Name | CMP |
|---|---|
| Coal India | 438.70 |
| NMDC | 89.78 |
| GMDC | 733.40 |
| Sandur Manganese | 218.35 |
| MOIL | 327.60 |
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