India's NALCO gains; Axis Securities expects alumina sales to boost earnings in Q4

National Aluminium

12/02/2025 09:47

** Shares of National Aluminium Company (NALCO)  NALU.NS 
rise 3% to 188.80 rupees
    ** Axis Securities expects Q4 to be good quarter for NALU on
strong alumina sales volumes and realisation
    ** Axis Securities maintains "buy" rating on stock but cuts
PT to 220 rupees from 250 rupees
    ** NALU beat quarterly profit estimates on Monday, aided by
strong commodity prices
    ** However, Axis flags moderation in FY26 earnings growth on
lower alumina prices, expected from June quarter onwards
    ** Analysts have avg rating of 'buy' with avg PT of 228.70
rupees on NALU
    ** NALU rose 60.4% in 2024

 (Reporting by Vijay Malkar)
 ((VijayDattaram.Malkar@thomsonreuters.com;))