NMDC soars 20% on disinvestment plans

The stock finally ended at Rs 434, up 20% from the previous close. The counter clocked volumes of 1.83 million shares as compared to the two-week daily average traded volumes of 74,433 shares on the BSE.

The scrip zoomed a massive 52% in a week's time. 
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(Updated at 1119hrs)

NMDC has zoomed in morning trades on hopes of government's disinvestment decision.

The stock opened at Rs 370 and soared to a high of Rs 417. The scrip is now trading at Rs 409, up 13% from the previous close. The counter has clocked volumes of 471,794 shares as compared to the two-week daily average traded volumes of 74,433 shares on the BSE.

 

The stock has zoomed 43% in a week.

The Steel Ministry declared that it would stick to its earlier proposal of divesting up to 10% of the government's equity in iron ore miner NMDC even though the Finance Ministry had proposed 15% sale of Centre's holding in the navratna company.