Karnataka is an important state for NMDC as it contributes to nearly 35% of the overall mix for the company. Earlier this month, the Karnataka Cabinet approved the Karnataka (Mineral Rights and Mineral Bearing Land) Tax Bill, 2024, to make provisions for levy and collection of tax on exercise of mineral rights and on mineral-bearing land by the State government. The scrip has declined 13.08% in the past six trading sessions from its recent high of Rs 243.95 recorded on 10 December 2024. On the BSE 10.15 lakh shares traded in the counter so far as compared with average daily volumes of 4.94 lakh shares traded in the past two weeks. NMDC is India's single largest iron ore producer, presently producing about 35 million tonnes of iron ore from 3 fully mechanized mines, two located in Chhattisgarh and one in Karnataka. As of September 2024, the Government of India held 60.79% stake in the firm. NMDC reported 18.1% jump in consolidated net profit to Rs 1,211.57 crore on 22.5% increase in net sales to Rs 4,918.91 crore in Q2 FY25 over Q2 FY24.Powered by Capital Market - Live

NMDC has fixed 27 December 2024 as record date to determine the eligibility of shareholders for issuance of bonus shares in ratio of 2:1. Powered by Capital Market - Live

NMDC Ltd is down for a fifth straight session today. The stock is quoting at Rs 229.31, down 1.43% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 1.27% on the day, quoting at 24355.900390625. The Sensex is at 80752.85, down 1.22%.NMDC Ltd has added around 2.96% in last one month.Meanwhile, Nifty Metal index of which NMDC Ltd is a constituent, has increased around 2.74% in last one month and is currently quoting at 9347.75, down 1.12% on the day. The volume in the stock stood at 22.73 lakh shares today, compared to the daily average of 94.36 lakh shares in last one month. The benchmark December futures contract for the stock is quoting at Rs 229.98, down 1.22% on the day. NMDC Ltd jumped 17.26% in last one year as compared to a 13.71% rally in NIFTY and a 18.99% spurt in the Nifty Metal index.The PE of the stock is 10.63 based on TTM earnings ending September 24.Powered by Capital Market - Live

NMDC Ltd gained for a fifth straight session today. The stock is quoting at Rs 235.09, up 1.44% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.67% on the day, quoting at 24437.6. The Sensex is at 80805, up 0.69%. NMDC Ltd has risen around 3.79% in last one month. Meanwhile, Nifty Metal index of which NMDC Ltd is a constituent, has risen around 0.28% in last one month and is currently quoting at 9133.6, up 0.91% on the day. The volume in the stock stood at 36.38 lakh shares today, compared to the daily average of 133.03 lakh shares in last one month. The benchmark December futures contract for the stock is quoting at Rs 236.17, up 1.3% on the day. NMDC Ltd is up 27.73% in last one year as compared to a 18.13% spurt in NIFTY and a 27.97% spurt in the Nifty Metal index.The PE of the stock is 10.59 based on TTM earnings ending September 24.Powered by Capital Market - Live

NMDC announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 12 December 2024 .Powered by Capital Market - Live

NMDC Ltd dropped for a fifth straight session today. The stock is quoting at Rs 221.97, down 1.24% on the day as on 12:59 IST on the NSE. The benchmark NIFTY is down around 0.94% on the day, quoting at 23659.1. The Sensex is at 78018.99, down 0.83%.NMDC Ltd has lost around 6.36% in last one month.Meanwhile, Nifty Metal index of which NMDC Ltd is a constituent, has eased around 10.64% in last one month and is currently quoting at 9078.5, down 2.5% on the day. The volume in the stock stood at 110.5 lakh shares today, compared to the daily average of 125.01 lakh shares in last one month. The benchmark November futures contract for the stock is quoting at Rs 222.09, down 1.27% on the day. NMDC Ltd jumped 30.72% in last one year as compared to a 20.25% rally in NIFTY and a 30.31% spurt in the Nifty Metal index.The PE of the stock is 10.66 based on TTM earnings ending June 24.Powered by Capital Market - Live

Profit before tax (PBT) increased 14.97% YoY to Rs 1614.21 crore in Q2 FY25. Total expenses jumped 25.06% to Rs 3665.47 crore in Q2 FY25 as compared with Rs 2930.95 crore in Q2 FY24. Consumption of raw materials stood at Rs 3.51 crore (down 3.31% YoY), employee benefit expenses stood at Rs 418.84 crore (up 6.63% YoY), royalty and other levies was at Rs 1,750.39 crore (up 16.3% YoY), finance cost stood at Rs 29.09 crore (up 56.4% YoY) during the period under review. Meanwhile, the company's board has approved the bonus issue in the proportion of 2 bonus equity shares for every one equity share held (2:1), as on the record date, subject to approval of shareholders of the company. Further, the board has approved to increase authorized share capital of the company from Rs 400 crore divided into 400,00,00,000 equity shares of Rs 1/- each; to Rs 1,000 crore divided into 1000,00,00,000 equity shares of Rs 1/- each, subject to requisite approvals. NMDC is India's single largest iron ore producer, presently producing about 35 million tonnes of iron ore from 3 fully mechanized mines, two located in Chhattisgarh and one in Karnataka. As of September 2024, the Government of India held 60.79% stake in the firm. The counter declined 3.54% to Rs 224.70 on the BSE.Powered by Capital Market - Live

Net profit of NMDC rose 18.06% to Rs 1211.57 crore in the quarter ended September 2024 as against Rs 1026.24 crore during the previous quarter ended September 2023. Sales rose 22.54% to Rs 4918.91 crore in the quarter ended September 2024 as against Rs 4013.98 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales4918.914013.98 23 OPM %28.1729.66 - PBDT1717.331492.87 15 PBT1614.211404.07 15 NP1211.571026.24 18 Powered by Capital Market - Live

NMDC will hold a meeting of the Board of Directors of the Company on 11 November 2024Powered by Capital Market - Live

The company has scheduled a board meeting on Monday, 11 November 2024, to consider Q2 September 2024 results, and the proposal to issue bonus shares to its shareholders, subject to necessary regulatory approvals. NMDC is India's single largest iron ore producer, presently producing about 35 million tonnes of iron ore from 3 fully mechanized mines, two located in Chhattisgarh and one in Karnataka. As of June 2024, the Government of India held 60.79% stake in the firm. On a consolidated basis, net profit of NMDC rose 19.28% to Rs 1970.77 crore on 0.36% rise in net sales to Rs 5414.19 crore in Q1 June 2024 over Q1 June 2023. Powered by Capital Market - Live