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NMDC gains after good Q2 earnings

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Capital Market

NMDC rose 0.93% to Rs 91.80 at 17:46 IST on BSE after net profit fell 48.28% to Rs 810.24 crore on 44.14% decline in total income to Rs 2028.66 crore in Q2 September 2015 over Q2 September 2014.

The result was announced after market hours yesterday, 10 November 2015.

Meanwhile, the BSE Sensex was up 133.60 points, or 0.52%, to 25,876.86.

On BSE, so far 5,637 shares were traded in the counter, compared with an average volume of 1.98 lakh shares in the past two weeks.

The stock hit a high of Rs 92.20 and a low of Rs 91 so far during the day. The stock hit a 52-week high of Rs 160.10 on 11 November 2014. The stock hit a 52-week low of Rs 90.10 on 24 August 2015.

 

The Government of India (GoI) holds 80% stake in NMDC (as per the shareholding pattern as on 30 September 2015).

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First Published: Nov 11 2015 | 5:48 PM IST

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