NMDC rose 2.52% to Rs 148.60 at 09:33 IST on BSE after the company said that its total iron ore production and dispatches rose in the ten months ended 31 January 2014 over the ten months ended 31 January 2013.
The company made the announcement on Saturday, 8 February 2014.
Meanwhile, the BSE Sensex was up 12.27 points, or 0.06%, to 20,397.57
On BSE, so far 27,236 shares were traded in the counter compared with average volume of 1.97 lakh shares in the past one quarter.
The stock hit a high of Rs 148.65 and a low of Rs 145.50 so far during the day. The stock hit a 52-week high of Rs 154.40 on 20 February 2013. 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 7 February 2014, rising 6.42% compared with the Sensex's 1.53% fall. The scrip had also outperformed the market in past one quarter, gaining 5.42% as against Sensex's 2.14% fall.
The large-cap company has an equity capital of Rs 396.47 crore. Face value per share is Re 1.
NMDC said on Saturday, 8 February 2014 that on a provisional basis, the company's iron ore production rose 12.16% to 23.23 million tonne in the ten months ended 31 January 2014 over the ten months ended 31 January 2013. Iron ore despatches on a provisional basis rose 15.45% to 24.28 million tonne in the ten months ended 31 January 2014 over the ten months ended 31 January 2013.
The company also said that it has rolled over the January 2014 prices of lump ore of Rs 4500 per WMT to the month of February 2014. It increased the prices of iron ore fines by Rs 100 per WMT to Rs 2910 per WMT for the month of February 2014.
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.
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 31 December 2013).
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