NMDC’s stock is currently experiencing increased attention following a 5% rise in its iron ore production for December 2024. The company reported production of 4.71 million tonnes of iron ore in December, compared to 4.48 million tonnes in the same month last year. Despite the rise in production, iron ore sales have decreased by more than 6%, from 4.19 million tonnes in December 2023 to 3.91 million tonnes in December 2024.
As of 12:09 IST on 02 January 2025, the active call option for NMDC is priced at Rs 1.2 for a strike price of Rs 70.0, with an expiration date of 30 January 2025, reflecting a 4.35% increase. The active put option at the same time is priced at Rs 0.45 for a strike price of Rs 60.0, reflecting a 25% decrease.
In terms of trading volume, NMDC has seen 809,358 shares traded as of 12:08 IST today. This highlights the ongoing market activity surrounding the stock.
NMDC’s stock has shown mixed performance in both short- and long-term periods. Currently priced at Rs 66.47, the stock has seen a 0.74% increase today. Over the past week, the stock has decreased by 6.93%, and it has fallen by 13.97% over the past month. Over the past six months, it has dropped by 18.39%, while over the past year, it has decreased by 8.38%. However, over a five-year period, the stock has seen a 51.99% increase.
At 11:46 IST, NMDC’s share price increased by 0.21%, reaching Rs 66.12. This aligns with the overall market trend, with the BSE Sensex also gaining 0.85% to reach 79,175.85.
NMDC’s stock has fluctuated between Rs 65.93 and Rs 66.9 today, reflecting active market movements. Investors are keeping a close eye on the stock’s performance as the trading day progresses.
In terms of key price levels, NMDC’s 52-week range has seen a low of Rs 63.39 and a high of Rs 95.35, indicating considerable price volatility over the past year. The stock’s performance in the short-term has been impacted by a drop in iron ore sales despite the increase in production.
For the latest developments, investors are closely monitoring the stock’s trading activity, which includes key support and resistance levels. As of 09:30 IST, the daily pivot level for NMDC is set at Rs 66.37, with resistance levels at Rs 66.81 (R1), Rs 67.12 (R2), and Rs 67.56 (R3). Support levels are placed at Rs 66.06 (S1), Rs 65.62 (S2), and Rs 65.31 (S3).
The stock closed at Rs 65.98 on the previous trading day, with a total trading volume of 14,714,770 shares on the BSE and 21,999,690 shares on the NSE.
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