NMDC is currently trading at Rs. 131.15, up by 1.30 points or 1.00% from its previous closing of Rs. 129.85 on the BSE.
The scrip opened at Rs. 130.60 and has touched a high and low of Rs. 131.90 and Rs. 130.50 respectively. So far 21761 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 192.20 on 12-Oct-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. 132.00 and Rs. 120.80 respectively. The current market cap of the company is Rs. 52096.37 crore.
The promoters holding in the company stood at 80.00% while Institutions and Non-Institutions held 15.96% and 4.04% respectively.
National Mineral Development Corporation (NMDC) has reportedly increased prices of iron ore lumps and fines by Rs 100 a tonne for this month. The hike came in after several months of iron ore prices being either unchanged or slashed.
Following this, the cost of iron ore lumps and fines will be now Rs 4,300 a tonne and Rs 2,610 a tonne respectively. 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. 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.
