NMDC Ltd Falls 5.47%: Volume Surges and Price Pressure Mark a Volatile Week

9 February 2026: Steady Start Amid Positive Market Momentum

NMDC Ltd began the week on a positive note, closing at Rs.84.44, up 0.46% from the previous close. The Sensex outperformed with a 1.04% gain, closing at 37,113.23. The stock’s moderate volume of 1.76 million shares indicated steady investor interest, aligning with a broadly positive market environment. This initial strength set the stage for heightened activity in the following sessions.

10 February 2026: Exceptional Volume Surge Amid Mixed Sentiment

On 10 February, NMDC witnessed a remarkable surge in trading volume, with over 9.26 million shares changing hands, translating to a traded value of approximately ₹77.94 crores. Despite this, the stock price edged up modestly by 0.76% to Rs.85.08. This volume spike contrasted with a relatively muted Sensex gain of 0.25%, signalling increased speculative or institutional interest in NMDC amid mixed market sentiment.

Technical indicators remained positive, with the stock trading above all key moving averages and close to its 52-week high of Rs.86.72, just 3.04% below. The surge in volume alongside a slight price increase suggested accumulation rather than distribution, supported by an upgraded mojo rating to Strong Buy as of 1 December 2025.

11 February 2026: Sustained Volume and Sector Outperformance

NMDC continued to attract strong investor interest on 11 February, with traded volume reaching 8.62 million shares and a traded value of approximately ₹73.80 crores. The stock closed at Rs.85.69, gaining 0.72%, outperforming the Minerals & Mining sector which declined 1.12% and the Sensex which was nearly flat.

The stock’s proximity to its 52-week high of Rs.86.72, now just 1.34% away, combined with the mojo upgrade to Strong Buy, reinforced positive technical momentum. Despite a slight dip in delivery volumes, the overall trading pattern suggested accumulation by institutional investors, supporting the stock’s upward trajectory amid a cautious broader market.

12 February 2026: Price Correction Amid Moderate Volume

On 12 February, NMDC faced a mild correction, closing down 1.12% at Rs.84.73 on volume of 2.15 million shares. The Sensex also declined by 0.56%, closing at 37,049.40. The stock’s dip below the previous day’s close reflected short-term profit booking or cautious positioning ahead of the weekend, though it remained above key long-term moving averages, indicating the underlying trend was intact.

13 February 2026: Sharp Decline Amid Heavy Volume and Price Pressure

The final trading day of the week saw NMDC Ltd suffer a significant setback, closing at Rs.79.45, down 6.23% intraday and 5.47% for the week. The stock opened sharply lower at Rs.81.50, a 3.82% gap down from the previous close, and hit an intraday low of Rs.80.29. Despite a surge in volume to 8.51 million shares (₹69.02 crores traded value), the price pressure was pronounced, with the stock underperforming both the Minerals & Mining sector (-2.08%) and the Sensex (-0.98%).

Technically, NMDC traded below its 5-day and 20-day moving averages, signalling short-term weakness, though it remained above its 50-day, 100-day, and 200-day averages, suggesting longer-term support. The elevated mojo score of 82.0 and maintained Strong Buy rating indicate that despite short-term volatility, underlying fundamentals and institutional interest remain robust.

The combination of rising delivery volumes and high liquidity suggests accumulation by informed investors, even as some profit-taking or repositioning occurred. The stock’s attractive dividend yield of 3.89% continues to provide an income cushion amid market fluctuations.

Daily Price Comparison: NMDC Ltd vs Sensex (9–13 Feb 2026)

Key Takeaways

NMDC Ltd’s week was characterised by strong volume surges on 10 and 11 February, signalling robust investor interest despite mixed price action. The stock’s mojo rating upgrade to Strong Buy and proximity to its 52-week high underscored positive fundamentals and technical momentum.

However, the sharp declines on 12 and 13 February, particularly the 5.11% intraday low on 13 February amid heavy volume, highlighted short-term selling pressure and sectoral headwinds. The stock’s underperformance relative to the Sensex and Minerals & Mining sector during these sessions suggests cautious sentiment among traders.

Technically, NMDC remains supported by its long-term moving averages and attractive dividend yield of 3.89%, which may provide a foundation for recovery. The elevated delivery volumes and liquidity profile indicate that institutional accumulation may be underway despite recent volatility.

Conclusion

NMDC Ltd’s performance in the week ending 13 February 2026 reflects a complex interplay of strong investor interest, technical strength, and short-term price pressure. While the stock closed the week down 5.47%, significantly underperforming the Sensex, the underlying fundamentals remain solid, supported by a Strong Buy mojo rating and healthy dividend yield.

The exceptional trading volumes amid price declines suggest a phase of consolidation or profit-taking rather than outright distribution. Investors should monitor upcoming sessions for signs of a technical rebound above short-term moving averages or further weakness. Sectoral volatility and broader market trends will continue to influence NMDC’s near-term trajectory.

Overall, NMDC remains a key mid-cap player in the Minerals & Mining sector with a favourable risk-reward profile, balancing short-term caution with longer-term growth potential.

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