Wednesday, 13 August 2014

NMDC soars on reporting 22% rise in Q1 net profit.

   


      NMDC's net profit for the quarter has surged 21.80% at Rs 1915.01 crore as compared to Rs 1572.19 crore for the quarter ended June 30, 2013. Its total income has increased by 18.48% to Rs 4018.55 crore for the quarter under review from Rs 3391.53 crore for the corresponding quarter of the previous year.
     NMDC is a state-controlled mineral producer of the Government of India. It is fully owned by the Government of India and is under administrative control of the Ministry of Steel.
     The promoters holding in the company stood at 80.00% while Institutions and Non-Institutions held 17.20%  and 2.79% respectively.

      The BSE group'A' stock of face value Rs 1 has touched a 52 week high of Rs 196.15 on 09-Jun-2014 and a 52 week low of Rs 106.75 on 19-Aug-2013.
     NMDC is currently trading at Rs 174.55, up by 1.25 points or 0.72% from its previous closing of Rs 173.30 on the BSE.
     

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