Govt to approve NMDC's 50% stake buy in Legacy Iron Ore

Written By Unknown on Rabu, 21 November 2012 | 12.44

Government will approve NMDC 's 50 percent stake buy in Legacy Iron Ore, reports PTI.

Legacy iron ore is an Australian-based company.

At 09:22 hrs NMDC was quoting at Rs 168.85, up Rs 1.55, or 0.93%. It has touched an intraday high of Rs 170 and an intraday low of Rs 168.
 
It was trading with volumes of 4,329 shares. In the previous trading session, the share closed down 1.62% or Rs 2.75 at Rs 167.30.

Also read - NMDC disinvestment likely by mid-Dec, to garner Rs 7,500 cr
 
The share touched its 52-week high Rs 206.35 and 52-week low Rs 136.15 on 16 February, 2012 and 20 December, 2011, respectively. Currently, it is trading 18.17% below its 52-week high and 24.02% above its 52-week low. Market capitalisation stands at Rs 66,944.23 crore.

The company's trailing 12-month (TTM) EPS was at Rs 18.33 per share. (Sep, 2012). The stock's price-to-earnings (P/E) ratio was 9.21. The latest book value of the company is Rs 61.56 per share. At current value, the price-to-book value of the company was 2.74. The dividend yield of the company was 2.67%.



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