Why NMDC Share Price Is Rising Today? Navratna PSU Stock At 52-Week High On THIS Update

NMDC Share Price Today: Shares of NMDC Limited extended its sharp rally during Tuesday's trading session as the Navratna PSU stock touched its fresh 52-week high mark. The fresh rally in the NMDC share price today came after it reported a sharp jump in iron ore production.

NMDC's share price was trading 3.78% higher at Rs 96.10 per share on the BSE, with a market capitalisation of Rs 84,489.37 crore. The stock had touched its 52-week high mark of Rs 97.20 per share earlier in the day.

Why Is NMDC Share Price Are Rising Today?

The sharp rally in NMDC's share price today came after the company reported robust iron ore production in the fourth quarter of the financial year 2025-26. In its recent BSE filing, NSE reported a 19.86% of year-on-year (YoY) jump in its iron ore production to 5.31 MT in May 2026. The company had reported 4.43 MT in May 2025. Despite showing robust production in May 2026, NMDC's iron ore sales declined by 6.91% on an annual basis ti 4.04 MT in May 2026 against 4.34 MT in May 2025.

Iron ore production in Chhattisgarh division surged by 30.39% on an annual basis to 3.99 MT in May 2026, whereas iron ore production Karnataka division reported a 3.65% annual decline.

NMDC Share Price Outlook

Before reporting its Q4 numbers, NMDC had reported a 36% surge in its fourth quarter profit for the financial year 2025-26. The state-owned NMDC reported a net profit of Rs 2,017.6 crore in the fourth quarter of the financial year 2025-26, against Rs 1,483.2 crore in the year-ago period.

NMDC's fourth quarter profit was in line with the market expectations as the Navratna PSU reported a sharp recovery in volumes and a higher contribution from NSL trading business. The company's consolidated revenue grew by 62% on an annual basis. The company's NSR remained strong on improved premiums; the company sold higher quantities of HRC to support NSL, which is not going to continue, as per PL Capital report.

NMDC Share Price Recommendation

While the company has planned to boost its capex cycle, it may also benefit from surge metal prices in the first half of the financial year 2025-26. PL Capital maintained an 'Accumulate' recommendation for the stock with a target price of Rs 97 per share.

"We maintain 'Accumulate' with a revised TP of INR 97 (earlier INR 95) assigning a higher multiple of 5.5x (earlier 5x) EV of Mar'28E EBITDA due to higher iron ore pricing, focus on higher volumes and diversification into newer businesses with healthy profit margins such as pellets and coal mining.

Motilal Oswal maintained a 'Buy' recommendation for NMDC stock with a target price of Rs 106 per share.