Sep 07, 2012, 09.42 AM | Source: Moneycontrol.com
NMDC is in Joint Venture with Jharkhand State Mineral Development Corp (JSMDC) to form mining company. NMDC to hold 60% in JV, reports CNBC-TV18.
JV Company named JNMDC (Jharkhand National Mineral Development Corporation).
NMDC touched an intraday high of Rs 186.50 and an intraday low of Rs 185. At 09:35 hrs the share was quoting at Rs 185.95, up Rs 2.80, or 1.53%.
It was trading with volumes of 5,763 shares. In the previous trading session, the share closed up 0.22% or Rs 0.40 at Rs 183.15.
The share touched its 52-week high Rs 259.00 and 52-week low Rs 136.15 on 21 Sep, 2011 and 20 Dec, 2011, respectively. Currently, it is trading -28.2% below its 52-week high and 36.58% above its 52-week low. Market capitalisation stands at Rs 73,723.89 crore.