NMDC Stock Sees 3.12% Increase, Outperforms Sector and Offers High Dividend Yield

NMDC, a largecap mining and minerals company, saw a 3.12% increase in its stock price on October 18, 2024. The stock has been given a 'Hold' call by MarketsMOJO, a leading financial analysis platform.

In terms of performance, NMDC has outperformed its sector by 2.11% today. This is a positive sign for investors, as the stock has been on a downward trend for the past three days. The stock touched an intraday high of Rs 231.7, showing a 3.21% increase, and an intraday low of Rs 219.5, showing a 2.23% decrease.

NMDC's moving averages are currently higher than its 20-day and 50-day moving averages, but lower than its 5-day, 100-day, and 200-day moving averages. This indicates a mixed trend for the stock in the short term.

Investors looking for a steady income can also benefit from NMDC's high dividend yield of 3.23% at the current price. This is higher than the average dividend yield of the market.

In comparison to the Sensex, NMDC has performed significantly better in the past day and month, with a 1-day performance of 2.90% compared to Sensex's 0.33% and a 1-month performance of 8.83% compared to Sensex's -2.02%.

Overall, NMDC's stock has shown positive movement and has the potential to provide steady returns for investors. However, it is important to conduct thorough research and consult with a financial advisor before making any investment decisions.