NMDC gains after bulk deal

NMDC rose 0.76% to Rs 132 at 14:03 IST on BSE after a bulk deal of 10 lakh shares was executed on the counter at Rs 131 per share at 11:41 IST on BSE today, 13 November 2013.

Meanwhile, the BSE Sensex was down 97.82 points, or 0.48%, to 20,184.09

On BSE, 10.40 lakh shares were traded in the counter compared with average volume of 2.45 lakh shares in the past one quarter.

The stock hit a high of Rs 133.20 and a low of Rs 129.80 so far during the day. The stock hit a 52-week high of Rs 182.80 on 12 November 2012. The stock hit a 52-week low of Rs 92.65 on 6 August 2013.

The stock had outperformed the market over the past one month till 12 November 2013, rising 0.89% compared with the Sensex's 1.20% fall. The scrip also outperformed the market in past one quarter, gaining 20.63% as against Sensex's 7.05% rise.

The large-cap company has an equity capital of Rs 396.47 crore. Face value per share is Re 1.

NMDC's net profit declined 21.5% to Rs 1318.36 crore on 5.5% fall in total income to Rs 3018.29 crore in Q2 September 2013 over Q2 September 2012.

NMDC's production of iron ore rose over 10% to 5.94 million tonnes (MT) while sales of iron ore rose about 11% to 6.50 MT in Q2 September 2013 over Q2 September 2012.

State-run NMDC is India's single largest iron ore producer and exporter. The Government of India (GoI) holds 80% stake in NMDC (as per the shareholding pattern as on 30 September 2013).

Powered by Capital Market - Live News