Jan 30, 2013, 10.47 PM IST | 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,

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 April 16, 2014, NMDC closed at Rs 149.05, down Rs 0.9, or 0.6 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 9.98. 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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