Trading Volume and Price Action Analysis
On 26 Feb 2026, NMDC Ltd emerged as one of the most actively traded equities by volume, with a total traded volume of 1.17 crore shares and a traded value nearing ₹97.11 crores. This volume represents a significant increase compared to its recent averages, signalling strong investor participation. The stock opened at ₹82.31, touched a day high of ₹83.56, and closed near the upper end at ₹83.35, marking a 1.47% gain from the previous close of ₹81.86.
Notably, NMDC’s delivery volume on 25 Feb stood at 1.44 crore shares, a 34.41% rise against its five-day average delivery volume, indicating genuine accumulation rather than speculative intraday trading. This surge in delivery volume is a positive sign, suggesting that investors are holding onto their shares, anticipating further upside.
Technical Strength and Moving Averages
From a technical standpoint, NMDC is trading comfortably above its key moving averages — 5-day, 20-day, 50-day, 100-day, and 200-day — underscoring a sustained bullish trend. The stock has recorded gains for three consecutive days, delivering a cumulative return of 5.27% over this period. This consistent upward momentum is further reinforced by the stock’s proximity to its 52-week high, currently just 4.39% shy of the peak level of ₹86.72.
Such technical resilience, combined with rising volumes, often signals strong institutional interest and a healthy accumulation phase, which could pave the way for further price appreciation in the near term.
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Sectoral and Market Context
NMDC’s outperformance is particularly notable when compared to its sector and broader market indices. The stock delivered a 1.87% return on the day, outperforming the Minerals & Mining sector’s 0.45% gain and the Sensex’s modest 0.24% rise. This relative strength highlights NMDC’s leadership within its industry and its appeal to investors seeking exposure to the mining space.
With a market capitalisation of approximately ₹73,315 crores, NMDC is classified as a mid-cap stock, offering a blend of growth potential and liquidity. The stock’s liquidity profile is robust, with the capacity to handle trade sizes of up to ₹4.11 crores based on 2% of its five-day average traded value, making it accessible for both retail and institutional investors.
Dividend Yield and Investor Appeal
Adding to its attractiveness, NMDC currently offers a high dividend yield of 7.08%, which is compelling in the current interest rate environment. This yield provides an additional income stream for investors, complementing the capital appreciation potential driven by the stock’s strong fundamentals and technical momentum.
The combination of a solid dividend, rising price trend, and increasing volume suggests that NMDC is in a favourable phase of accumulation, with investors positioning themselves ahead of potential sectoral tailwinds and commodity price improvements.
Accumulation and Distribution Signals
Market data indicates that NMDC is undergoing a phase of accumulation, as evidenced by the rising delivery volumes and sustained price gains. The stock’s ability to maintain levels above key moving averages while attracting higher volumes points to institutional buying interest. This accumulation phase is critical for sustaining upward momentum and reducing volatility in the medium term.
Conversely, there is no significant indication of distribution or profit-booking at current levels, which bodes well for the stock’s near-term outlook. Investors should monitor volume trends closely, as any sudden spike in volume accompanied by price weakness could signal a shift in sentiment.
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Mojo Score and Rating Update
NMDC’s Mojo Score currently stands at a solid 75.0, reflecting a favourable combination of financial strength, price momentum, and valuation metrics. The stock’s Mojo Grade was recently adjusted from a Strong Buy to a Buy on 13 Feb 2026, signalling a slight moderation in conviction but still maintaining a positive outlook. This recalibration may reflect the stock’s approach towards its 52-week high and the need for investors to monitor for potential consolidation phases.
The Market Cap Grade of 2 further confirms NMDC’s mid-cap status, balancing growth prospects with manageable risk. Investors should consider this rating in conjunction with broader market conditions and sectoral trends when making allocation decisions.
Outlook and Investor Considerations
Given the current technical strength, rising volumes, and attractive dividend yield, NMDC Ltd appears well-positioned for continued gains in the near term. The stock’s leadership within the Minerals & Mining sector, combined with strong institutional accumulation, supports a constructive investment thesis.
However, investors should remain vigilant to commodity price fluctuations and global economic factors that could impact mining sector dynamics. Monitoring volume patterns and delivery ratios will be crucial to gauge ongoing investor sentiment and potential shifts in accumulation or distribution phases.
Overall, NMDC’s recent trading activity and fundamental backdrop make it a compelling candidate for investors seeking exposure to the mining sector with a blend of income and growth potential.
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