NMDC Faces Significant Stock Decline Amid Broader Mining Sector Challenges

Feb 11 2025 12:35 PM IST
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NMDC, a key player in the Mining & Minerals sector, has seen a significant decline, nearing its 52-week low. The stock has faced consecutive losses, underperforming both its sector and the Sensex. Currently trading below multiple moving averages, NMDC's performance reflects ongoing challenges in the mining industry.
NMDC, a prominent player in the Mining & Minerals sector, has experienced a notable decline of 3.22% on February 11, 2025. This drop positions the stock close to its 52-week low, just 3.79% above the low of Rs 59.7. Over the past two days, NMDC has faced consecutive losses, accumulating a total decline of 6.92%.

Today, the stock reached an intraday low of Rs 62, reflecting a decrease of 3.17%. In terms of performance, NMDC underperformed its sector, which saw an overall decline of 2.37%, and also lagged behind the Sensex, which fell by 0.53%.

The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Despite the recent downturn, NMDC maintains a high dividend yield of 3.77% at its current price, which may appeal to income-focused investors. Overall, NMDC's recent performance highlights the challenges faced within the mining sector amidst broader market fluctuations.
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