NMDC fell 0.82% to Rs 91 at 10:11 IST on BSE after the company reduced prices of lump ore by Rs 300 per tonne to Rs 1,800 per tonne with effect from 4 December 2015.
The announcement was made after market hours on Friday, 4 December 2015.
Meanwhile, the BSE Sensex was up 10.91 points, or 0.04%, to 25,649.02
On BSE, so far 39,620 shares were traded in the counter, compared with an average volume of 2.23 lakh shares in the past one quarter.
The stock was volatile. The stock rose as much as 1.08% at the day's high of Rs 92.75 so far during the day. The stock fell as much as 0.82% at the day's low of Rs 91 so far during the day. The stock hit a 52-week high of Rs 148.95 on 2 January 2015. The stock hit a 52-week low of Rs 90.10 on 25 August 2015.
The stock had outperformed the market over the past one month till 4 December 2015, falling 3.32% compared with 3.45% decline in the Sensex. The scrip, however, underperformed the market in past one quarter, falling 6.81% as against Sensex's 1.73% rise.
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The large-cap company has an equity capital of Rs 396.47 crore. Face value per share is Re 1.
In its monthly price review, the state-run iron ore miner NMDC, however, kept prices of iron ore fines unchanged at Rs 1,560 per tonne. The prices are excluding royalty, taxes, DMF, duties, levies etc, NMDC said.
NMDC's net profit fell 48.3% to Rs 810.24 crore on 44.1% decline in total income to Rs 2028.66 crore in Q2 September 2015 over Q2 September 2014.
The Government of India (GoI) holds 80% stake in NMDC (as per the shareholding pattern as on 30 September 2015).
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