India's NALCO gains on Q2 profit surge

National Aluminium

14/11/2024 04:51

** National Aluminium  NALU.NS  rises 2.5%, snapping three
sessions of declines
    ** State-owned firm's Q2 consol profit jumps nearly
six-fold; rev from ops up ~32% y/y
    ** 32% fall in cost of raw materials, easing aluminum prices
and strong demand helped boost profit
    ** Stock rated "hold" on avg; median PT is 222 rupees, while
current price is 225.2 rupees - LSEG
    ** NALU up ~69% YTD

 (Reporting by Ashna Teresa Britto in Bengaluru)
 ((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))