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<ul> 
 <li>Shares of NMDC, India’s largest iron ore producer, have surged by 1% to reach a 14-year peak of ₹271.70 per share.</li> 
 <li>The stocks have been on an upward trend since June 2023, accumulating a gain of 143% and currently trading 471% higher from their 2020 low point.</li> 
 <li>Despite this rally, the stock still has a long way to reach its all-time high of ₹439 per share, achieved in January 2010.</li> 
</ul> 
<p><strong>NMDC shares hit a 14-year peak, trading 471% higher from their 2020 low point. The stock continues to surge, backed by the company’s robust performance and positive market outlook.</strong></p> 
<h2 id="strong-nmdc-shares-continue-upward-trend-strong"><strong>NMDC Shares Continue Upward Trend</strong></h2> 
<p>Shares of NMDC have been on a steady rise since June 2023, closing nine out of ten subsequent months in positive territory. From their low point of ₹47.30 per share in 2020, the shares are currently trading 471% higher. Despite this significant rally, the stock still has a long way to go to reach its all-time high of ₹439 per share, achieved in January 2010.</p> 
<h3 id="strong-company-performance-and-market-outlook-strong"><strong>Company Performance and Market Outlook</strong></h3> 
<p>In its business update for April, released on May 2, NMDC reported a slight 2.60% growth in iron ore sales, reaching 3.43 million metric tons (MT), while production declined year-on-year to 3.48 MT in April 2024 from 3.51 MT in April 2023. On April 29, the public sector mining major raised iron ore prices by ₹400 per tonne for lump ore and by ₹200 for fines. With the latest revision, lump ore prices have surged by 59% over t... <a href="https://en.coinotag.com/nmdc-coin-nmdc-soars-to-14-year-high-following-impressive-april-business-update/">Read the full article for FREE at COINOTAG!</a></p>

NMDC Coin (NMDC) Soars to 14-Year High Following Impressive April Business Update

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