NMDC Ltd Shows Mixed Performance Amid Sector Gains and High Dividend Yield

Jan 16 2025 11:35 AM IST
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NMDC Ltd, a prominent player in the Mining & Minerals sector, experienced a notable gain on January 16, 2025, outperforming its sector. Despite this, the company's performance over the past month has been less favorable. NMDC also offers a high dividend yield, indicating potential returns for shareholders.
NMDC Ltd, a key player in the Mining & Minerals sector, saw a significant gain of 3.34% on January 16, 2025, outperforming its sector by 1.08%. The stock reached an intraday high of Rs 65.25, marking a 3.23% increase during the trading session. However, NMDC's performance over the past month has been less favorable, with a decline of 14.65%, while the Sensex decreased by 5.89%.

In terms of moving averages, NMDC's current price is above its 5-day moving average but remains below the 20-day, 50-day, 100-day, and 200-day moving averages, indicating mixed short- to long-term trends. The broader Mining & Minerals sector experienced a gain of 2.1% on the same day. Notably, NMDC offers a high dividend yield of 3.82%, suggesting potential returns for shareholders despite the recent volatility.
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