Short term swing trade (A): Metals & Mining stock | 5-6% target | Indian stock trading recommendation on 28 Jan 2026

NOTE

Closing Price: ₹78.84 (as of Jan 27, 2026)
StopLoss*: Apply on the daily close. After the first target, reset the StopLoss to your buying price.
Duration^: Approximate holding period based on the active trading days (excluding market holidays). Actual holding may vary with the market conditions.
Upside Potential#: Based on median of the suggested buy range.

NMDC Limited, founded in 1958, is India’s largest iron ore producer and a Navratna PSU under the Ministry of Steel. The company is engaged in mining and selling iron ore, with major operations in Chhattisgarh and Karnataka, supplying high-quality ore to domestic steelmakers. NMDC has a strong market position due to its low-cost, high-grade reserves, a debt-free balance sheet, and consistent cash generation. It is expanding capacity with a long-term target of 100 million tonnes by FY31, including value-added pellet production, and is known for maintaining healthy dividend payouts, making it a key player in India’s steel and infrastructure growth story.

Website: http://www.nmdc.co.in/

Q2 FY26 Earnings Call Summary & Financial Highlights

Earnings Call Summary

Record output: Q2 production hit an all-time high at 10.21 MT (+23% YoY); sales at 10.72 MT (+10% YoY). FY26 sales target at 55 MT.
Profit growth: Net profit rose 41% YoY to ₹1,699 cr, though it fell 14% QoQ due to lower iron ore prices.
Margin expansion: Operating margin improved sharply to 36.8%, up ~750 bps QoQ, driven by better cost control and efficiency.
Big expansion plans: FY26 capex of ₹40 bn; long-term ₹70,000 cr capex to reach 100 MT capacity by FY31. Pellet plant expected by end-FY26.
Strong balance sheet: ₹58 bn net cash, negligible debt, and steady dividends with ~4% yield outlook.

Financial Highlights

Metric	Q2 FY26	Q1 FY26	Q2 FY25	QoQ Change (%)	YoY Change (%)
Total Income (Rs. Cr)	678.82	567.8	537.27	19.60%	26.30%
EBITDA (Rs. Cr)	182.14	141.1	114.66	29.10%	58.80%
EBITDA Margin (%)	26.83%	24.84%	21.34%	+199 bps	+549 bps
PAT (Rs. Cr)	90.21	57.55	44.84	56.80%	101.20%
PAT Margin (%)	13.29%	10.13%	8.35%	+316 bps	+494 bps
EPS (Rs.)	24.04	15.85	11.43	51.70%	110.30%

Price Performance & Volume Analysis

Price Performance

Volume Analysis

Technical Analysis

Key Observations

While moving within an ascending parallel channel, the stock has taken support at the lower trendline and bounced back.
If the uptrend remains intact, the stock may now witness an upward move from the current levels.

Those following short term trading signals for Indian stocks can benefit from structured entries and disciplined exits.

Technical Image - Daily Timeframe

Technical Indicators

Oscillators

Indicator	Value	Zone
RSI-14	47.06	Neutral
CCI-14	-10.77	Neutral
MFI	47.84	Neutral
ROC	1.08	Positive
Stochastic %K	73.28	Neutral
William %R	-4.38	OversBold

Exponential Moving Averages (EMAs)

EMA	Value	Stock Position
10 EMA	2715	Above
20 EMA	2778	Above
30 EMA	2833	Below
50 EMA	2872	Below
100 EMA	2800	Below
200 EMA	2565	Above

Conclusion

NMDC Stock Price Forecast

Based on our best stock advisor in India, the NMDC Price target will be INR 82.5 - INR 83.5 in the next 12-14 trading sessions.

MONEY MANAGEMENT AND TRADING RULES

Buy within the recommended price range. You may allow up to 1% flexibility beyond the range if needed.
No need to rush. The recommendation remains valid for up to 7 days, not just at market open.
Use a trailing stop-loss to protect and lock in profits.
Diversify your trading capital across our other recommended stocks to reduce risk.
Invest responsibly. Trade only with funds you can afford to lose and hedge positions where appropriate.

Analyst Summary

The research analysis is prepared by Arijit Banerjee, CMT, CFTe. He is a veteran trader and an active investor having in-depth knowledge in financial market research, advanced technical analysis, market cycle, algorithmic trading and portfolio management. Arijit is a Chartered Market Technician (CMT) accredited by CMT Association USA, the leading global authority of Technical Analysis and has been honoured by Certified Financial Technician (CFTe) from the International Federation of Technical Analysts, USA. SEBI, the regulatory body of Indian financial market also recognizes him as a Research Analyst (INH300006582).

The views expressed herein are based solely on information available publicly/internal data/other sources believed to be reliable, but is not necessarily all-inclusive and is not guaranteed as to accuracy. The recommendations provided herein is solely for informational purposes and are not intended to be and must not be taken alone as the basis for an investment/trading decision. Trading and investing are subject to market risk and the securities discussed and opinions expressed herein may not be suitable for all investors. To read the full disclosure, please click here.

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