NMDC not eyeing stake in PSUs

NMDC has denied reports of buying stakes in other PSU. Earlier various media reports had suggested that NMDC will buy stake in Oil India,
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Jan 30, 2013, 10.47 PM | Source: CNBC-TV18

NMDC not eyeing stake in PSUs

NMDC has denied reports of buying stakes in other PSU. Earlier various media reports had suggested that NMDC will buy stake in Oil India,

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NMDC not eyeing stake in PSUs

NMDC has denied reports of buying stakes in other PSU. Earlier various media reports had suggested that NMDC will buy stake in Oil India,

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NMDC has denied reports of buying stakes in other PSU. Earlier various media reports had suggested that NMDC will buy stake in Oil India , NTPC & MMTC . NMDC sources tell CNBC-TV18 that the usage of cash in books is the sole discretion of the board and the plans to buy into other public-sector units have been shelved.

NMDC stock price

On May 27, 2016, NMDC closed at Rs 92.50, up Rs 1.10, or 1.20 percent. The 52-week high of the share was Rs 133.00 and the 52-week low was Rs 75.20.


The company's trailing 12-month (TTM) EPS was at Rs 9.64 per share as per the quarter ended March 2016. The stock's price-to-earnings (P/E) ratio was 9.6. 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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