NMDC Share Price: The 14-year ‘exile’ of investors in state-owned company NMDC, the country’s largest producer of iron ore, has come to an end today. The share price of the company has seen an increase of 1.48 percent today. After this surge, the share price in BSE was Rs. has reached the level of 273.10. This is the company’s new 52-week high. The company’s shares were last at this level in 2010. Let us tell you that the total participation of the government in the company is more than 60 percent.
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NMDC stock price is seeing an increase since June 2023. There have been 9 months out of the last 10 months when the company’s share price has seen an increase. Since June 2023, the share price of NMDC has increased by 143 percent. It means that the money of permanent investors has more than doubled.
Still far from the all-time high
2020 shares of NMDC at Rs. were at the level of 47.30. If we talk from then to now, this stock has increased by 471 percent. However, despite all this growth, the company’s shares traded at Rs. 439 is a far cry from the all-time high. In 2010, the shares of the company were at the level of Rs 439.
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Data released by the company on May 2 said iron ore sales rose 2.60 percent. In the month of April, the company has sold a total of 3.43 metric tons of iron ore. At the same time, production declined during this period. A total of 3.48 MT of iron ore has been produced in April 2024. Let us tell you that recently the company has also increased the prices.