Monday 15 February 2016

NMDC surges 9.6% after announcing dividend

The company reported standalone net profit of Rs.655.04 crore for the quarter ended December 31, 2015, registering decline of 58.88% yoy.


NMDC surged 9.6% to Rs.85.80 on BSE. The company has fixed February 25, 2016 as the Record Date for the purpose of Payment of First Interim Dividend for the financial year 2015-16.  The company reported standalone net profit of Rs.655.04 crore for the quarter ended December 31, 2015, registering decline of 58.88% yoy.

The scrip opened at Rs. 86.55 and has touched a high and low of Rs. 87 and Rs. 82.1 respectively. So far 2811555(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 31202.19 crore.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 146.15 on 16-Feb-2015 and a 52 week low of Rs. 75.2 on 12-Feb-2016. Last one week high and low of the scrip stood at Rs. 86.05 and Rs. 75.2 respectively.

The promoters holding in the company stood at 80 % while Institutions and Non-Institutions held 17.56 % and 2.43 % respectively.

The stock is currently trading above its 200 DMA.

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