NMDC Ltd spurts 1.57%, rises for third straight session

NMDC Ltd is quoting at Rs 113.4, up 1.57% on the day as on 12:49 IST on the NSE. The stock is up 21.87% in last one year as compared to a 10.7% gain in NIFTY and a 17.62% gain in the Nifty Metal index.

Dec 12, 2019 07:12 IST capital market

NMDC Ltd rose for a third straight session today. The stock is quoting at Rs 113.4, up 1.57% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.3% on the day, quoting at 11946.45. The Sensex is at 40537.71, up 0.31%. NMDC Ltd has added around 12.5% in last one month.

Meanwhile, Nifty Metal index of which NMDC Ltd is a constituent, has added around 0.33% in last one month and is currently quoting at 2509.55, up 2.22% on the day. The volume in the stock stood at 21.65 lakh shares today, compared to the daily average of 48.53 lakh shares in last one month.

The benchmark December futures contract for the stock is quoting at Rs 114, up 1.6% on the day. NMDC Ltd is up 21.87% in last one year as compared to a 10.7% gain in NIFTY and a 17.62% gain in the Nifty Metal index.

The PE of the stock is 6.96 based on TTM earnings ending September 19.

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