Shares of NMDC Steel Limited on Monday got listed on the stock exchanges -- BSE and NSE. The equity shares of the company was also listed on the Calcutta Stock Exchange, NMDC Steel said in a regulatory filing. "The equity shares of NMDC Steel commenced listing and trading today at BSE and NSE," it said. The stock got listed at Rs 30.25 apiece on the BSE. It settled 4.96 per cent higher at Rs 31.75 per share. On the NSE, the company shares debut at Rs 30.25 and closed 4.95 per cent higher. The company's market valuation stood at Rs 9,304.67 crore on the BSE. NMDC Steel is a newly formed entity post its demerger from mining giant NMDC Limited.
NMDC shareholders will be eligible to get one share of NMDC Steel for every equity share held.
NMDC shares drop 5.3%; ONGC, Coal India and Bharat Electronics likely to see inflows of $31-46 million on account of the rebalancing
The Nifty Metal index can clock a new high, if it manages to cross and sustain above the 6,000-mark.
Most analysts have a hold rating on the stock of India's largest iron ore mining company
A total of 219.5 mn shares were put on the block by govt;OFS) has garnered bids for 220.45 mn shares from institutional investors--1.15 times the shares on offer to them
Will sell its 4% stake, or 117.2 million shares, at a floor price of Rs 165 each, a near 6% discount to Monday's closing price
The revenue from operations rose 44.8 per cent to Rs 4,355.10 crore in the December quarter
Rally fuelled by global rise in iron prices; stock trading at P/E multiple of 13x
Steel plant demerger, improved return ratios for mining business, high dividend yield key positives
While domestic outlook was seen improving post recent iron ore price hikes and rising steel output, coronavirus could curb gains
The shares extended gains to as much as 2.9 per cent at Rs 124 in Mumbai, the biggest intraday jump in more than two weeks