Shares of NMDC Ltd are edging higher in the recent trading session with an increase of 1.65% at Rs 72.11 and the stock opened today at Rs 72.00 at BSE. The stock has been corrected over by 4.39% in the last one-month.
According to the exchange filing, the Board of Directors of the Company in its 579th Meeting held on 12th August 2025 inter-alia approved proposal of Incorporation of a Wholly-Owned Subsidiary (WOS) of NMDC Limited in International Financial Service Centre (IFSC), Gujarat (WOS) of NMDC Limited in International Financial Service Centre (IFSC), Gujarat International Finance Tec-City ("GIFT"), Gandhinagar, Gujarat, subject to approval of Ministry of Steel, DIPAM and any other authority as may be required.
The Iron-mining PSU stock has been trading higher by 14.34% from the past six-months. The market capitalization of the company is Rs 63.40K crore with P/E ratio at 9.69. Meanwhile, the dividend yield is at 4.58%. The 52-week high is at Rs 82.83.
The average share price target of 76.50 and consensus of analysts estimates an upside of 7.84% from the last price of 70.94 as per the recent trade.