NMDC Ltd. June 29th Shares Declined Around 5%, After Q4 Result:
To begin with, NMDC Ltd. shares traded with a 4.75% declined in today’s intraday trade. As per the records, the total market capitalization stood at Rs. 2.17 cr.
Moreover, the company shares started at Rs. 80.15 per equity share on the National Stock Exchange. The stocks reached the intraday high value of Rs. 84.15 per eq share. Similarly, the intraday low value of Rs. 79.95 per share.
On 31st March 2020, the company announced its consolidated sales worth Rs. 3,187.39 cr. Comparatively, the company sales raised by 6.02% from its last quarter sales of Rs. 3,006.38 cr. Also, its sales raised by 12.52% from last year’s sales of Rs. 3,643.32 cr.
Furthermore, the net profit of Rs. 315.39 cr declined by 78.23% from the same quarter a year ago. By the ending of March 2020, the company promoters held 69.65% from its stake, FIIs held a 6.03% stake and DIIs held a 3.53% stake.
Presently, the NMDC limited shares quoted with a price-to-earnings ratio in multiples of 6.86. Similarly, the company’s price-to-book value ratio of 0.89.
Stock Market Update:
Stock Market June 29th: On Monday, both Sensex and Nifty seem to trade in a bearish trend at the stock market. The Sensex stood trading down with 34,961.52 levels and Nifty stood trading down with 10,312.40 levels. The Sensex declined 209.75 points with a 0.60% fall. Besides, Nifty has declined 70.60 points with a 0.68% fall.
On the other hand, the number of confirmed coronavirus cases in India reached 5,49,197 as of June 29th, and deaths reached 16,487.
In the border market, the S&P BSE Midcap index reported a bearish trend in the stock market today. It declined 13,073.72 points with a 1.39% decrease and reached 13,073.72 level. The S&P BSE Smallcap index declined 155.84 points with a 1.23% decrease and reached a 12,474.44 level. However, the Nifty Bank lost 233.05 points with a 1.08% fall and reached a 21,359.00 level.