NMDC trades higher on the bourses

NMDC Ltd. | Mining & Minerals | Metals & Mining | BSE: 526371 | NSE: NMDC

31 Dec 2012 Evaluate

NMDC is currently trading at Rs. 167.00, up by 2.75 points or 1.67% from its previous closing of Rs. 164.25 on the BSE.

The scrip opened at Rs. 165.35 and has touched a high and low of Rs. 167.70 and Rs. 164.30 respectively. So far 3591981 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. 149.95 on 10-Dec-2012.

Last one week high and low of the scrip stood at Rs. 167.70 and Rs. 158.20 respectively. The current market cap of the company is Rs. 65933.23 crore.

The promoters holding in the company stood at 80.00% while Institutions and Non-Institutions held 15.68% and 4.32% respectively.

Alleged for selling iron ore at high rates, state-owned miner NMDC will hold a board meeting on January 2, 2013 to decide on prices of iron ore for January’13. Further towards this development, consulting firm KPMG will help the miner in devising a pricing formula for the mineral, which most probably be submitted by January end. However, the pricing will be mainly based on demand-supply situation as well as the prevailing rates globally.

The prices were kept unchanged by NMDC in December after cuts of up to 11% for categories, lumps and fines. Price revisions of October and November had come after various domestic steel firms and industry associations had complained to the Steel Ministry about NMDC allegedly misusing its dominant position in the domestic market. The iron ore producer had increased the prices by 8-13% for the July-September period, when international rates were down.

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

94.70 -1.33 (-1.38%)

04-Jun-2026 16:59 View Price Chart

Peers

Company Name	CMP
Coal India	481.75
NMDC	94.70
GMDC	677.50
Sandur Manganese	225.05
MOIL	296.20
View more..

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