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
NMDC stock price
On November 27, 2015, NMDC closed at Rs 92.55, up Rs 1.05, or 1.15 percent. The 52-week high of the share was Rs 148.95 and the 52-week low was Rs 90.10.
The company's trailing 12-month (TTM) EPS was at Rs 12.01 per share as per the quarter ended September 2015. The stock's price-to-earnings (P/E) ratio was 7.71. The latest book value of the company is Rs 81.55 per share. At current value, the price-to-book value of the company is 1.13.
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Dont see mkt going anywhere now; like Bharat Forge: Dipen