NMDC Ltd gains for third consecutive session

NMDC Ltd gained for a third straight session today. The stock is quoting at Rs 81.82, up 2.02% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.5% on the day, quoting at 23446.5. The Sensex is at 74922.01, up 0.53%. NMDC Ltd has slipped around 4.75% in last one month.

Meanwhile, Nifty Metal index of which NMDC Ltd is a constituent, has slipped around 1.26% in last one month and is currently quoting at 12990.35, up 1.72% on the day. The volume in the stock stood at 85.72 lakh shares today, compared to the daily average of 140.49 lakh shares in last one month.

The benchmark September futures contract for the stock is quoting at Rs 81.81, up 2.07% on the day. NMDC Ltd is up 5.98% in last one year as compared to a 6.43% drop in NIFTY and a 31.34% drop in the Nifty Metal index.

The PE of the stock is 9.42 based on TTM earnings ending June 26.