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16-Aug2016

NMDC declines on reporting 30% fall in Q1 net profit

NMDC is currently trading at Rs 99.60, down by 1.60 points or 1.58% from its previous closing of Rs 101.20 on the BSE.

The scrip opened at Rs. 101.35 and has touched a high and low of Rs. 101.35 and Rs. 99.50 respectively. So far 112159 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 105.50 on 19-Oct-2015 and a 52 week low of Rs. 75.20 on 12-Feb-2016.

Last one week high and low of the scrip stood at Rs. 104.00 and Rs. 98.75 respectively. The current market cap of the company is Rs. 39567.87 crore.

The promoters holding in the company stood at 80.00%, while Institutions and Non-Institutions held 17.30% and 2.69% respectively.

NMDC has registered a fall of 29.95% in its net profit at Rs 711.31 crore for the quarter as compared to Rs 1015.39 crore for the same quarter in the previous year. Total income of the company decreased by 10.38% at Rs 2065.82 crore for quarter under review as compared to Rs 2305.11 crore for the quarter ended June 30, 2015.

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.


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