NMDC Ltd Shows Signs of Trend Reversal Amidst Recent Declines and High Dividend Yield

Jan 14 2025 10:20 AM IST
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NMDC Ltd experienced a gain on January 14, 2025, following three days of declines, reaching an intraday high. The stock remains above its 52-week low but is trading below several moving averages. The company offers a high dividend yield, although it has seen a significant decline over the past month.
NMDC Ltd, a key player in the mining and minerals sector, saw a notable gain of 3.12% on January 14, 2025, marking a potential trend reversal after three days of declines. The stock reached an intraday high of Rs 62.47, reflecting a 4.06% increase during the session. Despite this positive movement, NMDC remains 3.52% above its 52-week low of Rs 59.7 and is currently trading below its various moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages.

The company maintains a high dividend yield of 4.03% at its current price, which may attract income-focused investors. However, NMDC's performance over the past month has seen a significant decline of 20.22%, contrasting sharply with the Sensex's decrease of 6.83%. In today's trading, NMDC's one-day performance of 2.50% notably outpaced the Sensex, which recorded a modest gain of 0.26%.
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