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NMDC bucks trend on bargain hunting
NMDC rose 1.50% at Rs 168.80 at 14:42 IST on BSE on bargain hunting after the stock slipped 5.46% in the preceding two sessions to Rs 166.30 on 22 May 2012 from a recent high of Rs 175.90 on 18 May 2012.
Meanwhile, the BSE Sensex was down 87.87 points, or 0.55%, to 15,938.54.
On BSE, 55,000 shares were traded in the counter as against an average daily volume of 99,274 shares in the past one quarter.
The stock hit a high of Rs 172.30 and a low of Rs 166.15 so far during the day. The stock had hit a 52-week high of Rs 279.30 on 8 June 2011. The stock had hit a 52-week low of Rs 136.15 on 20 December 2011.
The large-cap company has an equity capital of Rs 396.47 crore. Face value per share is Re 1.
NMDC's net profit rose 22.4% to Rs 1858.81 crore on 14.79% growth in total income to Rs 3347.34 crore in Q3 December 2011 over Q3 December 2010. NMDC will announce its year ended March 2012 results on 28 May 2012.
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