NMDC remains a significant player in India’s mining sector, and its share price will likely continue to reflect both its operational strengths and broader market dynamics.
NMDC Limited, formerly known as National Mineral Development Corporation, is a cornerstone of India’s mining industry. Established in 1958 as a fully government-owned enterprise under the Ministry of Steel, NMDC is India’s largest iron ore producer, contributing approximately 40 million tons per annum from its mechanized mines in Chhattisgarh and Karnataka. Beyond iron ore, NMDC is the only organized diamond producer in India, operating the Majhgawan mine in Panna, Madhya Pradesh. The company also explores minerals such as copper, rock phosphate, limestone, and tungsten. As a Navratna Public Sector Enterprise, NMDC’s shares are listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE), with the Government of India holding a 60.79% stake as of March 2025 (Business Standard).
This report examines NMDC’s share price history, highlighting long-term trends, recent performance, and significant events that have shaped its market trajectory.
Long-term Share Price Trends
NMDC’s share price history reflects its operational success and the broader dynamics of the mining and metals sector. While comprehensive daily or monthly price data over a 10-year period requires access to financial databases, aggregated performance metrics provide insight into its historical trends. According to data from Screener.in, the Compound Annual Growth Rate (CAGR) of NMDC’s share price over various periods is as follows:
| Period | CAGR |
|---|---|
| 10 Years | 8% |
| 5 Years | 30% |
| 3 Years | 31% |
| 1 Year | -19% |
- 10-Year Performance (2015–2025): The 8% CAGR over the past decade indicates steady growth, driven by consistent demand for iron ore and NMDC’s dominant position in the Indian market. This period includes phases of economic growth and commodity price cycles, which have influenced the stock’s performance.
- 5-Year Performance (2020–2025): A robust 30% CAGR reflects a period of significant share price appreciation, likely fueled by increased global demand for iron ore and NMDC’s operational efficiency. This growth aligns with the company’s expansion and modernization efforts.
- 3-Year Performance (2022–2025): The 31% CAGR over three years suggests continued strong performance, possibly due to favorable market conditions and strategic initiatives like the demerger of NMDC Steel in 2022.
- 1-Year Performance (2024–2025): A decline of 19% in the past year indicates recent challenges, potentially due to market volatility, commodity price fluctuations, or operational factors. This downturn contrasts with the longer-term growth trend.
These metrics provide a high-level view of NMDC’s share price trajectory, though detailed historical data would offer deeper insights into specific price movements.
Recent Share Price Data
Recent share price data offers a snapshot of NMDC’s performance in the short term. The following table, sourced from Yahoo Finance, presents daily share price data for NMDC (NMDC.NS) on the NSE from May 9, 2025, to May 26, 2025, in Indian Rupees (INR):
| Date | Open | High | Low | Close | Adjusted Close | Volume |
|---|---|---|---|---|---|---|
| May 26, 2025 | 72.96 | 73.53 | 72.57 | 73.00 | 73.00 | 6,639,266 |
| May 23, 2025 | 72.15 | 73.10 | 71.23 | 72.49 | 72.49 | 25,709,758 |
| May 22, 2025 | 70.00 | 71.90 | 69.35 | 71.19 | 71.19 | 45,935,782 |
| May 21, 2025 | 69.50 | 70.29 | 69.06 | 70.15 | 70.15 | 11,838,095 |
| May 20, 2025 | 70.80 | 71.20 | 69.12 | 69.28 | 69.28 | 17,798,697 |
| May 19, 2025 | 70.27 | 71.32 | 69.55 | 70.26 | 70.26 | 19,353,220 |
| May 16, 2025 | 70.06 | 70.85 | 69.72 | 70.27 | 70.27 | 12,156,913 |
| May 15, 2025 | 70.04 | 70.80 | 69.40 | 70.06 | 70.06 | 24,328,812 |
| May 14, 2025 | 67.50 | 70.45 | 67.45 | 70.04 | 70.04 | 36,683,674 |
| May 13, 2025 | 68.00 | 68.44 | 67.06 | 67.21 | 67.21 | 16,900,869 |
| May 12, 2025 | 67.05 | 68.20 | 66.17 | 68.08 | 68.08 | 26,920,155 |
| May 09, 2025 | 62.00 | 64.67 | 62.00 | 64.29 | 64.29 | 22,840,112 |
This data indicates a general upward trend in May 2025, with the share price rising from Rs 64.29 on May 9 to Rs 73.00 on May 26. The stock experienced significant volatility, with a notable low of Rs 62.00 on May 9 and a high of Rs 73.53 on May 26. Trading volumes also varied, peaking at 45,935,782 shares on May 22, suggesting high investor activity.
