NMDC surges on reporting 19% rise in Q2 net profit

NMDC is currently trading at Rs. 172.60, up by 1.75 points or 1.02% from its previous closing of Rs. 170.85 on the BSE.

The scrip opened at Rs. 172.25 and has touched a high and low of Rs. 172.95 and Rs. 171.80 respectively. So far 4153 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 196.15 on 06-Jun-2014 and a 52 week low of Rs. 123.10 on 12-Mar-2014.

Last one week high and low of the scrip stood at Rs. 173.50 and Rs. 160.75 respectively. The current market cap of the company is Rs. 67737.17 crore.

The promoters holding in the company stood at 80.00% while Institutions and Non-Institutions held 17.38% and 2.61% respectively.

NMDC has registered 18.83% rise in its net profit at Rs 1566.75 crore for the quarter under review as compared to Rs 1318.45 crore for the same quarter in the previous year. Total income of the company has increased by 20.33% at Rs 3631.89 crore for Q2FY15 as compared Rs 3018.29 crore for the corresponding quarter 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.