NMDC Steel Experiences Surge in Trading Activity and Performance Amid Sector Gains

NMDC Steel Ltd, a small-cap player in the ferrous metals industry, has emerged as one of the most active equities today, with a total traded volume of 22,334,370 shares and a total traded value of approximately Rs 93.25 crore. The stock opened at Rs 39.43 and reached an intraday high of Rs 42.70, reflecting an increase of 8.85% during the trading session. As of the latest update, the last traded price stands at Rs 42.34, marking a significant performance improvement of 7.80% for the day.
The stock has shown a consistent upward trend, gaining for four consecutive days and delivering a total return of 11.93% over this period. Notably, NMDC Steel has outperformed its sector by 4.83%, while the broader steel sector, including sponge iron and pig iron, has seen a gain of 2.9%. The stock's volatility today was marked at 5.2%, indicating high trading activity.

Additionally, delivery volume surged to 357,100 shares on September 2, representing a 100.51% increase compared to the five-day average. NMDC Steel is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong market position. Overall, NMDC Steel's performance today reflects robust trading activity and positive momentum within the ferrous metals sector.