NMDC falls even after logging over 9% rise in iron ore production during September
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NMDC is currently trading at Rs. 144.90, down by 3.30 points or 2.23% from its previous closing of Rs. 148.20 on the BSE.
The scrip opened at Rs. 147.85 and has touched a high and low of Rs. 149.20 and Rs. 144.25 respectively. So far 713327 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 154.15 on 15-Sep-2023 and a 52 week low of Rs. 93.60 on 27-Oct-2022.
Last one week high and low of the scrip stood at Rs. 150.35 and Rs. 141.50 respectively. The current market cap of the company is Rs. 42860.11 crore.
The promoters holding in the company stood at 60.79%, while Institutions and Non-Institutions held 24.99% and 14.21% respectively.
NMDC has posted a 9.8 per cent rise in iron ore production at 3 million tonnes (MT) in September 2023. The company's iron ore output in September last year was 2.73 MT. Sales of the state-owned company also increased to 3.11 MT in September, over 2.91 MT in the year-ago period.
The company's iron ore production in the April-September period also increased to 19.56 MT, as against 16.18 MT in the corresponding period of the previous fiscal. The sales of NMDC in the first six months of the current fiscal also increased to 20.53 MT, over 16.36 MT in the year-ago period.
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.
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