NMDC Shows Trend Reversal Amid Broader Market Gains and Positive Sentiment

NMDC, a prominent player in the Mining & Minerals sector, has shown a notable increase of 3.07% on May 2, 2025, marking a trend reversal after two consecutive days of decline. The stock reached an intraday high of Rs 66.95, reflecting a 3.38% gain during the trading session.
In terms of performance metrics, NMDC has outperformed its sector by 2.55% today. The stock's moving averages indicate a mixed trend; it is currently above the 5-day, 20-day, and 50-day moving averages, yet remains below the 100-day and 200-day moving averages. Additionally, NMDC boasts a high dividend yield of 4.32% at its current price, which may appeal to income-focused investors.

In the broader market context, the Sensex has risen by 0.91% after a flat opening, climbing 672.82 points to reach 80,973.01. Mega-cap stocks are leading this upward movement, contributing to a positive sentiment in the market. Over the past week, NMDC has shown a performance of 3.37%, outperforming the Sensex's 2.22% gain. However, its longer-term performance reveals a decline of 21.26% over the past year compared to the Sensex's increase of 8.53%.