{"id":104767,"date":"2023-07-03T12:53:00","date_gmt":"2023-07-03T07:23:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=104767"},"modified":"2023-07-03T12:50:04","modified_gmt":"2023-07-03T07:20:04","slug":"navratna-stock-jumps-nearly-3-after-it-records-highest-ever-production-and-sales-numbers","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/navratna-stock-jumps-nearly-3-after-it-records-highest-ever-production-and-sales-numbers\/","title":{"rendered":"Navratna stock jumps nearly 3% after it records highest ever production and sales numbers\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-581852375\"><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>The shares of NMDC Limited, India\u2019s largest iron ore producer, opened their trading hour at Rs 106 and currently trade at Rs 107.50, surging around 3 percent compared to the previous closing levels of Rs 104.65. It has a market capitalization of Rs 31,400 crores.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-4033203275\"><!-- 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>One of the probable reasons for the company\u2019s stock to move up is pertaining to the recent filing published with the Bombay Stock Exchange (BSE) dated 1st July 2023.&nbsp;<\/p><p>The filing provided business updates wherein the company recorded the highest-ever production of 3.48 Million Tonnes and sales of 4.10 Million Tonnes in the month of June 2023. Moreover, the company also noted the best performance for Q1FY23-24 with production being 10.70 Million Tonnes and sales being 11.15 Million Tonnes.&nbsp;<\/p><p>\u201cNMDC\u2019s contribution to the country\u2019s economy continues to make massive headway in meeting the increase in the demand for iron ore. Our record of highest ever Q1 and June production and sales since inception resonates with our agile and diligent investments in mine planning, expansion and very efficient human assets.\u201d commented Mr. Amitava Mukherjee, CMD of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/NMDC\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">NMDC<\/a><\/strong>.\u00a0<\/p><div class=\"trade-content_5\" id=\"trade-4252984527\"><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>The consolidated financials of the company, in the last couple of quarters, portray an increase as far as the operating revenues and net profits are concerned.&nbsp;<\/p><p>The operating profits moved up from Rs 3,719 crores during Q3FY22-23 to Rs 5,851 crores in Q4FY22-23, and, net profits saw a movement from Rs 903 crores to Rs 2,276 crores during the same period which represents a drastic increase of 152 percent.&nbsp;<\/p><p>NMDC Limited is involved in the business of mining a wide range of minerals some of which include iron ore, magnesite, graphite, etc. \u2018Iron ore\u2019 accounts for a majority of the revenue generated by the company. Seeing the geographic mix, the majority of its revenue comes from the domestic Indian market.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Amit Madnani<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer.png\" alt=\"\" class=\"wp-image-26306\" width=\"256\" height=\"256\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-2562884960\"><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>The shares of NMDC Limited, India\u2019s largest iron ore producer, opened their trading hour at Rs 106 and currently trade at Rs 107.50, surging around 3 percent compared to the previous closing levels of Rs 104.65. It has a market capitalization of Rs 31,400 crores.&nbsp; One of the probable reasons for the company\u2019s stock to [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":28546,"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":[31,1789],"tags":[3674,6602,6503,6502,948,936,9717],"class_list":["post-104767","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-navratna-stock","tag-navratna-stock-to-buy","tag-nmdc-latest-news","tag-nmdc-share-price","tag-stock-market","tag-stock-market-news","tag-why-is-nmdc-going-up"],"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>Navratna stock jumps nearly 3% after it records highest ever production and sales numbers\u00a0 - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"The shares of the company, India\u2019s largest iron ore producer, opened their trading hour at Rs 106 and currently trade at Rs 107.50, surging around 3 percent compared to the previous closing levels of Rs 104.65. 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