Analysts gave divergent views on NMDC, with a technical exit call issued despite long-term positives, for an investor holding at a loss

Wed 7 Oct 2026

Investor buy price

86 rupees per share

Shares held

20,000 shares

September production growth

7 to 8 percent

Expected downside level

65 to 66

Heard on business television between 14:07:35 - 14:10:35 IST.

• Asta Jain said NMDC's September production grew 7-8% though sales figures were not as strong, which may explain weak stock performance.
• She said the stock should remain in the northward direction long term despite possible short-term hiccups, recommending to remain invested.
• Soumil Mehta called NMDC a low-beta counter that will take time to gain momentum, expecting it to fall to 65-66 levels in the short to medium term.
• He recommended exiting the counter and diversifying into other metals or mining stocks.

The call above is Soumil Mehta, Share Khan's, reported here as they made it. Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.