NMDC share price rises 73% in last one year. Should you Buy, Sell or Hold ?
1 year, 2 months ago

NMDC share price rises 73% in last one year. Should you Buy, Sell or Hold ?

Live Mint  

NMDC Share price after gaining almost 73% in last one year also scaled 52 week highs on Tuesday. NMDC iron-ore production at 4.48 mt during December 2023 grew 24% y-o-y taking total production during first nine months of FY24 to 31.79mt which is an increase of 18% over last year same period.\ The rising steel production and demand in the country remains supportive for iron-ore demand, improving volume outllok for NMDC, the country’s largest producer of iron-ore. The International iron ore prices that were hovering around $105 a tonne in July- August last year have risen and crossed $135 a tonne now. 5,600/- per ton, price of fines were increased by ₹250 to ₹4,910 a tonne.. NMDC’s fine prices were at a sharp discount of 60% to international iron ore prices against long-term average levels of 42%, which allowed NMDC to raise prices, and more hikes in coming months cannot be ruled out said analysts.

Prices Price Tonne Ore Volume Lump Ore Nmdc Iron Strong Production  hold  price  sell  buy  nmdcs  prices  73  ore  volume  sales  rises  share  nmdc  iron  strong  production  tonne

History of this topic

NMDC share price: Navratna stock trades flat ahead of dividend 2025 record date
1 week, 3 days ago

NMDC share price: Navratna stock trades flat ahead of dividend 2025 record date

Live Mint  

Stock market today: Ahead of the dividend record date tomorrow, shares of Navratna public sector undertaking NMDC traded on a flat note on Thursday, March 20. NMDC, earlier this week on March 17, announced an interim dividend of ₹2.30 per share and fixed the record date for Friday, March 21 to determine the shareholders eligible to receive the said dividend. …

NMDC shares rise 2% after interim dividend announcement. Check details
1 week, 5 days ago

NMDC shares rise 2% after interim dividend announcement. Check details

India Today  

Shares of NMDC gained in early trade on Tuesday after the company announced an interim dividend of Rs 2.30 per share for the financial year 2024-25. In a filing to the exchanges, NMDC said, "The Board of Directors of the Company in its meeting held on Monday, 17th March 2025, inter alia declared the 1st Interim Dividend of Rs 2.30 …

NMDC share price rallies over 2% ahead of interim dividend announcement; do you own?
1 week, 6 days ago

NMDC share price rallies over 2% ahead of interim dividend announcement; do you own?

Live Mint  

Shares of Maharatna PSU firm NMDC surged as much as 2.23 per cent on the National Stock Exchange in Monday's trading session ahead of the interim dividend for the financial year 2024-25. “A Meeting of Board of Directors of the Company is scheduled to be held on Monday, 17th March 2025 to consider, inter alia, declaration of Interim Dividend for …

NMDC share price drops 3.5% as Kotak institutional slashes target price to ₹55
2 weeks, 4 days ago

NMDC share price drops 3.5% as Kotak institutional slashes target price to ₹55

Live Mint  

Continuing their bearish trend for the second consecutive trading session, shares of NMDC, India’s largest iron ore producer, fell another 3.5% in today's intraday trade on March 11, to ₹63.71 apiece. The cut in target price follows a decline in iron ore prices, driven by an increasing market surplus for seaborne iron ore and rising supply pressure in India with …

NMDC’s iron ore output rose 18% in February on flat sales
4 weeks ago

NMDC’s iron ore output rose 18% in February on flat sales

The Hindu  

State-owned iron ore miner NMDC reported an almost 18% increase in production to 4.62 million tonne for February from the 3.92 MT a year earlier. “Consistent growth like this is an outcome of an efficient mining ecosystem driven by an innovative and ingenious spirit. NMDC has committed to build a 100 MT iron ore mining capacity by 2030 and towards …

NMDC share price drops 17% in last 1 year but experts remain bullish on this PSU stock. Here’s why
1 month ago

