National Mineral Development Corporation (NMDC) gained on Thursday after the company's offer for selling 396.5 million shares was over-subscribed on Wednesday, ensuring nearly Rs 60 billion for the exchequer.
Indian government's stake sale offer for NMDC got subscribed 1.73 times on Wednesday. The government raised nearly Rs 59.10 billion by selling 10% stake or 396 million shares at indicative weighted average price of Rs 149.15 a share.
The government had set the floor price for the offer at Rs 147 a piece. NMDC's shares settled at Rs 154.25, 3.17% down over the previous closing. The total volume of the company's shares traded at the BSE is 2,274,270.
Shares of the company are trading at Rs 157.10, up Rs 2.85, or 1.85% at the Bombay Stock Exchange (BSE) on Thursday at 10:51 a.m.
The scrip has touched an intra-day high of Rs 159.30 and low of Rs 154.10. In the earlier session, the shares declined 3.17%, or Rs 5.05, at Rs 154.25.
Currently, the stock is trading down 23.87% from its 52-week high of Rs 206.35 and above 15.39% over the 52-week low of Rs 136.15.
| Share Price Movement |
| Period |
Price
in Rs |
Gain/(Loss) |
| in Rs |
in % |
| 1 Week |
163.80 |
(9.55) |
(5.83) |
| 1 Month |
177.40 |
(23.15) |
(13.05) |
| 3 Months |
190.90 |
(36.65) |
(19.20) |
| 6 Months |
167.80 |
(13.55) |
(8.08) |
| 1 Year |
165.55 |
(11.30) |
(6.83) |
| Note: Based on previous day closing price. |
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