Dec 11, 2012, 12.59 PM IST | Source: Reuters

NMDC falls after talks of auction price at a discount

Shares in state-run miner NMDC fell 1.8 percent in early trade after sources said the government may on Tuesday announce a floor price for the NMDC issue in a range of Rs 145 to Rs 150 a share.

NMDC falls after talks of auction price at a discount

Shares in state-run miner NMDC fell 1.8 percent in early trade after sources said the government may on Tuesday announce a floor price for the NMDC issue in a range of Rs 145 to Rs 150 a share.

Dealers say in the short term, the stock may fall, chasing the likely price band which is below Monday's close of Rs 154.75.

India has set a share sale in state miner NMDC for Wednesday, the company said, in a deal which sources said could add up to USD 1.1 billion to government efforts to ease its yawning budget deficit.

NMDC stock price

On April 17, 2014, NMDC closed at Rs 148.90, down Rs 0.15, or 0.1 percent. The 52-week high of the share was Rs 153.65 and the 52-week low was Rs 92.65.


The company's trailing 12-month (TTM) EPS was at Rs 14.94 per share as per the quarter ended December 2013. The stock's price-to-earnings (P/E) ratio was 9.97. The latest book value of the company is Rs 69.39 per share. At current value, the price-to-book value of the company is 2.15.

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