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NMDC jumps on the bourses

13 Dec 2012 Evaluate

NMDC is currently trading at Rs. 160.05, up by 5.80 points or 3.76% from its previous closing of Rs. 154.25 on the BSE.

The scrip opened at Rs. 155.10 and has touched a high and low of Rs. 159.75 and Rs. 154.10 respectively. So far 3657369 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 206.35 on 16-Feb-2012 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. 164.20 and Rs. 149.95 respectively. The current market cap of the company is Rs. 63078.63 crore.

The promoters holding in the company stood at 90.00% while Institutions and Non-Institutions held 9.08% and 0.91% respectively.

In a fillip for its efforts to cap the widening fiscal deficit, government has raised $1.1 billion by selling a stake in state miner NMDC. The government aims to raise $5.5 billion in the current fiscal year ending next March by divesting stakes in state companies. The share sale was the largest by the government since a $2.5 billion auction of stock in state explorer Oil and Natural Gas Corporation at the end of the previous financial year.

In NMDC sale, the government offered 396.47 million shares, or 10 percent of its stake, at a floor price of Rs 147, an 8 percent discount to December 12 close. However, by the close, the offer had attracted bids for 686.92 million shares at an indicative weighted average price of Rs 149.15, exchange data showed.

Further, the government, which is expected to ramp up its divestment programme in the months ahead, has approved share sales in top power utility NTPC, Oil India, state trading firm MMTC and power equipment maker Bharat Heavy Electrical (BHEL).

NMDC, India's top ore miner, accounts for about 15 per cent of iron ore mined in the country, with annual production capacity of 30 million tonnes.

NMDC Share Price

86.79 -2.01 (-2.26%)
11-May-2026 16:59 View Price Chart
Peers
Company Name CMP
Coal India 464.35
NMDC 86.79
GMDC 662.90
Sandur Manganese 234.65
MOIL 307.60
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