The state-controlled mineral producer, last week, slashed the lump prices of iron ore lumps by Rs 200 per tonne for the month of May, in order to boost sales as the company has been suffering from a continuous weak demand.
National Mining Development Corp ( NMDC ) expects the iron ore prices to remain stable going forward, says CMD of the company Narendra Kothari.
The state-controlled mineral producer, last week, slashed the lump prices of iron ore lumps by Rs 200 per tonne for the month of May, in order to boost sales as the company has been suffering from a continuous weak demand.
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NMDC stock price
On May 12, 2014, at 14:13 hrs NMDC was quoting at Rs 152.60, up Rs 2.85, or 1.90 percent. The 52-week high of the share was Rs 155.50 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 10.21. 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 2.20.
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