NMDC Steel Ltd. shares experienced a substantial jump of 13.57% on Monday, settling at Rs 50.63, following the announcement of a robust financial turnaround for the January-March quarter of fiscal year 2026 (Q4 FY26). The steelmaker posted a consolidated net profit of Rs 391.91 crore, a stark contrast to the net loss of Rs 473.39 crore recorded in the same period last year.
Operational revenue for Q4 FY26 also saw a significant increase, rising 36.67% year-on-year to Rs 3,879 crore, up from Rs 2,838.25 crore in the corresponding quarter.
Full-Year Performance Highlights
For the entire financial year FY26, NMDC Steel successfully reversed its fortunes, reporting a net profit of Rs 58.72 crore. This marks a significant recovery from the net loss of Rs 2,373.78 crore reported in FY25. Total revenue for FY26 climbed an impressive 60.43% to Rs 13,641.81 crore, compared to Rs 8,503.05 crore a year prior.
Analyst Outlook and Technical Levels
Following the strong earnings report and a breakout above the Rs 47–48 zone, several analysts maintain a bullish stance on NMDC Steel shares. Osho Krishan, Chief Manager – Technical & Derivative Research at Angel One, noted the strong consolidation breakout, projecting a potential move towards Rs 60-64 levels, with the Rs 48-45 range acting as a near-term cushion.
Virat Jagad, Senior Technical Research Analyst at Bonanza, also highlighted a powerful bullish breakout above a multi-month resistance at Rs 47. Jagad suggested considering fresh entry points between Rs 49.50–50.50, targeting Rs 58 and Rs 64, while advising a strict stop loss at Rs 44 for both new and existing positions.
However, not all analysts are entirely optimistic about immediate upside. AR Ramachandran, a Sebi-registered research analyst at Tips2trades, cautioned that while NMDC Steel is bullish, it appears overbought on daily charts. He identified the next resistance at Rs 54.83 and advised investors to consider booking profits. Ramachandran warned that a daily close below the support level of Rs 47.4 could lead to a fall towards Rs 38 in the near term.
Jigar S Patel, Senior Manager – Technical Research at Anand Rathi, placed support for the stock at Rs 48 and resistance at Rs 52. He indicated that a decisive move above Rs 52 could trigger further upside towards Rs 54, with the expected short-term trading range between Rs 48 and Rs 54.
Disclaimer: This article provides stock market news for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.