NMDC Ltd. News and Updates

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NMDC Ltd.

08 Jan 2021

68.76

1.15%

After years of underperformance, NMDC stock strikes when iron is hot

Business Standard

Rally fuelled by global rise in iron prices; stock trading at P/E multiple of 13x

NMDC Ltd. is trading above its 150 day SMA of 67.8

NMDC Ltd.

04 Jan 2021

68.76

1.15%

NMDC share price gains 4% after iron ore production for December rises 23%

Moneycontrol

Its iron ore production for the month of December 2020 was 3.86 MT against the production level of 3.13 MT in December 2019, registering a growth of 23.3 percent.

NMDC Ltd. is trading below its 30 day SMA of 69.7

NMDC Ltd.

01 Jan 2021

68.76

1.15%

NMDC posts over 23% rise in iron ore output at 3.86 mn tonne in December

Business Standard

In the year-ago period, the miner had produced 3.13 MT iron ore from its mines, NMDC said in a BSE filing

Number of FII/FPI investors decreased from 667 to 651 in Mar 2025 qtr

NMDC Q3 iron ore output up 12.3% at 9.6 million tonnes

Business Line | 01 Jan 2021

NMDC Ltd.

29 Dec 2020

68.76

1.15%

Steel cos blame high cost of iron ore for price hike

Business Line

NMDC raises iron ore lump prices to 4,610 a tonne from 1,960 a tonne in last 6 months; every 1,000 rise in ore prices pushes up steel output cost by about 2,000 a tonne

Number of MF schemes decreased from 39 to 33 in Mar 2025 qtr

NMDC Ltd.

21 Dec 2020

68.76

1.15%

NMDC, MECL ink pact for joint mineral exploration

Business Line

Iron ore major NMDC Ltd has signed an MoU with Mineral Exploration Corporation Limited (MECL) for joint exploration for iron ore, gold, coal, diamond

NMDC Ltd. is trading above its 150 day SMA of 67.8

NMDC Ltd.

19 Dec 2020

68.76

1.15%

Why you should accumulate the stock of NMDC

Business Line

Higher realisations, sanguine prospects and cost-control measures work in favour

NMDC Ltd. has an average target of 76.50 from 4 brokers.

NMDC Ltd.

19 Dec 2020

68.76

1.15%

Minister visits NMDC's Baildila mines

Business Line

Union Minister of State for Steel, Faggan Singh Kulaste, visited NMDC's Bailadila Mines, Kirandul and Bacheli units and slurry pipeline works to get a

Number of MF schemes decreased from 39 to 33 in Mar 2025 qtr

NMDC Ltd.

17 Dec 2020

68.76

1.15%

NMDC share buyback begins; should you tender shares?

Moneycontrol

"The board approved a proposal for buyback of 13,12,43,809 fully paid-up equity shares of a face value of Re 1 each from the company's shareholders at a price of Rs 105 per equity share payable in cash," NMDC said.

NMDC Ltd. has an average target of 76.50 from 4 brokers.

NMDC Ltd.

11 Dec 2020

68.76

1.15%

NMDC gains 5% on higher iron ore prices; stock surges 24% in a month

Business Standard

The rally in global iron ore prices augurs well for NMDC as it provides the domestic iron ore major likely room to increase its prices further, thereby auguring well for the company.

Number of FII/FPI investors decreased from 667 to 651 in Mar 2025 qtr

NMDC Ltd.

05 Dec 2020

68.76

1.15%

Buy NMDC; target of Rs 125: Prabhudas Lilladher

Moneycontrol

Prabhudas Lilladher is bullish on NMDC has recommended buy rating on the stock with a target price of Rs 125 in its research report dated December 03, 2020.

NMDC Ltd. has an average target of 76.50 from 4 brokers.

Is NMDC Ltd. worth buying?

1565 Votes:

Buy 80.77%

Sell 10.03%

Hold 9.2%

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