NMDC's Stock Faces Dip, But Experts Give 'Buy' Call for Long-Term Investment

NMDC, a leading mining and minerals company in India, has recently faced a dip in its stock price. On August 14, 2024, the company's stock fell by -4.76%, underperforming the sector by -3.76%. However, despite this recent decline, experts at MarketsMOJO have given a 'Buy' call for NMDC's stock.

In the past two days, NMDC's stock has been on a downward trend, with a fall of -6.03%. The stock also touched an intraday low of Rs 215.6, a decrease of -4.01%. Currently, NMDC is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages.

Investors looking for a high dividend yield can find NMDC attractive, as it currently offers a yield of 3.83% at its current price. Despite the recent dip in stock price, NMDC has shown a strong performance in the past, with a 1-day performance of -5.01% compared to Sensex's 0.08% and a 1-month performance of -13.34% compared to Sensex's -1.87%.

NMDC's strong presence in the mining and minerals industry, along with its consistent dividend payouts, makes it a reliable choice for investors. With a 'Buy' call from MarketsMOJO, NMDC's stock is worth considering for long-term investment.