Highlights

• NMDC Steel shares surged over 14% following the March quarter earnings announcement.
• The company reported net profit of INR 39,191 lakh and revenue of INR 390,514 lakh.
• The stock emerged among the top gainers as investors reacted to the latest financial performance.

Overview

NMDC Steel Limited (NSE: NSLNISP) attracted significant market attention on June 1, with the stock rising 14.14% to INR 50.93. The sharp move came after the company reported its March 2026 quarter results, which highlighted profitability and healthy revenue generation.

The stock opened at INR 48.30 and climbed to an intraday high of INR 51.50, reflecting strong participation during the session. The rally placed NMDC Steel among the top-performing stocks of the day.

Fundamental View

For the quarter ended March 2026, NMDC Steel reported standalone total income of INR 390,514 lakh. Profit before tax came in at INR 48,610 lakh, while net profit stood at INR 39,191 lakh. Earnings per share were reported at INR 1.34.

The quarterly performance reflected a profitable operating environment and marked a notable improvement in earnings visibility. The results appear to have supported positive market sentiment toward the stock.

Technical View

NMDC Steel is currently trading at INR 50.93, comfortably above its 21-day SMA of INR 44.12, indicating a positive near-term structure. Recent price action shows the stock extending its upward move after gradually recovering from its March lows.

The sharp rise has pushed the stock into a higher trading zone and strengthened the prevailing uptrend. Sustaining above the short-term moving average remains important for maintaining the current structure.

Momentum Indicator

The 14-day RSI stands at 73.23, moving into overbought territory. This reflects strong momentum following the latest rally and highlights the intensity of recent price gains. While momentum remains positive, elevated RSI readings may also increase the possibility of short-term volatility.

Key Technical Levels

At the current market price of INR 50.93, immediate support is placed near INR 48.38, while the next important support level is around INR 45.84. On the upside, resistance is seen near INR 53.48, followed by a stronger hurdle around INR 56.02. These levels may play an important role in determining the stock's near-term direction.

Risks to Watch

• Overbought RSI readings may increase volatility.
• Profit-booking after the sharp rally.
• Commodity price fluctuations affecting margins.
• Failure to hold above recent breakout levels.

Summary

NMDC Steel shares gained more than 14% after the company reported March quarter revenue of INR 390,514 lakh and net profit of INR 39,191 lakh. The earnings announcement helped the stock emerge among the session's top gainers. Technically, the stock remains above its 21-day SMA, while RSI has entered overbought territory, reflecting strong momentum. Support levels near INR 48.38 and INR 45.84 remain important, while resistance is seen around INR 53.48 and INR 56.02.

FAQs

1. Why did NMDC Steel shares rise sharply?

The stock gained after the company reported profitable March quarter results and healthy revenue performance.

2. What was NMDC Steel's net profit in Q4 FY26?

The company reported a standalone net profit of INR 39,191 lakh for the quarter ended March 2026.

3. What are the key levels to watch in NMDC Steel?

Support is near INR 48.38 and INR 45.84, while resistance is located around INR 53.48 and INR 56.02.