Published on 9/01/2018 1:02:56 PM | Source: Dion Global Solutions Ltd

NMDC slips over 4% as govt offloads stake

Posted in Stock On The Move| #Mining Sector #Stock On The Move #NMDC Ltd.

Shares of state-run NMDC fell over 4 per cent on the Bombay Stock Exchange as the government begun 1.5 per cent stake sale in mining company today. Weighed down by the development, shares of the company declined as much 4.26 per cent and touched an intra-day low of Rs 154.95 apiece on the Bombay Stock Exchange.

In a similar fashion, shares of the firm were trading 3.89 per cent lower at Rs 155.55 apiece on the National Stock Exchange. Meanwhile, the broader benchmark BSE Sensex was trading at 34,450.36, up 97.58 points, or 0.28 per cent, at 11:25 hours.