New Delhi, May 28 -- Continuing their bearish trend for the second consecutive trading session, shares of NMDC, India's largest iron ore producer, fell another 3% in intraday trade on Wednesday, May 28, to Rs.70.65 apiece, as investor sentiment turned negative following the release of the company's March quarter results.

The company, post market hours on Tuesday, reported a 5% rise in consolidated net profit to Rs.1,483 crore for the March quarter, driven by higher iron ore and pellet sales revenue. In the same period of the previous fiscal year, the company had posted a net profit of Rs.1,415 crore.

NMDC's total income rose by around 9 per cent to Rs.7,497.17 crore in the last quarter of FY25 from Rs.6,908.37 crore in Q4 FY24. Iron ore...