Report says that this is the first hike for the higher grade of the ore in over one-and-a-half years.
NMDC has raised the lump price by a little over 8% to Rs 1,950 per tonne effective March 11, according to reports.
Report says that this is the first hike for the higher grade of the ore in over one-and-a-half years.
The firm also raised prices for iron ore fines by 10 percent to Rs 1,710 per tonne for this month.
Report says that this is the first hike for the higher grade of the ore in over one-and-a-half years.
The firm also raised prices for iron ore fines by 10 percent to Rs 1,710 per tonne for this month.
NMDC Ltd ended at Rs. 92.9, down by Rs. 0.25 or 0.27% from its previous closing of Rs. 93.15 on the BSE.
The scrip opened at Rs. 92 and touched a high and low of Rs. 94.15 and Rs. 91 respectively. A total of 2158008(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 36832.06 crore.
The BSE group 'A' stock of face value Rs. 1 touched a 52 week high of Rs. 139.4 on 13-Apr-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. 99 and Rs. 90.75 respectively.
The promoters holding in the company stood at 80 % while Institutions and Non-Institutions held 17.56 % and 2.43 % respectively.
The stock traded below its 200 DMA.
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