NMDC Limited Shares

NMDC Limited Shares Climbed Over 5% As Nifty Rises

NMDC Limited Shares Climbed Over 5% As Nifty Rises On 16th September 2020:

To begin with, NMDC Limited shares traded with a 5.30% gain in today’s Intraday trade. Also, until now, the company exchanged 4,18,758 shares hands on the counter.

Moreover, the company shares started at Rs. 90.10 per equity share on the National Stock Exchange. The stocks reached the Intraday high value of Rs. 94.65 per eq share. Similarly, the Intraday low value of Rs. 89.75 per share.

According to the source, the company reached its 52-week highest value of Rs. 139.50. Also, it reached the 52-week lowest value of Rs. 62.00. As per the records, the total market capitalization stood at Rs. 28,199.64 Cr.

On 30th June 2020, NMDC Ltd. announced its consolidated sales worth Rs. 1,937.50 Cr. Comparatively, the company sales declined by 39.21% from its last quarter sales of Rs. 3,187.34 Cr. Also, its sales declined by 40.64% of Rs. 3,263.74 Cr in the previous year.

Furthermore, the net profit of Rs. 531.01 Cr raised by 54.67% from the same quarter a year ago. By the ending in June 2020, the company promoters held 69.65% of its stake, FIIs held a 5.35% stake and DIIs held a 3.72% stake.

National Mineral Development Corporation Limited shares trading with a gain of 2.45 points and reached 92.05 INR with 2.73% up. Previously, the company shares closed at 89.60 INR.

Presently, the bank shares quoted with a price-to-earnings ratio in multiples of 9.62. Similarly, the company’s price-to-book value ratio of 1.22.

Stock Market Update: 

Stock Market September 16th: On Wednesday, both Sensex and Nifty seem to trade in a bullish trend in the stock market. The Sensex stood traded gain with 39,188.95 levels and Nifty stood traded gain with 11,555.85 levels. The Sensex raised 144.60 points with a 0.37% gain. Besides, Nifty has raised 34.05 points with a 0.30% gain.

On the other hand, the number of confirmed or coronavirus cases in India reached 50,20,359 as of September 16th, and deaths reached 82,091.

In the border market, the S&P BSE Midcap index reported a bullish trend in the stock market today. It raised 32.15 points with a 0.21% gain and reached a 15,046.89 level. The S&P BSE Smallcap index raised 40.18 points with a 0.26% gain and reached a 15,403.75 level. However, the Nifty Bank declined 27.95 points with a 0.12% loss and reached a 22,437.70 level.

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