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NMDC share price jumps over 7% on robust Q3 results; here's what brokerages say
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NMDC share price jumped over 7% to touch a 52-week high following robust Q3 results. The state-owned company's Q3 numbers almost exceeded the Street estimates.
NMDC share price today opened at ₹250.10 apiece on BSE and touched an intraday high of ₹252.65 and an intraday low of ₹244.55. According to Rajesh Bhosale, Equity Technical and Derivative Analyst, Angel One, post-quarterly earnings, the stock has seen a strong gap-up opening, and we are seeing strong volume in this move.
Expect this move to continue in the near term, and traders can opt for a buy-on-dip approach. The bullish gap left around ₹238 is likely to act as support, whereas ₹264 is resistance.
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