NMDC adds Rs27.7 billion (US$390.1 million) in MCap, top heavyweight rise in Mining sector
NMDC Limited (NSE:NMDC), India's largest Mining company by market cap, has jumped Rs9.05 (7.0%) from its previous trading session to close at Rs138.80. Compared with the BSE SENSEX Index which fell 416.5 points (1%) in the day, the relative price increase was 8.0%. The rise has been propped up by extraordinary volume of 3.9 times the average daily volume of 5.9 million shares. It posted the highest rise in MCap with the most influence on the Mining sector. There were 22,832,213 shares worth Rs3.1 billion (US$44 million) traded today. Today the stock traded between its twenty-five-month high of Rs139.35 and three-day low of Rs133.20.
Technical indicators complementing today's significant uptrend:
+ The positive 4.42 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.
+ In the last one month the stock has hit a new 52-week high eight times and in the last three months nine times, pointing to a significant uptrend.
+ The price soared 12.6% in the last week and 15.7% in the last month.
+ The present value of Rs1,000 invested one year ago is Rs1,691 [vs Rs1,141 for the BSE SENSEX Index].