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 July 28, 2014, NMDC closed at Rs 172.80, down Rs 3.15, or 1.79 percent. The 52-week high of the share was Rs 196.15 and the 52-week low was Rs 92.65.
The company's trailing 12-month (TTM) EPS was at Rs 16.19 per share as per the quarter ended March 2014. The stock's price-to-earnings (P/E) ratio was 10.67. 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 2.02.
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