{"id":108766,"date":"2023-09-01T15:41:10","date_gmt":"2023-09-01T10:11:10","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=108766"},"modified":"2023-09-01T16:29:05","modified_gmt":"2023-09-01T10:59:05","slug":"navratna-stock-gains-6-after-company-posts-a-massive-increase-in-its-production-and-sale","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/navratna-stock-gains-6-after-company-posts-a-massive-increase-in-its-production-and-sale\/","title":{"rendered":"Navratna stock Gains 6% after company posts a massive increase in its production and sale\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1184505194\"><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 share price of Navratna company gained 6 percent to reach an intraday high of \u20b9 130.50 apiece on the National Stock Exchange (NSE), following its business updates. At 03:12 PM, its shares were trading at \u20b9 130.40 apiece.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-393733218\"><!-- 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>NMDC Ltd. is engaged in the exploration and production of Iron ore along with diamonds, the production and sale of sponge iron and the generation and sale of wind power.&nbsp;<\/p><p>The company informed the exchanges that its production was up 37.5 percent to 3.41 MT in August 2023, against 2.48 MT in August 2022. On a cumulative basis, its production has reached 16.56 MT this year, compared to 13.45 MT in the previous year.&nbsp;<\/p><p>NMDC\u2019s sales came in at 3.54 MT in August 2023, up 25.09 percent as compared to 2.83 MT in August 2022. On a cumulative basis, its sales have reached 17.43 MT this year, compared to 13.44 MT in the previous year.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-1585725486\"><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>With a market capitalization of \u20b9 36,002 crores, NMDC is a mid-cap company. It has a high return on equity of 27.96 percent and an ideal debt-to-equity ratio of 0.02. Its shares were trading at a price-to-earnings ratio (P\/E) of 6.20, which is lower than the industry P\/E of 6.85, indicating that the stock might be undervalued compared to its peers.&nbsp;<\/p><p>The company\u2019s promoters hold a 60.79 percent stake in it, followed by retail investors with 14.42 percent, domestic institutions with 11.10 percent, foreign institutions with 6.99 percent and mutual funds with 6.70 percent.&nbsp;<\/p><p><strong>Written by Simran Bafna\u00a0<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-4052859608\"><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 share price of Navratna company gained 6 percent to reach an intraday high of \u20b9 130.50 apiece on the National Stock Exchange (NSE), following its business updates. At 03:12 PM, its shares were trading at \u20b9 130.40 apiece.&nbsp; NMDC Ltd. is engaged in the exploration and production of Iron ore along with diamonds, the [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":82840,"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-108766","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>Navratna stock Gains 6% after company posts a massive increase in its production and sale\u00a0 - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"The share price of Navratna company gained 6 percent to reach an intraday high of \u20b9 130.50 apiece on the National Stock Exchange (NSE), following its business updates. 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