India's Nalco, Hindustan Copper up on JV's pact with CAMYEN SE for mining lithium

National Aluminium

16/01/2024 04:26

** Shares of National Aluminium Co (Nalco)  NALU.NS  and Hindustan Copper
 HCPR.NS  rise nearly 5% and 4%,respectively 
    ** Nalco on Monday said KABIL and Argentina’s CAMYEN SE sign agreement for
exploration and mining of lithium
    ** KABIL, the JV company was set up with participation of Nalco, Hindustan
Copper and Mineral Exploration Co for exploration of critical minerals 
    ** Nalco hits record high and on track for a 3rd straight session of gains
    ** HCPR on track to snap a 4-day losing streak, if trend holds
    ** Avg of analysts covering NALU have rated it "buy" - LSEG data; median PT
of 101 rupees is below current market price
    ** NALU had risen 64% last year; HCPR had marked its biggest yearly gain in
2023 (+150%)

 (Reporting by Yagnoseni Das in Bengaluru)
 ((Yagnoseni.Das@thomsonreuters.com; +91 6001289066;))