NMDC share price drops 17% in last 1 year but experts remain bullish on this PSU stock. Here’s why

Live Mint  

NMDC share price has witnessed remarkable volatility in the last few months. Falling for the second consecutive session, NMDC share price declined almost 2 per cent in intraday trade on the BSE on Tuesday, February 25. NMDC share price trend This PSU stock has been under pressure after hitting a 52-week high of ₹95.35 on May 21 last year. NMDC …

NMDC shares fall 7% on reports of Karnataka’s proposed iron ore duty hike, down for 6th straight session
3 months, 1 week ago

NMDC shares fall 7% on reports of Karnataka’s proposed iron ore duty hike, down for 6th straight session

Live Mint  

Shares of state-run NMDC Ltd. dropped 7 percent on Wednesday, December 18, following media reports that the Karnataka government is considering an increase in the duty on iron ore mining. Reports suggest the draft regarding the increased iron ore duty circulated recently, and a decision from the state government is expected soon. As Karnataka accounts for 78 percent of India’s …

Can FY25 break NMDC’s momentum?
1 year, 1 month ago

Can FY25 break NMDC’s momentum?

Live Mint  

Investors in NMDC Ltd have had a fruitful year, with the stock climbing over 70% in 2023 and a nearly 17% increase so far in 2024. The state-owned iron ore miner's performance has been buoyed by two price hikes in January, consistent progress towards its FY24 volume goals, and a better-than-expected profitability in the December quarter, bringing cheer to its …

NMDC Hikes Iron Ore Prices by Rs 200 Per Tonne
4 years, 5 months ago

NMDC Hikes Iron Ore Prices by Rs 200 Per Tonne

News 18  

The country's largest iron ore miner NMDC on Thursday increased rates of the mineral by Rs 200 to Rs 3,450 a tonne with immediate effect. In a BSE filing, NMDC said it has increased the price of lumps or high-grade iron ore by Rs 200 to Rs 3,450 per tonne, and that of iron ore fines or inferior grade ore …

NMDC slashes iron ore prices by Rs 50 per tonne; new rates are effective from 14 March
5 years ago

NMDC slashes iron ore prices by Rs 50 per tonne; new rates are effective from 14 March

Firstpost  

New Delhi: The country’s largest iron ore miner NMDC has slashed prices of lump ore and fines by Rs 50 per tonne. NMDC has reduced the price of lumps or high-grade iron ore by Rs 50 to Rs 3,150 per tonne, the company informed the BSE on Monday. The price of iron ore fines, which are inferior grade ore, has …

NMDC clocks record sales, production in FY’14
10 years, 11 months ago

NMDC clocks record sales, production in FY’14

The Hindu  

Buoyed by higher demand from domestic steel makers, sales and production of state-owned iron ore miner NMDC touched a record high of over 30 million tonnes in 2013-14. Production of the key steel-making raw material rose by 11.31 per cent over the previous fiscal to 30.1 MT, said a source at the country’s largest iron ore miner. Similarly, sales rose …

NMDC’s September quarter net profit down 21%
11 years, 5 months ago

NMDC’s September quarter net profit down 21%

Live Mint  

New Delhi: NMDC, the country’s largest producer of iron ore, posted a 21.5% year-on-year drop in net profit for the quarter ended 30 September to ₹ 1,318 crore due to lower price of this raw material for steel. Verma said that with steel demand in the country expected to grow by 6% in the current fiscal, there would be a …

NMDC price band fixed at Rs.145-150
12 years, 3 months ago

NMDC price band fixed at Rs.145-150

India TV News  

New Delhi, Dec 11: The Central Government, on Monday, fixed a price band of Rs.145-150 per share for its stake sale of 10 per cent in NMDC on the stock exchanges on Wednesday that could fetch up to Rs.5,947 crore. It will hit the markets on Wednesday,” a source in the know told PTI.The offer may fetch a maximum of …

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