The BSE Sensex was down 150.22 points, or 0.78%, to 19106.43.

On BSE, 2200 shares of the scrip were traded. The stock had an average daily volume of 2656 shares on BSE in past one quarter.

The scrip had touched a low of Rs 9333.80 so far during the day. The stock had hit a 52-week high of Rs 16,584.10 on 6 November 2007 and a 52-week low of Rs 1900 on 2 April 2007.

National Mineral Development Corporation (NMDC) had underperformed the market in the one month to 17 December 2007, falling 26.90% as against the Sensex's 2.22% decline. It had, however, outperformed the market in the past three months, soaring 104.69% against the Sensex's 22.93% rise.

The state-run mining firm has an equity capital of Rs 226.68 crore. Face value per share is Rs 10.

At the current price of Rs 10,316.25, the scrip trades at a PE multiple of 53.25, based on Q2 September 2007 annualised EPS of Rs 193.71.

The company net profit rose 22.4% to Rs 640.02 crore on 17.2% rise in sales to Rs 1111.54 crore in Q2 September 2007 over Q2 September 2006.

National Mineral Development Corporation primarily mines iron ore. However, it also dabbles in diamonds and limestone.

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