NMDC Ltd extends gains

NMDC Ltd is quoting at Rs 114.75, up 0.44% on the day as on 12:44 IST on the NSE. The stock is up 20.73% in last one year as compared to a 10.92% spurt in NIFTY and a 17.8% spurt in the Nifty Metal.

Dec 16, 2019 07:12 IST capital market

NMDC Ltd gained for a fifth straight session today. The stock is quoting at Rs 114.75, up 0.44% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is down around 0.08% on the day, quoting at 12077.15. The Sensex is at 41011.16, up 0%. NMDC Ltd has risen around 14.46% in last one month.

Meanwhile, Nifty Metal index of which NMDC Ltd is a constituent, has risen around 2.77% in last one month and is currently quoting at 2626.75, down 0.64% on the day. The volume in the stock stood at 51.52 lakh shares today, compared to the daily average of 47.01 lakh shares in last one month.

The benchmark December futures contract for the stock is quoting at Rs 115.2, up 0.35% on the day. NMDC Ltd is up 20.73% in last one year as compared to a 10.92% spurt in NIFTY and a 17.8% spurt in the Nifty Metal index.

The PE of the stock is 7.11 based on TTM earnings ending September 19.

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