Mishra Dhatu Nigam Ltd

Stage 2 · Advancing · week 3Setup 5.6 ★ FairEven -3.8

As of 16 Oct 2026, Mishra Dhatu Nigam is in Stage 2 — advancing, the uptrend phase, in week 3 (since 30 Sep 2026). It closed at ₹420, 12.0% below its 52-week high and above its 200-day average, which is rising. In Materials, 34.1% of stocks are in Stage 2.

Mishra Dhatu Nigam Limited manufactures and sells super alloys, titanium, special purpose steel, and other special metals in India and internationally. More about the company

₹419.7
+0.38% today
₹7,862 Cr · Mid cap
Market Neutral — FadingMaterials 34.1% in Stage 2-2.9 pts / 20dMetals - Diversified 37.5%+18.8 pts

Pro read

Pro

Our read

Early entry — still early enough in its move

Setup score

5.6 ★ Fair

Momentum

Steady

Edge

Even -3.8

Setup-score rank among Stage 2 peers: #3 of 6 in Metals - Diversified · #66 of 155 in Materials

Is MIDHANI early, or has it already run? Pro answers that for every NSE stock, after every close.

₹2,999 · 12 months₹1,999 · 6 months
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vs 52W High
-12.0%
₹270.5 lo₹477 hi
12.0% below 52W high — pullback range
How far this stock is from its 52-week high. A pullback of 3–20% while Stage 2 structure holds is typically a better entry than chasing near the high.
Stage Maturity
Week 3
1w13w26w
Week 3 — fresh breakout, verify structure
How long this stock has been in Stage 2. The sweet spot is mid-run — enough time to prove the structure holds, not so long it's extended. Very fresh (wk 1–4) often needs more time to confirm.
vs 200 DMA
8.0%
200 DMA: ₹388.7 · rising
Long-term trend anchor. When stock and Nifty are both above their 200 DMA, the macro backdrop supports continuation.
Rel Volume
0.22x
vs 50-day avg
Low vol (0.5–1x) on pullbacks = resting, not being sold. High vol on breakouts = commitment. Volume spike on down days is a warning sign.
Trend Health
↗
MA20 gently rising · +0.8% vs MA50 +2.3%
Two-layer momentum read: the glyph shows whether the 20-day MA is rising (↑/↗), flat (→), or rolling over (↓). The ⇈ flag fires when the 20-day MA is pulling away from the 50-day MA — short-term momentum building on top of the longer trend. Best when both glyphs agree.
1M
+5.1%
3M
+2.9%
6M
+14.8%
YTD
+36.2%
1Y
+9.9%
Sector
Materials
↓ Peaking
Stage 2%
34.1%
20d Δ
-2.9pp
1M return
-1.6%
3M return
-2.6%
Sector Stage-2 % · last 20 days
This stock ranks #90 of 153 Stage 2 stocks in Materials by RS.
Industry
Metals - Diversified
↑ Building
Stage 2%
37.5%
20d Δ
+18.8pp
1M return
-2.6%
3M return
-6.1%
Industry Stage-2 % · last 20 days
Ranks #4 of 6 Stage 2 stocks in this industry.
Stage Cycle Timeline2023-07-20 → 2026-10-16
S2 17w
S2 14w
S4 32w
S3 16w
S2 14w
2023-07-202026-10-16
S1S2S3S4Setup score (0–10, dashed line at 5)
S2 17w → S3 9w → S2 8w → S3 9w → S2 14w → S3 4w → S4 32w → S1 4w → S2 10w → S3 16w → S4 9w → S1 6w → S4 6w → S1 3w → S2 14w → S3 4w → S2 2w current
Total tracked: 168 weeks across 17 stage runs.
Scan Membership
Prop Scan
Latest: 2026-10-12
Breakout Watch
Latest: 2026-09-30
Pullback Hunter
Latest: 2026-09-01
53 appearances in last 60 days. First seen: 2024-01-24.
A stock that keeps qualifying week after week does so because its Stage 2 structure keeps holding — staying power in the scan says more about the trend than any single appearance.
Recent Stage Timeline
2026-10-16S2
Wk 3 · Vol 0.22x
2026-10-15S2
Wk 3 · Vol 0.44x
2026-10-14S2
Wk 2 · Vol 0.14x
2026-10-13S2
Wk 2 · Vol 0.21x
2026-10-12S2
Wk 2 · Vol 0.18x
2026-10-09S2
Wk 2 · Vol 0.23x
2026-10-08S2
Wk 2 · Vol 0.31x
2026-10-07S2
Wk 1 · Vol 0.44x
2026-10-06S2
Wk 1 · Vol 1.02x
2026-10-05S2
Wk 1 · Vol 0.46x
2026-10-01S2
Wk 1 · Vol 0.40x
2026-09-30S23→2
Wk 1 · Vol 0.98x
Sector Peers — Stage 2All →
OCCLLTD
wk 17 · -16.3% from hi
9.0
MUKANDLTD
wk 21 · -7.5% from hi
8.9
SUNFLAG
wk 3 · -9.3% from hi
8.8
CUBEXTUB
wk 2 · 0.0% from hi
8.7
NRL
wk 17 · 0.0% from hi
8.6
Moving averages & range
50 DMA
₹427.5
200 DMA
₹388.7
52W High
₹477
52W Low
₹270.5
5D Low
₹418.1
Resistance levels (recent highs)
20d High
₹462.4
60d High
₹477
120d High
₹477
250d High
₹477
Next resistance
+10.2%
to 20d High
Ask the Market AI about MIDHANIAsk →
P/E (TTM)
71.2
Forward 44.8
Earnings Growth (YoY)
+8.8%
Revenue +15.8%
Dividend Yield
0.39%
P/B 5.4
About this companyMaterials· Metals - Diversified

Mishra Dhatu Nigam Limited manufactures and sells super alloys, titanium, special purpose steel, and other special metals in India and internationally. The company provides special steels, including martensitic, special, austenitic, and precipitation hardening steels for use in aerospace, power generation, nuclear, defence, cryogenic, and other general engineering industries. It also offers nickel, cobalt, and iron-based superalloys; titanium and titanium alloys, soft magnetic, controlled expansion alloys; investment castings products; bars, bright bars, and wires/fine wires; and hot and cold rolled sheets, and strips, as well as open die forging products. In addition, the company offers welding consumables, fasteners, biomedical implants, and armour products. Mishra Dhatu Nigam Limited was incorporated in 1973 and is based in Hyderabad, India.

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All analytics based on EOD data. Data as of 2026-10-16. Past data patterns are not indicative of future results. This page is a data analytics tool only.