Key Events This Week
09 Feb: Stock opens at ₹41.42, gains 1.74% on positive technical signals
10 Feb: Upgraded to Sell rating by MarketsMOJO; price rises to ₹42.14 (+1.74%)
13 Feb: Technical momentum shifts to sideways; stock closes at ₹40.36 (-2.20%)
Weekly Summary: Stock ends week down 2.56%, underperforming Sensex (-0.54%)
Monday, 09 Feb 2026: Positive Start Amid Market Rally
NMDC Steel Ltd began the week on a positive note, closing at ₹42.14, up ₹0.72 or 1.74% from the previous close of ₹41.42. This gain outpaced the Sensex’s 1.04% rise to 37,113.23, reflecting early optimism in the stock. Trading volume was moderate at 188,160 shares, indicating steady investor interest. The stock’s price movement was supported by improving technical parameters, setting the tone for the week ahead.
Tuesday, 10 Feb 2026: Upgrade to Sell Rating Spurs Gains
On 10 Feb, NMDC Steel Ltd was upgraded by MarketsMOJO from a Strong Sell to a Sell rating, reflecting a nuanced improvement in technical momentum despite ongoing fundamental challenges. The Mojo Score rose to 39.0, signalling cautious optimism. The stock responded positively, gaining 0.88% to close at ₹42.51 on robust volume of 380,471 shares. This price represented the week’s high, supported by daily moving averages turning bullish and a weekly KST indicator signalling positive momentum.
The upgrade was underpinned by mixed technical signals: while daily moving averages suggested short-term strength, weekly and monthly MACD remained mildly bearish, and RSI indicators were neutral. The stock’s valuation remained elevated relative to fundamentals, with a concerning operating profit decline of -37.79% annualised over five years and a negative Debt to EBITDA ratio of -1.00 times, highlighting financial strain.
Our current Stock of the Month is out! This Large Cap from Automobiles - Passenger Cars emerged as the single best opportunity from our elite universe. Get the details now!
- - Current monthly selection
- - Single best opportunity
- - Elite universe pick
Wednesday, 11 Feb 2026: Profit Taking Amid Mixed Signals
The stock reversed course on 11 Feb, closing at ₹41.94, down ₹0.57 or 1.34%. This decline contrasted with the Sensex’s modest 0.13% gain to 37,256.72, indicating relative weakness. Volume dropped to 201,554 shares, suggesting reduced buying interest. The pullback aligned with the persistence of bearish weekly and monthly MACD readings and neutral RSI, reflecting uncertainty in the broader trend despite short-term bullish cues.
Thursday, 12 Feb 2026: Decline Accelerates on Heavy Volume
On 12 Feb, NMDC Steel Ltd’s price fell further to ₹41.27, a 1.60% drop from the prior close, on heavy volume of 708,758 shares. The Sensex also declined by 0.56% to 37,049.40, but the stock’s sharper fall highlighted growing selling pressure. Technical indicators showed a sideways to bearish shift, with Bollinger Bands on the monthly chart remaining bearish and Dow Theory analysis indicating no clear trend. The stock’s weak long-term fundamentals, including zero ROCE and deteriorating operating profits, continued to weigh on sentiment.
Friday, 13 Feb 2026: Sideways Momentum Amid Market Weakness
The week closed with NMDC Steel Ltd at ₹40.36, down 2.20% on the day and 2.56% for the week. The Sensex fell 1.40% to 36,532.48, but the stock’s underperformance persisted. Technical momentum shifted from mildly bullish to sideways, with mixed signals from MACD, RSI, and moving averages. The weekly KST remained bullish, but monthly indicators suggested caution. On-Balance Volume showed bullish tendencies monthly, hinting at possible accumulation despite short-term price stagnation.
Holding NMDC Steel Ltd from ? See if there's a smarter choice! SwitchER compares it with peers and suggests superior options across market caps and sectors!
- - Peer comparison ready
- - Superior options identified
- - Cross market-cap analysis
Daily Price Comparison: NMDC Steel Ltd vs Sensex
| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-02-09 | Rs.42.14 | +1.74% | 37,113.23 | +1.04% |
| 2026-02-10 | Rs.42.51 | +0.88% | 37,207.34 | +0.25% |
| 2026-02-11 | Rs.41.94 | -1.34% | 37,256.72 | +0.13% |
| 2026-02-12 | Rs.41.27 | -1.60% | 37,049.40 | -0.56% |
| 2026-02-13 | Rs.40.36 | -2.20% | 36,532.48 | -1.40% |
Key Takeaways
Positive Signals: The upgrade from Strong Sell to Sell rating on 10 Feb reflected a mild improvement in technical momentum, supported by bullish daily moving averages and a weekly KST indicator. The stock showed short-term resilience with gains early in the week and monthly On-Balance Volume suggesting accumulation by investors.
Cautionary Factors: Despite technical improvements, NMDC Steel’s long-term fundamentals remain weak, with zero ROCE, a steep annualised decline in operating profits of -37.79%, and a negative Debt to EBITDA ratio indicating financial stress. The stock underperformed the Sensex throughout the week, closing 2.56% lower versus the benchmark’s 0.54% decline. Mixed technical signals, including bearish MACD on weekly and monthly charts and neutral RSI, point to ongoing uncertainty and a lack of clear directional trend.
Volume and Volatility: Heavy trading volume on 12 Feb coincided with a sharper price decline, signalling increased selling pressure. The sideways trend observed on 13 Feb suggests consolidation amid broader market weakness and sector-specific headwinds in the ferrous metals industry.
Conclusion
NMDC Steel Ltd’s week was characterised by a technical upgrade tempered by persistent fundamental challenges and mixed market signals. The initial optimism following the rating upgrade and short-term bullish momentum gave way to a sideways trend and price declines as broader market pressures and weak financial metrics weighed on investor sentiment. The stock’s underperformance relative to the Sensex highlights the cautious environment surrounding it.
Investors should remain attentive to the evolving technical indicators and fundamental developments, particularly monitoring support levels near ₹40 and any shifts in volume patterns. The current sideways momentum suggests a period of consolidation, with neither buyers nor sellers firmly in control. Given the company’s financial constraints and sector volatility, a balanced and vigilant approach is warranted in assessing NMDC Steel’s prospects going forward.
Upgrade at special rates, valid only for the next few days. Claim Your Special Rate →
