NMDC Ltd Share Price – NSE  /  BSE

Mining & Mineral products, Mid Cap

NMDC Ltd rose for a third straight session today. The stock is quoting at Rs 184.2, up 1.18% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 1.54% on the day, quoting at 20579.05. The Sensex is at 68485.07, up 1.49%. NMDC Ltd has added around 14.87% in last one month.

Meanwhile, Nifty Metal index of which NMDC Ltd is a constituent, has added around 9.84% in last one month and is currently quoting at 7087, up 1.78% on the day. The volume in the stock stood at 74.2 lakh shares today, compared to the daily average of 146.74 lakh shares in last one month.

The benchmark December futures contract for the stock is quoting at Rs 185.6, up 1.23% on the day. NMDC Ltd is up 50.06% in last one year as compared to a 10.04% gain in NIFTY and a 5.77% gain in the Nifty Metal index.

The PE of the stock is 10.7 based on TTM earnings ending September 23.

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NMDC achieved total iron ore production of 3.83 million tonnes in month of November 2023 compared to 3.61 million tonnes in November 2022, recording a growth of 6%. The company's iron ore sales were higher by 24.67 % at 3.79 million tonnes compared to corresponding month of previous year.

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NMDC Ltd is up for a third straight session today. The stock is quoting at Rs 176.75, up 2.52% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.01% on the day, quoting at 19799.8. The Sensex is at 66013.43, down 0.01%. NMDC Ltd has gained around 15.56% in last one month.

Meanwhile, Nifty Metal index of which NMDC Ltd is a constituent, has gained around 5.64% in last one month and is currently quoting at 6828.35, up 0.62% on the day. The volume in the stock stood at 172.44 lakh shares today, compared to the daily average of 120.87 lakh shares in last one month.

The benchmark November futures contract for the stock is quoting at Rs 176.75, up 2.17% on the day. NMDC Ltd is up 49.41% in last one year as compared to a 6.95% jump in NIFTY and a 6.43% jump in the Nifty Metal index.

The PE of the stock is 10.13 based on TTM earnings ending September 23.

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According to the latest update by the company, the prices for Lump Ore (65.5%, 6-40mm) have been set at Rs 5,400 per ton, while Fines (64%,-10mm) are priced at Rs 4,660 per ton.

Comparatively, the prices in effect from 1 October 2023, were as follows: Lump Ore (65.5%, 6-40mm) at Rs. 5,200 per ton and Fines (64%,-10mm) at Rs 4,460 per ton.

These new price adjustments reflect an increase of Rs 200 per ton each for Lump Ore and Fines.

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 30 September 2023, the Government of India held 60.79% stake in the firm.

The company reported 15.73% jump in consolidated net profit to Rs 1,025.07 crore on 20.6% increase in revenue from operations to Rs 4,013.98 crore in Q2 FY24 over Q2 FY23.

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