Additional data from India Infoline for April 2025 shows the share price ranging from Rs 64.32 to Rs 69.10, with a closing price of Rs 68.02 on April 24, 2025. This aligns with the broader trend of recovery following a dip earlier in the year.
The 52-week range, as reported by Business Standard, was Rs 59.56 (low) to Rs 95.45 (high), indicating that the stock has not yet recovered to its peak within the past year. The recent 1-month gain of 6.87% and 3-month gain of 13.58% suggest a positive short-term outlook, despite the 1-year decline of 20.45%.
Significant Events Impacting Share Price
Several corporate actions have influenced NMDC’s share price dynamics:
- Stock Split (December 27, 2024): NMDC implemented a 3:1 stock split, dividing each share into three. This action, noted on Yahoo Finance, typically reduces the per-share price, making the stock more accessible to retail investors and potentially increasing liquidity. The adjusted close prices in the historical data reflect this split.
- Dividend Payment (March 21, 2025): NMDC paid a dividend of Rs 2.3 per share, as reported by Yahoo Finance. This dividend reflects the company’s profitability and commitment to returning value to shareholders, with a dividend yield of 10.18% as of May 23, 2025 (Economic Times).
- Demerger of NMDC Steel (2022): In 2022, NMDC demerged its steel business, leading to the creation of NMDC Steel Limited, which became a publicly traded company in 2023. This strategic move, mentioned on Wikipedia, may have impacted investor perceptions and share price dynamics by focusing NMDC’s operations on mining.
Factors Influencing Share Price
NMDC’s share price is influenced by both company-specific and external factors:
- Commodity Prices: As a major iron ore producer, NMDC’s share price is sensitive to global iron ore prices, which are affected by demand from industries like steel manufacturing.
- Government Ownership: With the Government of India holding 60.79% of NMDC’s equity, policy decisions and disinvestment plans (e.g., the 8.38% disinvestment in 2009–10) can impact share price movements.
- Operational Performance: NMDC’s production and sales figures, such as the 4.00 million tons of iron ore produced in April 2025 (Screener.in), influence investor confidence.
- Market Conditions: Broader market trends, including economic conditions and investor sentiment in the mining sector, contribute to share price volatility.
Analyst Perspectives
Analyst forecasts provide additional context for NMDC’s share price outlook. According to Economic Times, 17 analysts have set a median target price of Rs 73.71 for NMDC within the next 12 months, with a high estimate of Rs 108.33 and a low estimate of Rs 56.00. This range reflects varied expectations, with some optimism for recovery. Additionally, LiveMint notes that out of 16 analysts covering NMDC, two recommend a strong buy, five suggest a buy, and three advise a sell, indicating mixed sentiment.
NMDC Ltd. Closes Trading Window Ahead of FY25 Results
NMDC Ltd. has notified the stock exchanges that the trading window for dealing in the company’s securities has been officially closed starting April 1, 2025. This restriction applies to all insiders, including designated persons and their immediate relatives, in accordance with SEBI’s insider trading regulations.
The trading window will remain closed until May 29, 2025 — 48 hours after the declaration of the company’s financial results for the fourth quarter and the full financial year ending March 31, 2025.
(For a comprehensive 10-year share price history, investors may need to consult financial databases or NMDC’s investor relations resources, such as those available on NSE India.)
