Increase in iron ore prices pushes NMDC scrip upward

The shares of NMDC went up by over 2% intraday during Monday’s trading session. The company has increased its iron ore prices by Rs 175 per ton for September, according to a leading news daily. The stock was trading up by 2.57% at Rs 135.75 per share on the BSE at 1012 hours. It opened at Rs 134 per share and touched its intraday high and low at Rs 136.20 and Rs 134 per share, respectively.
 
The stock witnessed a spurt in volume by more than 1.30 times on Monday. It attracted total traded volume of 31,64,176 shares and traded value of Rs 4,283.66 lakhs on the NSE at 1016 hours. Its 52-week high stood at Rs 152.40 per share as on March 2, 2017 and 52-week low was at Rs 100.15 per share as on September 16, 2016. NMDC is an India-based company engaged in mining of iron ore. It is also engaged in the production and sale of diamond, sponge iron and wind power.