NMDC has denied reports of buying stakes in other PSU. Earlier various media reports had suggested that NMDC will buy stake in Oil India,
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 November 27, 2014, at 10:56 hrs NMDC was quoting at Rs 140.30, down Rs 0.6, or 0.43 percent. The 52-week high of the share was Rs 196.15 and the 52-week low was Rs 123.10.
The company's trailing 12-month (TTM) EPS was at Rs 17.68 per share as per the quarter ended September 2014. The stock's price-to-earnings (P/E) ratio was 7.94. The latest book value of the company is Rs 75.64 per share. At current value, the price-to-book value of the company is 1.85.
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