NMDC is currently trading at Rs. 121.60, up by 0.45 points or 0.37% from its previous closing of Rs. 121.15 on the BSE.
The scrip opened at Rs. 122.00 and has touched a high and low of Rs. 122.90 and Rs. 120.05 respectively. So far 42366 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 199.90 on 24-Sep-2012 and a 52 week low of Rs. 92.65 on 06-Aug-2013.
Last one week high and low of the scrip stood at Rs. 125.00 and Rs. 116.70 respectively. The current market cap of the company is Rs. 47675.71 crore.
The promoters holding in the company stood at 80.00% while Institutions and Non-Institutions held 16.28% and 3.72% respectively.
NMDC, a state-owned iron ore producer, amid continuous slump in demand has kept prices unchanged for both the varieties of ore - lumps and fines - for the current month. The iron ore lumps will be sold at Rs 4,200 a tonne and fines at Rs 2,510 per tonne. The largest domestic producer of iron ore, in past one year, has either reduced the ore prices on a monthly basis or kept them unchanged as demand has been subdued.
Besides, the slowdown in Indian economy also had a trickle down effect on the market as growth in steel demand has been subdued due to end-users such as construction, automobiles and fast moving consumer durables running below their optimum capacities. This has led to continuous slump in iron ore demand, thereby affecting the profits of the company.
NMDC has a total production capacity of 32 MT per annum at its mines in Chhattisgarh and Karnataka. It has kept a target of expanding its iron ore mining capacity to 40 MT by 2014-15.
Iron ore lumps are of a higher grade, with Fe content of 63-65 percent. Fines are of lower grade, with Fe content of less than 60 percent.
| Company Name | CMP |
|---|---|
| Coal India | 438.70 |
| NMDC | 89.78 |
| GMDC | 733.40 |
| Sandur Manganese | 218.35 |
| MOIL | 327.60 |
| View more.. | |
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