NMDC declines on reducing prices of Lump Ore for May

NMDC is currently trading at Rs. 148.75, down by 0.95 points or 0.63% from its previous closing of Rs. 149.70 on the BSE. The scrip opened at Rs 150.00 and has touched a high and low of Rs 150.85 and Rs 147.45 respectively. So far 55989 shares were traded on the counter. The BSE group 'A ' stock of face value Rs 1 has touched a 52 week high of Rs 155.50 on 02-May-2014 and a 52 week low of Rs 92.65 on 06-Aug-2013. Last one week high and low of the scrip stood at Rs 155.50 and Rs 148.30 respectively. The current market cap of the company is Rs 58876.03 crore. The promoters holding in the company stood at 80.00% while Institutions and Non-Institutions held 16.80% and 3.20% respectively. National Mineral Development Corporation (NMDC), a state-run iron ore miner, has revised the prices of Iron Ore for the month of May, 2014. The state-owned company has reduce the prices of Lump Ore for the month of May, 2014 by Rs 200 a tonne to Rs 4300/WMT while prices of Fines is fixed at Rs 2910/WMT. 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.