NMDC Share Price Update: December 27, 2024
As of December 27, 2024, NMDC Limited’s share price stands at ₹214.45 on the National Stock Exchange (NSE).
Recent Performance:
- 1-Month Performance: The share price has declined by approximately 5.08% over the past month.
- 6-Month Performance: Over the last six months, the stock has decreased by about 18.77%.
Market Capitalization:
NMDC’s current market capitalization is approximately ₹61,815 crore.
Dividend Information:
The company has a dividend yield of 3.41%, with the last dividend paid on February 27, 2024, amounting to ₹5.75 per share.
Recent Developments:
In October 2024, NMDC implemented its second price hike for Lump Ore and Fines, elevating prices to their highest levels in recent times.
Analyst Insights:
Analysts have set a median target price of ₹248.76 for NMDC over the next 12 months, with estimates ranging from a high of ₹325.00 to a low of ₹180.00.
Investor Considerations:
Potential investors should note that while NMDC has a strong dividend history, recent stock performance has shown a downward trend. It’s advisable to monitor market conditions and company developments closely.
Bonus Issue Details:
NMDC has announced a 2:1 bonus share issue, meaning shareholders will receive two additional shares for every share held.
- Record Date: December 27, 2024.
- Ex-Bonus Date: December 27, 2024.
- Allotment Date: December 30, 2024.
- Trading of Bonus Shares Begins: December 31, 2024.
This is NMDC’s first bonus issue in 16 years, with the last being in 2008.
Disclaimer: This information is for educational purposes only and should not be construed as financial advice. Please consult with a financial advisor before making investment decisions.