{"id":104411,"date":"2023-06-22T16:56:50","date_gmt":"2023-06-22T11:26:50","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=104411"},"modified":"2023-06-22T17:41:14","modified_gmt":"2023-06-22T12:11:14","slug":"psu-stock-in-red-after-lic-trims-its-stake-twice-in-3-months-check-the-details","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/psu-stock-in-red-after-lic-trims-its-stake-twice-in-3-months-check-the-details\/","title":{"rendered":"PSU stock in red after LIC trims its stake twice in 3 months; Check the details\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3944546728\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>With a market capitalization of Rs crores, the shares of NMDC Limited fell around 1 percent and closed at a price of Rs 105.75. In the last five trading sessions, the stock witnessed a down movement of around 2.30 percent ranging from Rs 108.25 to the current levels prevailing in the markets.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-850955237\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>The iron ore company, through a regulatory filing with the exchange, informed about the Life Insurance Corporation of India (LIC) reducing their stake from 11.690 percent to 9.620 percent representing a trim of 2.07 percent.&nbsp;<\/p><p>The insurance company sold around six crore shares reducing its holdings from 34,25,97,574 to 28,19,33,850 equity shares. This is the second time, in the recent period, that the company divested its stake, last done was in the month of March 2023 which was, in congruence, of a 2 percent stake in the company.&nbsp;<\/p><p>A glance at the QoQ financials reported brings to notice that the operating revenues as well as net profits of the company have improved in the recent period with the former increasing from Rs 3,719 crores during Q3FY22-23 to Rs 5,851 crores in Q4FY22-23 and the latter, during the same time horizon, took a shift from Rs 903 crores to Rs 2,276 crores.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-188405761\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>On a YoY basis, the numbers have seen a downfall, but, despite the same, the company has been able to withstand the profitability ratios with a marginal fall in numbers. The return on equity (ROE) moved from 26.80 percent during FY21-22 to 24.74 percent in FY22-23.&nbsp;<\/p><p>NMDC Limited is involved in the business of mining of a wide range of minerals such as iron ore, sponge iron, copper, graphite, etc. The company generates a majority of its revenues from domestic operations within India. The Indian Government is a major shareholder of the company.&nbsp;<\/p><p><strong>Written by Amit Madnani<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-4047300363\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>With a market capitalization of Rs crores, the shares of NMDC Limited fell around 1 percent and closed at a price of Rs 105.75. In the last five trading sessions, the stock witnessed a down movement of around 2.30 percent ranging from Rs 108.25 to the current levels prevailing in the markets.&nbsp; The iron ore [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":15408,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[4865,31],"tags":[],"class_list":["post-104411","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>PSU stock in red after LIC trims its stake twice in 3 months; Check the details\u00a0 - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"With a market capitalization of Rs crores, the shares of NMDC Limited fell around 1 percent and closed at a price of Rs 105.75. In the last five trading sessions, the stock witnessed a down movement of around 2.30 percent ranging from Rs 108.25 to the current levels prevailing in the markets.\u00a0\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/psu-stock-in-red-after-lic-trims-its-stake-twice-in-3-months-check-the-details\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PSU stock in red after LIC trims its stake twice in 3 months; Check the details\u00a0\" \/>\n<meta property=\"og:description\" content=\"With a market capitalization of Rs crores, the shares of NMDC Limited fell around 1 percent and closed at a price of Rs 105.75. 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