NMDC slips post revision of iron ore prices


NMDC slipped to trade in the negative zone during the early hours of Thursday’s trade after revision of iron ore prices.

The company has revised the prices of iron ore with effect from October 5, 2017 and the revised prices for lump ore at Rs 2,300 per ton and fines at Rs 2,600 per ton.

The stock on Thursday’s trade slipped 0.46% at Rs 118.90 per share on BSE at 0938 hours. The stock on NSE attracted a total traded volume of 2,28,788 shares and a traded value of Rs 271.30 lakh.

Meanwhile, the company has a return on equity of 13.91% for last three years. The stock on yearly basis has given 6.17% returns and has underperformed BSE Sensex and BSE Metal index.

NMDC Limited is an India-based company engaged in mining of iron ore. The Company’s segments include Iron Ore, and Other minerals & services. It is also engaged in the production and sale of diamond, sponge iron and wind power.




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