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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.
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.