The stock rose from Rs 126 on January 2nd, 2023 to Rs 191 recorded on December 13, 2023 which translates into an upside of over 51% so far in 2023. Tracking the momentum, the stock hit a record high of Rs 192 on 13th December 2023. It rose by about 9% in a month and over 30% in the last 3 months.
NMDC share price: The stock rose 2.46 per cent to hit a day high of Rs 173 over its previous close of Rs 168.85. The scrip has gained more than 62 per cent in the last six months. Brokerage Nuvama Institutional Equities has maintained its 'Buy' call on the counter, suggesting a target price of Rs 195 in a year.
NMDC’s daily trend is bullish to sideways. The RSI for monthly, weekly and daily are showing bullish momentum. Based on option chain analysis, the range is between 160 and 180. Let’s plan a trade around this.