NMDC Steel Share Price Target 2025: Will It Rebound from ₹39 to ₹85?
NMDC Steel (NSE: NSLNISP) is currently trading near ₹39.39 after a steep correction from its 52-week high of ₹59.59. With signs of technical exhaustion on the downside and oversold indicators flashing, many investors are asking: Can NMDC Steel bounce back and reach ₹85 by 2025?
Company at a Glance
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Name: NMDC Steel Ltd (NSLNISP)
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Sector: Steel & Iron
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Founded: 2015 (Demerged from NMDC Ltd)
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Business: Operates the 3 MTPA greenfield Nagarnar Steel Plant in Chhattisgarh
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Market Cap: Approx. ₹11,570 crore
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52-Week Range: ₹32.13 – ₹59.59
Current Price Action (As of July 23, 2025)
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Current Market Price (CMP): ₹39.20
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Daily RSI: 27 (Oversold)
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Money Flow Index (MFI): 34 (Weak demand)
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Price vs. 50-Day SMA: Slightly above
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Overall Trend: Sideways to bearish in weekly charts, but daily charts suggest a rebound is possible
Technical Levels to Watch
| Key Levels | Range (₹) |
|---|---|
| Strong Support | ₹38.00 – ₹39.00 |
| Immediate Resistance | ₹43.00 – ₹49.00 |
| Major Breakout Level | ₹59.60 (52-week high) |
Technical indicators such as RSI and MFI are showing signs of overselling, hinting at a near-term bounce if volumes support.
NMDC Steel Share Price Target 2025
| Timeframe | Target Range (₹) | Upside from ₹39.20 |
|---|---|---|
| Short-Term (3–6 mo) | ₹43 – ₹49 | 10% – 25% |
| Medium-Term (6–12 mo) | ₹59 – ₹65 | 50% – 66% |
| Long-Term (By 2025) | ₹85 (Bullish case) | ~117% |
Forecast models by DailyBulls and other financial portals estimate potential upside based on steel demand, production ramp-up, and a reversal from oversold levels.
Expert Insights & Strategy
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Buy Zone: ₹38 – ₹39
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Breakout Confirmation: Close above ₹43 with volume
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Profit Booking: ₹49, ₹59, and ₹85
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Stop-Loss: ₹36 (below major support)
Trading Tip: If the stock holds ₹38 support and breaks ₹43 with strength, it may trigger a mid-term uptrend.
Risks & Cautions
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Steel price volatility globally
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Execution delays at Nagarnar Plant
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Broader market corrections
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Bearish trend in weekly charts still intact
NMDC Steel appears to be forming a base near ₹38. With the stock currently oversold and technical levels showing a potential bounce, long-term investors may see value. If the company improves earnings visibility and broader steel demand remains strong, ₹85 by 2025 is an achievable target.
