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NMDC Ltd up for fifth session


NMDC Ltd is quoting at Rs 139.6, up 0.83% on the day as on 12:49 IST on the NSE. The stock is up 76.93% in last one year as compared to a 65.79% spurt in NIFTY and a 155.38% spurt in the Nifty Metal.
NMDC Ltd is up for a fifth straight session in a row. The stock is quoting at Rs 139.6, up 0.83% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 1.95% on the day, quoting at 14576.8. The Sensex is at 48978.78, down 2.1%. NMDC Ltd has risen around 0.98% in last one month.
Meanwhile, Nifty Metal index of which NMDC Ltd is a constituent, has risen around 7.17% in last one month and is currently quoting at 4189.15, down 0.2% on the day. The volume in the stock stood at 122.25 lakh shares today, compared to the daily average of 127.27 lakh shares in last one month. ....

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NMDC rises after decent production, offtake in March


Shares of NMDC rose 0.61% to Rs 139.25 after the state-owned miner s iron ore sales climbed 51.11% to 4.08 million tonnes (MT) in March 2021 from 2.70 MT in March 2020.NMDC s iron ore production jumped 65.57% to 4.57 million tonnes (MT) in March 2021 from 2.76 MT in March 2020.
Sequentially, NMDC s production rose 18.39% while sales rose 25.54% in March 2021 over February 2021.
Meanwhile, the PSU mining company on Saturday announced an increase in lump ore prices by Rs 500, or 9.35%, to Rs 5,850 per tonne on 3 April 2021 from Rs 5,350 per tonne set on 21 March 2021.
Prices of fines were hiked by Rs 250, or 5.8%, to Rs 4560 per tonne on 3 April 2021 from Rs 4,310 per tonne set on 21 March 2021. ....

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