NMDC shares uplifted by 1 percent as production rises 17 percent in November
NMDC shares uplifted by 1 percent as production rises 17 percent in November
New Delhi: The Shares of state-run mining giant NMDC Ltd. were trading with gains of as much as 1% in Monday 's session after the iron ore miner released its provisional numbers for production and sales for the month of November. Production during November 2024 increased 17% to 4.51 million tonnes, compared to 3.84 million tonnes in November 2023. Sales were also up 5.5% at 4 million tonnes as against 3.79 million tonnes last year.
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Meanwhile, the total cumulative production for the current financial year till the month of November fell from 27.31 million tonnes to 26.06 million tonnes.
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The board of NMDC has already issued two free shares for every one share held by its shareholders as on the record date.
Shares of NMDC are currently trading 0.29% higher on Monday at Rs 230.74. The stock has corrected 19% from its recent peak of Rs 286.35.
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