NMDC Ltd Share Price – NSE /  BSE

Mining & Mineral products, Mid Cap

Karnataka is an important state for NMDC as it contributes to nearly 35% of the overall mix for the company.

Earlier this month, the Karnataka Cabinet approved the Karnataka (Mineral Rights and Mineral Bearing Land) Tax Bill, 2024, to make provisions for levy and collection of tax on exercise of mineral rights and on mineral-bearing land by the State government.

The scrip has declined 13.08% in the past six trading sessions from its recent high of Rs 243.95 recorded on 10 December 2024. On the BSE 10.15 lakh shares traded in the counter so far as compared with average daily volumes of 4.94 lakh shares traded in the past two weeks.

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 September 2024, the Government of India held 60.79% stake in the firm.

NMDC reported 18.1% jump in consolidated net profit to Rs 1,211.57 crore on 22.5% increase in net sales to Rs 4,918.91 crore in Q2 FY25 over Q2 FY24.

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NMDC has fixed 27 December 2024 as record date to determine the eligibility of shareholders for issuance of bonus shares in ratio of 2:1.

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NMDC Ltd is down for a fifth straight session today. The stock is quoting at Rs 229.31, down 1.43% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 1.27% on the day, quoting at 24355.900390625. The Sensex is at 80752.85, down 1.22%.NMDC Ltd has added around 2.96% in last one month.Meanwhile, Nifty Metal index of which NMDC Ltd is a constituent, has increased around 2.74% in last one month and is currently quoting at 9347.75, down 1.12% on the day. The volume in the stock stood at 22.73 lakh shares today, compared to the daily average of 94.36 lakh shares in last one month.

The benchmark December futures contract for the stock is quoting at Rs 229.98, down 1.22% on the day. NMDC Ltd jumped 17.26% in last one year as compared to a 13.71% rally in NIFTY and a 18.99% spurt in the Nifty Metal index.

The PE of the stock is 10.63 based on TTM earnings ending September 24.

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NMDC Ltd gained for a fifth straight session today. The stock is quoting at Rs 235.09, up 1.44% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.67% on the day, quoting at 24437.6. The Sensex is at 80805, up 0.69%. NMDC Ltd has risen around 3.79% in last one month.

Meanwhile, Nifty Metal index of which NMDC Ltd is a constituent, has risen around 0.28% in last one month and is currently quoting at 9133.6, up 0.91% on the day. The volume in the stock stood at 36.38 lakh shares today, compared to the daily average of 133.03 lakh shares in last one month.

The benchmark December futures contract for the stock is quoting at Rs 236.17, up 1.3% on the day. NMDC Ltd is up 27.73% in last one year as compared to a 18.13% spurt in NIFTY and a 27.97% spurt in the Nifty Metal index.

The PE of the stock is 10.59 based on TTM earnings ending September 24.

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