NMDC fell 4.27% to Rs 139.10 at 9:37 IST on BSE after the stock turned ex-dividend today, 17 February 2014, for second interim dividend of Rs 5.50 per share for the year ending 31 March 2014.
Meanwhile, the BSE Sensex was up 76.27 points, or 0.37%, to 20,443.09.
On BSE, so far 9.86 lakh shares were traded in the counter, compared with an average volume of 1.87 lakh shares in the past one quarter.
The stock hit a high of Rs 141 and a low of Rs 137.30 so far during the day. The stock hit a 52-week high of Rs 154.40 on 20 February 2013. The stock hit a 52-week low of Rs 92.65 on 6 August 2013.
The stock had outperformed the market over the past one month till 14 February 2014, rising 4.91% compared with the Sensex's 3.17% fall. The scrip had outperformed the market in past one quarter, rising 9.74% as against Sensex's 0.16% decline.
The large-cap company has an equity capital of Rs 396.47 crore. Face value per share is Re 1.
Before turning ex-dividend, the stock offered a dividend yield of 3.79% based on the closing price of Rs 145.30 on Friday, 14 February 2014.
NMDC's net profit rose 21.2% to Rs 1567.30 crore on 37.8% rise in net sales to Rs 2821.53 crore in Q3 December 2013 over Q3 December 2012.
State-run NMDC is India's single largest iron ore producer and exporter. The Government of India (GoI) holds 80% stake in NMDC (as per the shareholding pattern as on 31 December 2013).
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