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NMDC shares rise after four sessions as Motilal Oswal revises target price

NMDC shares gained 3.67% to Rs 115.60 against the previous close of Rs 111.50 on BSE. NMDC stock has gained after 4 days of consecutive fall ....

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NMDC share price falls 6% as firm cuts iron ore price amid weak sales

Shares of NMDC fell over 6 per cent today after the government-owned miner cut prices of iron ore amid a weak demand environment. Kotak Institutional Equities assigning a 'reduce' call to the stock also affected investor sentiment. NMDC stock slipped 6.65 per cent to an intraday low of Rs 101.75 on BSE. Shares of NMDC are trading lower than 5-day, 20-day, 50-day, 100-day and 200-day moving averages. Later, the stock ended 5.28 per cent lower at Rs 103.25 on BSE. The stock has lost 37.62 per cent in a year and fallen 22.50 per cent in 2022. Total 18.08 lakh shares changed hands amounting to a turnover of Rs 18.71 crore on BSE.

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