NMDC Steel shares jump 18% to record high after returning to profit in Q4, FY26

June 1, 2026

NMDC Steel shares surged nearly 18% to a 52-week high after reporting a significant turnaround in FY26 earnings. The company returned to profitability with a net profit of Rs 391.91 crore in Q4 FY26, a stark contrast to last year’s loss. Revenue also saw substantial year-on-year growth, boosting investor confidence.

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