Nalco (Rs. 125.00) (Code: 532234) :- Shares of this A group listed aluminium company touched a 52-week high of Rs. 128 and low of Rs. 48.
Promoter holding in the company is 51.28%. Nalco has a market cap of Rs. 23,123 crore. Nalco is a Navratna company operating since 1981. It has presence across the entire value chain from bauxite mining, alumina refining, aluminium smelting, power generation, to downstream products. It is a leading low-cost aluminium and bauxite producer. The company had issued bonus shares in a 1:1 ratio in 2021 and also split its shares into two shares of Rs. 5 each. Its equity is Rs. 918 crore and reserves Rs. 9760 crore. For the quarter ended December 2021, it reported consolidated revenue of Rs. 3773 crore and profit of Rs. 830 crore.
The figures were Rs. 2414 crore and Rs. 239 crore in the corresponding period of last year. Aluminium prices are up 14% in the international markets this year and touched a 13-year high of $3200 per tonne earlier this week.
The stock can be seen touching Rs. 145-150 levels in the short to medium term.
