NMDC Stock Outperforms Sector and Sensex, Receives 'Buy' Call from MarketsMOJO

NMDC, a leading mining and minerals company, has seen a positive trend in its stock performance on June 6th, 2024. The stock has gained 4.35%, outperforming the sector by 1.1%. This has led to a 'Buy' call by MarketsMOJO, a trusted source for stock analysis.

In terms of price summary, NMDC's stock has been on a consecutive gain for the last 2 days, with a rise of 7.77% in this period. The stock also touched an intraday high of Rs 255.55, showing a 4.28% increase. While the stock is currently higher than its 5-day, 50-day, 100-day, and 200-day moving averages, it is lower than its 20-day moving average.

The mining and minerals sector has also seen a positive trend, with a gain of 2.93%. Additionally, NMDC's stock offers a high dividend yield of 3.52% at the current price, making it an attractive option for investors.

In comparison to the Sensex performance, NMDC has outperformed with a 1-day performance of 3.92% compared to Sensex's 0.59%. In the last month, NMDC's performance has been -5.42%, while Sensex has seen a 1.25% increase.

Overall, NMDC's stock has shown a strong and consistent performance, making it a promising investment in the mining and minerals industry. With a 'Buy' call from MarketsMOJO and a high dividend yield, NMDC is definitely a stock to watch out for.