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NMDC gains on hiking iron ore prices by Rs 200 a tonne

06 Dec 2013 Evaluate

NMDC  is currently trading at Rs. 142.80, up by 0.35 points or 0.25 % from its previous closing of Rs. 142.45 on the BSE.

The scrip opened at Rs. 140.15 and has touched a high and low of Rs. 142.85 and Rs. 140.15 respectively. So far 15590 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 171.50 on 02-Jan-2013 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. 143.00 and Rs. 124.60 respectively. The current market cap of the company is Rs. 56536.85 crore.

The promoters holding in the company stood at 80.00 % while Institutions and Non-Institutions held 15.96 % and 4.04 % respectively.

State-owned National Mineral Development Corporation (NMDC) has hiked its iron ore prices by Rs 200 a tonne for December. The price hike is in line with the global pricing of the ore and domestic demand-supply scenario.

The company has increased the prices of lumps and fines both. At present, the prices are Rs 4,500 a tonne for lumps and Rs 2,810 a tonne for fines.

The company had hiked the prices by Rs 100 a tonne in October. The October spike had come after several months of iron ore prices being either unchanged or cut.

NMDC is a state-controlled mineral producer of the Government of India. It is fully owned by the Government of India and is under administrative control of the Ministry of Steel.

NMDC Share Price

88.81 -0.97 (-1.08%)
20-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Coal India 441.65
NMDC 88.81
GMDC 691.40
Sandur Manganese 213.50
MOIL 321.05
View more..

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