Orissa Minerals Development Company Ltd

NSE
ORISSAMINE •
BUY

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Start SIP in Orissa Minerals Development Company Ltd
Stock Performance
52 Week Low - High
Today’s Low - High

Open

Prev. Close

Total Traded Value

View details of Market Depth
Fundamental

Market Cap (in crs)

Face Value

Turnover (in lacs)

Key Metrics
Qtr Change %
193.46% Gain from 52W Low
-4
TTM PE Ratio
Negative PE TTM
-383.1
Price to Book Ratio
Negative Price to Book
-315.6
Dividend yield 1yr %
0
TTM PEG Ratio
PEG TTM is negative
-6.5
RSI
RSI is mid-range
44.7
MFI
MFI is mid-range
52.5

Orissa Minerals Development Company Ltd shareholding Pattern

Promoter
50%
Foreign Institutions
1.2%
Mutual Funds
2.9%
Domestic Institutions
10.9%
Public
37.8%

Orissa Minerals Development Company Ltd Technical Analysis

Moving Averages Analysis
Moving Averages Analysis
Current Price
Bullish Moving Averages
4
Bearish Moving Averages
12
5Day EMA
6,770.60
10Day EMA
6,808.50
12Day EMA
6,822.20
20Day EMA
6,867.40
26Day EMA
6,893.00
50Day EMA
6,899.00
100Day EMA
6,544.60
200Day EMA
5,672.90
Delivery & Volume
Resistance & Support
6,767.00
Pivot
Resistance
First Resistance
6,833
Second Resistance
6,931
Third Resistance
6,997
Support
First Support
6,669
Second support
6,603
Third Support
6,505
Relative Strength Index
44.69
Money Flow Index
52.51
MACD
-70.80
MACD Signal
-58.20
Average True Range
262.40
Average Directional Index
16.22
Rate of Change (21)
1.38
Rate of Change (125)
45.21

Orissa Minerals Development Company Ltd Company background

Founded in: 1918
Managing director: Deb Kalyan Mohanty
Orissa Minerals Development Company Ltd (OMDC) is one of the oldest iron ore mining companies in India. The company is engages in mining and producing iron ore and manganese ore. They also produce sponge iron. Their mines are located around Barbil in Keonjhar district of Orissa. The company is a subsidiary of Eastern Investments Ltd.Apart from mining and marketing of iron ore, the company is engaged in the field of mining and marketing of manganese ore. The company has six mining leases in the Keonjhar district of Orissa. The company has a joint venture in the name and style of East India Minerals Ltd (EIML) with stake of 26%. Orissa Minerals Development Company Ltd was incorporated in the year 1918. Initially, the company was under the Bird Group of companies. The Bird Group of Companies was nationalized by the Government of India. Consequent upon such nationalization of the Undertaking, the shares held by the said company in twenty one companies were transferred in the name of the President of India. After the company came under the Ministry of Steel, Government of India, the Government extended financial support to the company in the Development of Mines, Clearing outstanding dues, Creating facilities for sizing iron ore and Replacement of old/ worn out equipment and providing new equipment. In the year 1992, the company set up a joint venture company, namely East India Minerals Ltd for production of sponge grade iron ore. From September 1999, they started commercial production.During the financial years 199495, 199596 and 199697 the company was able to achieve marginal profits. Consequent to recession in Iron and Steel Industry the position deteriorated from 199798 since the demand of its products declined sharply. With the recessionary trend in the steel industry having been over since 2003 onwards, the companys position improved and they had started making significant amount of profit after tax. In June 2004, as a part of diversification, the company set up a 100 TPD Sponge Iron Plant and the plant started making commercial production. They entered into the venture of direct export of iron ore fines from the year 200506. During the year 200910, the restructuring scheme for the Bird Group of Companies as approved by the Ministry of Steel Government of India and also the Union Cabinet was implemented with effect from March 19, 2010. Thus, the group has transformed from a government managed company to a government company.As per the scheme Eastern Investments Ltd, another company under the group, in pursuit of making OMDC as their subsidiary in due compliance of the terms of the approved scheme acquired requisite number of shares of OMDC, major from the President of India on share swap basis and balance from LICI on direct payment basis. As of March 19, 2010, Eastern Investments Ltd held 50.01% interest in the company. Thus, OMDC became a subsidiary company of Eastern Investments Ltd.As Eastern Investments Ltd was converted to a government company consequent to their preferential allotment of equivalent number of shares in the name of the President of India, OMDC as subsidiary of Eastern Investments Ltd also attained the status of a government company.As of March 31, 2010, the companys mining lease area aggregates to 4365.262 hectares covering six mining leases in Barbil, district Keonjhar inclusive of three leasehold areas totaling 2068.272 hectares in the name of Bharat Process Mechanical Engineers Ltd (BPMEL). The equity shares of the company were listed on the National Stock Exchange Ltd with effect from September 29, 2010.The company plans to install 2 MTPA Pelletizing Plant with 2 million tonne iron ore beneficiation facilities at Thakurani, Orissa. Also, they are in the process of expanding their existing 30000 TPA Sponge Iron Plant at Thakurani, Orissa. The company is exploring opportunities to go for exploitation of Iron ore and other minerals like coal, Manganese, Diamond, gold etc, for which the company is looking forward for leases/ buy properties from foreign countries directly/ under Special Purpose Vehicle/ Joint Ventures etc. The company also consider about exploring the opportunities of acquiring mining leases in other minerals in the state or other states within the country or outside the country.
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Orissa Minerals Development Company Ltd FAQs

Orissa Minerals Development Company Ltd shares are currently priced at 6735 on NSE and 6758.7 on BSE as of 2/22/2024 12:00:00 AM. Please be aware that stock prices are subject to continuous fluctuations due to various factors.

The past 1-year return of Orissa Minerals Development Company Ltd [ORISSAMINE] share was 166.82. The Orissa Minerals Development Company Ltd [ORISSAMINE] share hit a 1-year low of Rs. 2295 and a 1-year high of Rs. 8344.

The market cap of Orissa Minerals Development Company Ltd is Rs. 4041 Cr. as of 2/22/2024 12:00:00 AM.

The PE ratios of Orissa Minerals Development Company Ltd is 0 as of 2/22/2024 12:00:00 AM.

The PB ratios of Orissa Minerals Development Company Ltd is -157.23 as of 2/22/2024 12:00:00 AM

The Mutual Fund Shareholding was 2.94% at the end of 2/22/2024 12:00:00 AM.

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