New Delhi, Nov. 14 -- Shares of PSU ended marginally lower on Friday, November 13, reversing all its gains made over the previous sessions in the week. Volatility in the PSU stock coincided with the announcement of second quarter results for the financial year 2026-27.

The government-backed iron ore mining giant is likely to see an uptick in volume in the second half of financial year 2026-27 as supplies have now normalised after monsoon-led logistic disruption, according to Nuvama which sees nearly 42% upside potential in the stock.

NMDC reported lower-than-expected second quarter EBITDA of Rs.19.4 billion, which is down 3% on an annual basis. However, EBITDA/t was marginally lower by Rs.17/t on an annual basis to Rs.1,853, weighed by ...