KIOCL and NMDC Shares Jump; Government May Considers Merger Proposal

KIOCL and NMDC share prices saw an uptick in early trade on January 07, 2024, following reports that the Government of India is considering a merger between the two mining companies. According to a Reuters report, the merger would see NMDC planning to export iron ore pellets after combining operations with KIOCL.

KIOCL, previously known as Kudremukh Iron Ore Company, operates a high-grade pelletisation plant and a blast furnace in Mangaluru. The company is a flagship under the Ministry of Steel, with over four decades of experience in iron ore mining, beneficiation, and pelletisation in India.

Share Performance of NMDC and KIOCL

On January 07, 2025, NMDC share price traded 0.59% higher at ₹65.50 at 12:05 PM (IST), while the BSE benchmark Sensex jumped 253.70 points to 78,218.69. NMDC share price reached a 52-week high of ₹95.35 on May 21, 2024, and a 52-week low of ₹63.39 on March 15, 2024. As per BSE, the total traded volume for the stock stood at 7.48 lakh shares with a turnover of ₹4.86 crore.

At the current price, Zomato shares are trading at a price-to-earnings (P/E) ratio of 3.09x, based on its trailing 12-month earnings per share (EPS) of ₹21.18, and a price-to-book (P/B) ratio of 0.68, according to exchange data.

The KIOCL share price traded 2.41% lower at ₹418.30 at 12:05 PM (IST), while the BSE benchmark Sensex rose by 253.70 points to 78,218.69. The stock reached a 52-week high of ₹576.55 on February 20, 2024, and a 52-week low of ₹307.95 on November 4, 2024.

According to BSE data, the total traded volume for KIOCL stood at 46,000 shares with a turnover of ₹1.96 crore. At the current price, KIOCL shares are trading at a price-to-earnings (P/E) ratio of -204.93, based on its trailing 12-month earnings per share (EPS) of -₹2.04, and a price-to-book (P/B) ratio of 14.14.

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