NMDC's Stock Performance Draws Attention Despite Recent Dip

NMDC, a leading mining and minerals company, has been making headlines recently with its stock performance. On September 2nd, the company's stock saw a decline of -3.16%, underperforming the sector by -1.97%. This has been a trend for the past four days, with the stock falling -5.86% during this period.

Despite this recent dip, MarketsMOJO has given a 'Buy' call for NMDC's stock. The company's current price is also trading at a high dividend yield of 3.86%. This is a positive sign for investors looking for stable returns.

NMDC's stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a downward trend. However, it is important to note that the company's stock has outperformed the Sensex in the past month, with a -8.56% return compared to the Sensex's 1.86% return.

NMDC is a largecap company in the mining and minerals industry, with a strong presence in India. The company has a proven track record of delivering consistent returns to its shareholders. With its high dividend yield and positive outlook from MarketsMOJO, NMDC's stock is definitely one to watch in the coming days.