NMDC Ltd Gains 3.57%: 5 Key Factors Driving This Week’s Momentum

2 February 2026: Technical Momentum Shifts to Mildly Bullish

NMDC Ltd began the week with a subtle shift in technical momentum, moving from a bullish to a mildly bullish stance. The stock closed at ₹81.60, up 0.55% on the day, outperforming the Sensex which declined 1.03% to 35,814.09. Key technical indicators such as MACD and daily moving averages supported a positive outlook, although monthly RSI and KST suggested caution. This nuanced technical picture set the tone for a week of measured optimism amid mixed signals.

3 February 2026: Strong Quarterly Results and Bullish Technical Upgrade

On 3 February, NMDC reported a robust Q3 FY26 with a 15.88% revenue growth, posting record net sales of ₹7,610.79 crores. The stock edged up marginally by 0.02% to ₹81.62, while the Sensex surged 2.63% to 36,755.96. Technical momentum shifted decisively to bullish, supported by strong MACD readings and moving averages. The company’s mojo score improved to 82.0, and the rating was upgraded to Strong Buy, reflecting enhanced investor confidence. This combination of fundamental strength and technical validation reinforced the stock’s appeal.

4 February 2026: Intraday High Surge and Strong Buy Upgrade

NMDC Ltd surged 5.32% on 4 February, closing at ₹85.96 after hitting an intraday high of ₹85.44, just 1.75% below its 52-week peak of ₹86.84. This strong performance outpaced the Sensex’s modest 0.37% gain and the Minerals & Mining sector’s 2.32% rise. The stock recorded its third consecutive day of gains, accumulating a 6.18% return over this period. Exceptional trading volumes of 1.21 crore shares, with a traded value exceeding ₹100 crores, underscored robust investor interest. The mojo score of 82.0 and the upgrade to Strong Buy further validated the stock’s technical and fundamental strength.

5 February 2026: Exceptional Volume Amid Mixed Price Action

Despite a 1.57% price decline to ₹84.61 on 5 February, NMDC remained one of the most actively traded stocks with over 86 lakh shares changing hands, valued at approximately ₹72.9 crores. The stock traded above all key moving averages, signalling sustained upward momentum despite short-term profit-taking. Delivery volumes surged by nearly 80% compared to the 5-day average, indicating strong accumulation by investors. The dividend yield of 3.84% added to the stock’s appeal. While the price dipped, the combination of high volume and technical support suggested underlying strength and potential for further gains.

6 February 2026: High Volume Continues Amid Modest Price Decline

On the final trading day of the week, NMDC saw exceptional volume again with nearly 1.2 crore shares traded, valued at approximately ₹100.75 crores. The stock closed lower at ₹84.05, down 0.66%, mirroring a cautious market mood. Delivery volumes declined by 30.89% compared to the 5-day average, suggesting some short-term trading activity. Nevertheless, NMDC remained above all major moving averages and just 3.68% below its 52-week high, maintaining a strong technical position. The mojo score and Strong Buy rating were reaffirmed, highlighting the company’s solid fundamentals and sustained investor interest despite short-term volatility.

Key Takeaways

Strong Fundamental Growth: NMDC’s record quarterly sales of ₹7,610.79 crores and 15.88% revenue growth underpin its robust financial health, supporting the upgrade to a Strong Buy rating and a mojo score of 82.0.

Technical Momentum Shift: The stock’s technical momentum evolved from mildly bullish to bullish early in the week, with MACD and moving averages signalling sustained upward pressure despite mixed RSI and KST readings on longer timeframes.

Exceptional Trading Volumes: Multiple days of high volume, including over 1 crore shares traded on 4 and 6 February, indicate strong investor participation and accumulation, particularly supported by rising delivery volumes on 5 February.

Price Volatility and Short-Term Pullbacks: Despite strong gains midweek, the stock experienced modest declines on 5 and 6 February, reflecting profit-taking and short-term volatility, though it remained above key moving averages and near its 52-week high.

Dividend Yield and Market Position: A healthy dividend yield near 4% adds income appeal, while a mid-cap market capitalisation of approximately ₹74,000 crores ensures liquidity and institutional interest.

Conclusion

NMDC Ltd’s performance during the week of 2–6 February 2026 was marked by a 3.57% price appreciation, significantly outperforming the Sensex’s 1.51% gain. The stock’s trajectory was supported by strong quarterly results, a technical upgrade to bullish momentum, and exceptional trading volumes signalling robust investor interest. While short-term price pullbacks occurred late in the week, the overall technical and fundamental backdrop remains constructive. The reaffirmed Strong Buy rating and high mojo score reflect confidence in NMDC’s growth prospects within the minerals and mining sector. Investors should continue monitoring volume trends and technical indicators to gauge the sustainability of this momentum amid broader market fluctuations.

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