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.
Shares in state-run miner NMDC
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
NMDC stock price
On August 22, 2014, NMDC closed at Rs 169.10, down Rs 1.8, or 1.05 percent. The 52-week high of the share was Rs 196.15 and the 52-week low was Rs 111.00.
The company's trailing 12-month (TTM) EPS was at Rs 17.06 per share as per the quarter ended June 2014. The stock's price-to-earnings (P/E) ratio was 9.91. The latest book value of the company is Rs 85.58 per share. At current value, the price-to-book value of the company is 1.98.
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