The stock ended at the upper circuit of Rs 385 - up 5%, with buy orders of 51,427 shares pending at the counter. Around 144,715 shares were traded on the BSE today, as against the two-week daily average trade of 91,493 shares.
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(Updated at 1102 hrs)
NMDC has surged on getting approval for disinvestment from the steel ministry.
The stock opened at the day's high Rs 385. Howver, the stock slipped to a low of Rs 375 and is now up 4% at Rs 381. The counter has witnessed heavy volumes of 101,729 shares as against the two-week daily trade average of 91,493 shares on the BSE.
The steel ministry has approved the sale of 8.38% of government equity in the blue chip company NMDC. This can fetch the government Rs 12,000 crore. NMDC has a market capital of Rs 146,297 crore.