NMDC has built a strong base in the ₹60–₹70 zone and recently broke out of consolidation, closing above anchored VWAP and POC levels with strong volume support. RSI breakout above 60 and a bullish MACD crossover confirm upside momentum. Accumulate ₹72–₹76 for targets of ₹85–₹92. Stop loss: ₹66.
Traders can look to accumulate NMDC in the 72-76 zone and expect upside targets of 85-92 in 6-8 weeks with stop loss below 66 (closing basis).
Website: www.nmdc.co.in
Sector: Metals & Mining | Headquarters: Hyderabad, Telangana | Founded: 1958
| Strengths | Highlights |
|---|---|
| Scale & Market Dominance | Leading iron ore miner with long-term contracts securing stability. |
| Diversification | Diamond mining, steel, power, international asset exploration. |
| Robust Financials | Strong top-line growth, consistent profitability. |
| CapEx-Driven Growth Strategy | High-capacity expansion across downstream value chain. |
| Sustainability Initiatives | Eco-conscious mining and recognized R&D infrastructure. |
NMDC is a cornerstone of India's mining infrastructure, with unmatched scale, solid financials, and ambitious expansion plans that extend into steel, energy, and global raw materials. Its Navratna status, eco-efficiency, and capacity-building momentum make it a compelling long-term play. However, investors should balance optimism with prudence—monitor execution, commodity cycles, and regulatory environments closely.
Disclaimer - Investments in securities market are subject to market risk, read all the related document carefully before investing.
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Monarch Networth Capital Limited (‘MNCL’) | CIN No.: L64990GJ1993PLC120014
Unit No. 803-804A, 8th Floor, X-Change Plaza, Block No. 53, Zone 5, Road-5E, Gift City, Gandhinagar - 382050, Gujarat
Ahmedabad
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Monarch Networth Capital Limited, G Block, Laxmi Tower, B Wing, 4th Floor, Bandra Kurla Complex, Bandra East, Mumbai - 400051.
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Monarch Networth Capital Limited (‘MNCL’) | CIN No.: L64990GJ1993PLC120014
(As per LODR Regulations and Companies Act, 2013)
Contact information of the designated officials of the listed entity who are responsible for assisting and handling investor grievances : Mr. Nitesh Tanwar
Monarch Networth Capital Limited
Unit No. 803-804A, 8th Floor, X-Change Plaza, Block No. 53, Zone 5, Road-5E, Gift City, Gandhinagar - 382050, Gujarat
Ahmedabad
“Monarch House”, Opp Prahladbhai Patel garden, Near Ishwar Bhuvan, Commerce Six Roads, Navrangpura, Ahmedabad – 380009
Mumbai
Monarch Networth Capital Limited, G Block, Laxmi Tower, B Wing, 4th Floor, Bandra Kurla Complex, Bandra East, Mumbai - 400051.
Phone: 022 - 66476400 / 66476405
Email: cs@mnclgroup.com
Email for Grievance: cs@mnclgroup.com
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