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VERIFIEDET Markets·negative
NMDC shares decline 4% after Q1 results. Should you buy, sell or hold the stock?
AI Summary
- ·NMDC shares declined 4% following the announcement of Q1 results.
- ·The company reported a 2% year-on-year rise in Q1FY27 profit to Rs 2,007 crore and a 2% increase in revenue to Rs 6,795 crore.
- ·Iron ore production saw a 26% jump to 151.17 lakh tonnes, though sales increased by only 2% to 117.30 lakh tonnes.