NMDC Steel returns to profit in second-quarter results

NMDC Steel reports a Q2 profit of Rs 61 crore as revenue rises 11.04%. The stock faces Rs 42.20 resistance and Rs 36.78 support after five sessions of gains. NMDC Steel Ltd. [ NSLNISP ] is in focus after Q2 profit reached Rs 61 crore. For the quarter ended Sept 2026, it compared with a net loss of Rs 114.8 crore a year earlier. Revenue rose 11.04% year on year to Rs 3,764.4 crore from Rs 3,389.9 crore. The company returned to profit as revenue grew, indicating an improved quarterly performance. EBITDA and margin figures were not provided. On the chart, the stock has formed a higher-high, higher-low pattern over five trading sessions. This points to improving short-term momentum, but the broader trend remains bearish. The current price was not provided, so its distance from the marked levels cannot be assessed. In my view, the recent rise is an improvement within a bearish major trend. A move above Rs 42.20 resistance would strengthen the short-term picture. A fall below Rs 36.78 support would weaken the recovery. Watch the stock around these levels in coming sessions. Sustained movement above resistance would prompt a reassessment of the broader bearish view. Stance: bearish while below Rs 42.20, with Rs 36.78 as the key support. Disclaimer: I do not hold any position in this. This content is for informational purposes only and is not a recommendation to buy or sell. Investments in securities are subject to market risks. Please read all related documents carefully before investing.