NMDC Ltd Share Price – NSE  /  BSE

Mining & Mineral products, Small Cap

NMDC announced the cessation of Dilip Kumar Mohanty as Director (Production) on the board of the company with effect from 30 June 2024.

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Iron ore sales in the month of June 2024 stood at 3.73 MT, registering de-growth of 9.02% as compared to 4.10 MT recorded in the same period a year ago.

Sequentially, the PSU miner's iron ore production jumped by 58.54% and iron ore sales increased by 45.39% in June 2024.

Meanwhile, NMDC also announced a revision in the prices of iron ore. The price of iron ore lumps has been reduced by Rs 500, bringing it to Rs 5,950 per tonne from the previous Rs 6,450 per tonne.

Similarly, the price of iron ore fines has been cut by Rs 500, now stood at Rs 5,110 per tonne compared to the earlier Rs 5,610 per tonne.

NMDC is India's single largest iron ore producer, presently producing about 35 million tonnes of iron ore from 3 fully mechanized mines, two located in Chhattisgarh and one in Karnataka. As of March 2024, the Government of India held 60.79% stake in the firm.

The company’s consolidated net profit from continuing operations declined 37.82% to Rs 1,415.88 crore in Q4 FY24 as compared with Rs 2,277.13 crore recorded in same quarter last year. Total income grew 18.24% YoY to Rs 6,908.37 crore in the fourth quarter of FY24.

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NMDC Ltd dropped for a fifth straight session today. The stock is quoting at Rs 243.95, down 2.13% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is up around 0.46% on the day, quoting at 23977.8. The Sensex is at 79080.79, up 0.52%.NMDC Ltd has eased around 5.76% in last one month.Meanwhile, Nifty Metal index of which NMDC Ltd is a constituent, has eased around 1.03% in last one month and is currently quoting at 9714.3, down 0.01% on the day. The volume in the stock stood at 102.38 lakh shares today, compared to the daily average of 125.53 lakh shares in last one month.

The benchmark June futures contract for the stock is quoting at Rs 243.6, down 2.46% on the day. NMDC Ltd jumped 133.44% in last one year as compared to a 26.38% rally in NIFTY and a 56.39% spurt in the Nifty Metal index.

The PE of the stock is 12.53 based on TTM earnings ending March 24.

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NMDC Ltd gained for a third straight session today. The stock is quoting at Rs 258.2, up 2.38% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 1.78% on the day, quoting at 23226.9. The Sensex is at 76478.93, up 1.87%. NMDC Ltd has slipped around 3.22% in last one month.

Meanwhile, Nifty Metal index of which NMDC Ltd is a constituent, has slipped around 7.91% in last one month and is currently quoting at 9632.5, up 1.98% on the day. The volume in the stock stood at 49.93 lakh shares today, compared to the daily average of 133.41 lakh shares in last one month.

The benchmark June futures contract for the stock is quoting at Rs 258.1, up 1.79% on the day. NMDC Ltd is up 137.75% in last one year as compared to a 24.64% spurt in NIFTY and a 61.89% spurt in the Nifty Metal index.

The PE of the stock is 12.67 based on TTM earnings ending March 24.

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