NEW YORK, December 28, 2025, 23:42 ET
- NMDC shares rose about 0.7% on Monday and touched a new 52-week high of 84.15 rupees.
- The Indian miner recently signed a memorandum of understanding with the Colorado School of Mines for mining research, including AI and machine learning.
- Angel One technical analyst Rajesh Bhosale flagged a breakout and set a near-term target of 92 rupees.
Shares of India’s state-run miner NMDC climbed about 0.7% on Monday and hit a fresh 52-week high, extending a recent rally tied to a U.S. research partnership and improving technical momentum.
The move matters now because investors have been rotating into select metals and mining names that show clearer earnings visibility and catalysts linked to technology upgrades. NMDC’s tie-up also taps into growing focus in India on improving mining efficiency and recovering more value from existing resources.
It also comes as traders look for breakouts after months of range-bound trading in several mid-cap industrial and commodity stocks, with the broader market firm early in the session.
NMDC said last week it signed a memorandum of understanding — a framework agreement — with the Colorado School of Mines to pursue research collaboration in mining, mineral processing and metallurgy, including the use of artificial intelligence and machine learning.
Artificial intelligence and machine learning are computer techniques that use data to spot patterns and improve decision-making, and are increasingly being applied to areas such as planning, equipment maintenance and process control.
The Hindu reported the collaboration is aimed at advanced mining technologies and critical mineral extraction, an area India has been trying to develop as demand rises for materials used in electronics and clean-energy supply chains.
The agreement sets out items such as implementation mechanisms, intellectual property sharing and dispute-resolution provisions, Business Standard reported, citing company disclosures.
It also stated there were no special rights such as board-appointment rights, and that the U.S. institution is not related to NMDC’s promoter group, meaning the arrangement is not treated as a related-party transaction.
Rajesh Bhosale, an equity technical analyst at Angel One, said the stock has “decisively broken above” a long consolidation band, and recommended buying NMDC with a target of 92 rupees. Business Standard
On Monday, NMDC was quoted at 83.17 rupees, up 0.56 rupee, after touching 84.15 earlier in the session, according to exchange data carried by Moneycontrol.
NMDC is engaged in exploration and production of iron ore and also has diamond production, sponge iron sales and wind-power generation, Business Standard said.
The company’s consolidated net profit rose 40.2% to 16.99 billion rupees in the September quarter, while revenue from operations increased 29.7% to 63.78 billion rupees, Business Standard reported.
The stock’s 52-week low is 59.53 rupees, Moneycontrol data showed.
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