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NMDC rises on reporting 16% rise in Q2 consolidated net profit
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NMDC is currently trading at Rs. 170.80, up by 1.05 points or 0.62% from its previous closing of Rs. 169.75 on the BSE.
The scrip opened at Rs. 171.95 and has touched a high and low of Rs. 171.95 and Rs. 169.80 respectively. So far 4662 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 177.75 on 13-Nov-2023 and a 52 week low of Rs. 103.75 on 19-May-2023.
Last one week high and low of the scrip stood at Rs. 177.75 and Rs. 161.45 respectively. The current market cap of the company is Rs. 49747.03 crore.
The promoters holding in the company stood at 60.79%, while Institutions and Non-Institutions held 26.05% and 13.16% respectively.
NMDC has reported 15.64% rise in its net profit at Rs 1027.63 crore for the quarter ended September 30, 2023 as compared to Rs 888.68 crore for the same quarter in the previous year. Total income of the company increased by 15.45% at Rs 4334.64 crore for Q2FY24 as compared to Rs 3754.45 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported 15.72% rise in its net profit at Rs 1024.86 crore for Q2FY24 as compared to Rs 885.65 crore for the same quarter in the previous year. Total income of the company increased by 15.45% at Rs 4335.02 crore for Q2FY24 as compared to Rs 3754.77 crore for the corresponding quarter previous year.
