NMDC Ltd Shows Resilience Amid Sector Decline with Increased Investor Participation

NMDC Ltd, a prominent player in the Mining & Minerals industry, has emerged as one of the most active equities today, with a total traded volume of 16,361,070 shares and a total traded value of approximately Rs 112.97 crores. The stock opened at Rs 69.70, reaching a day high of Rs 69.88 before settling at a last traded price of Rs 68.69, reflecting a decline of 1.16% for the day.
Despite this dip, NMDC has outperformed its sector, which has seen an overall decline of 2.04%. The stock's performance is noteworthy as it remains above its 5-day, 20-day, and 50-day moving averages, although it is below the 100-day and 200-day moving averages. Additionally, the stock boasts a high dividend yield of 4.03% at the current price, indicating a solid return for shareholders.

Investor participation has also increased, with a delivery volume of 1.78 crore shares on March 24, marking a 15.84% rise compared to the 5-day average. With a market capitalization of Rs 60,417.37 crores, NMDC continues to maintain a liquid trading environment, suitable for transactions up to Rs 5.07 crores. Overall, NMDC's performance today reflects its resilience in a challenging sector landscape.