NMDC rose 1.51% to Rs 137.65 at 10:20 IST on BSE after Life Insurance Corporation of India hiked its stake in the company by a little over 2%.
Meanwhile, the BSE Sensex was down 13.15 points, or 0.05%, to 28,866.23.
On BSE, so far 1.11 lakh shares were traded in the counter, compared with an average volume of 2.41 lakh shares in the past one quarter.
The stock hit a high of Rs 139.40 and a low of Rs 136.55 so far during the day. The stock hit a 52-week high of Rs 196.15 on 6 June 2014. The stock hit a 52-week low of Rs 123 on 26 March 2015.
The stock had outperformed the market over the past one month till 10 April 2015, rising 4.47% compared with 0.59% rise in the Sensex. The scrip had, however, underperformed the market in past one quarter, rising 0.22% as against Sensex's 5.18% rise.
The large-cap company has an equity capital of Rs 396.47 crore. Face value per share is Re 1.
NMDC issued a disclosure on Saturday, 11 April 2015, that Life Insurance Corporation of India (LIC) acquired 7.98 crore shares, or 2.013% equity of NMDC through open market between 20 September 2014 and 9 April 2015. Consequently, LIC's stake in NMDC has risen to 10.124% from 8.111% earlier.
NMDC's net profit rose 1.6% to Rs 1593.01 crore on 4.2% rise in total income to Rs 3471.19 crore in Q3 December 2014 over Q3 December 2013.
The Government of India holds 80% stake in the firm as at 31 December 2014.
Powered by Capital Market - Live News
