SJVN Ltd, YES Bank, NMDC Ltd, Indian Railway Finance Corporation Ltd (IRFC) and NHPC jumped and were among most active stocks on NSE in terms of volumes.
Shares of GMDC surged more than 11 per cent to Rs 502.15 on Tuesday, hitting its new 52-week high, commanding a total market capitalization close to Rs 16,000 crore.
The stock rose from Rs 126 on January 2nd, 2023 to Rs 191 recorded on December 13, 2023 which translates into an upside of over 51% so far in 2023. Tracking the momentum, the stock hit a record high of Rs 192 on 13th December 2023. It rose by about 9% in a month and over 30% in the last 3 months.
On November 23, the company said it has fixed lump ore prices at Rs 5,400 per tonne, from Rs 5,200 per tonne in October. Similarly, it raised prices of fines to Rs 4.660 per tonne from Rs 4,460 per tonne in October
NMDC share price: The stock rose 2.46 per cent to hit a day high of Rs 173 over its previous close of Rs 168.85. The scrip has gained more than 62 per cent in the last six months. Brokerage Nuvama Institutional Equities has maintained its 'Buy' call on the counter, suggesting a target price of Rs 195 in a year.