NMDC rises on price hikes

about 18 days ago
No Image

NMDC, on Saturday, hiked prices of iron ore once again.

This time, for its September supplies, prices were hiked by Rs.300/tonne. After the price hike, iron ore lumps will be sold at Rs.3,250/tonne and fines at Rs.2,960/tonne.

The company had hiked prices first on 31st July by Rs.200/tonne and then once again on 12th August by another Rs.300/tonne.

Since July, the company has taken a total price hike of Rs.800/tonne on its iron ore lumps and fines.

The stock has gained today after two days of consecutive fall. The stock hit an intraday high at Rs.96.60, rising over 3%. Its 10% UC of the day is at Rs.103.10.

Popular Comments

No comment posted for this article.