India's NMDC Steel hits record high intraday pct gain on quarterly profit

NMDC Steel

13/08/2025 06:22

** Shares of NMDC Steel NMDS.NS surges 18% to 42 rupees, highest since June 11

    ** Stock marks record-high intraday percentage gain

** Iron mines operator reports profit of 255.6 mln rupees  ($2.92 mln) in June-qtr, compared to a loss of 5.47 bln rupees a year ago

** Revenue from operation rises 66% Y/Y

** Trading volume 28.1x the 30-day avg; busiest day since April 24 2024

** Stock down 1.8% YTD

($1 = 87.6650 Indian rupees)

 (Reporting by Rudra Pratap Singh in Bengaluru)

 ((rudrapratap.singh@thomsonreuters.com))