NMDC surges despite reports 6% fall in iron ore production in April-October
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NMDC is currently trading at Rs. 109.00, up by 4.45 points or 4.26% from its previous closing of Rs. 104.55 on the BSE.
The scrip opened at Rs. 105.00 and has touched a high and low of Rs. 110.05 and Rs. 104.55 respectively. So far 968069 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 143.13 on 11-Apr-2022 and a 52 week low of Rs. 81.27 on 27-Oct-2022.
Last one week high and low of the scrip stood at Rs. 110.05 and Rs. 93.60 respectively. The current market cap of the company is Rs. 31928.95 crore.
The promoters holding in the company stood at 60.79%, while Institutions and Non-Institutions held 28.03% and 11.18% respectively.
NMDC has reported an over 6 per cent fall in its iron ore production at 19.71 million tonnes (MT) during April-October, 2022. The mining giant had produced 21.04 MT iron ore during the same period of preceding fiscal. Its cumulative sales also fell 12 per cent to 19.44 MT from 22.08 MT in the year ago period.
The production in October this year was almost flat at 3.53 MT. The company had produced 3.33 MT iron ore in the same month last year. Sales were around 14 per cent lower at 3.09 MT from 3.58 MT in October 2021.
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.
