NMDC is currently trading at Rs. 122.80, up by 0.75 points or 0.61% from its previous closing of Rs. 122.05 on the BSE.
The scrip opened at Rs. 122.55 and has touched a high and low of Rs. 123.40 and Rs. 122.50 respectively. So far 32874 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 203.40 on 04-Jul-2012 and a 52 week low of Rs. 120.45 on 17-May-2013.
Last one week high and low of the scrip stood at Rs. 129.00 and Rs. 120.45 respectively. The current market cap of the company is Rs. 48726.36 crore.
The promoters holding in the company stood at 80.00%, while Institutions and Non-Institutions held 16.24% and 3.76% respectively.
NMDC reportedly may not cede controlling stake in Nagarnar Steel Plant Joint venture (JV). The company may seek 50:50 JV with strategic partner for the plant. The company’s Expression of Interest (EoI) for the steel plant was for 51:49 JV. Revision of EoI for the JV is likely to be taken up soon.
The company’s board may revise JV EoI for Nagarnar Steel Plant. The company, so far, has invested Rs 3,500 crore on the plant and will spend Rs 1,500 crore in FY14.
