India's NALCO hits all-time high on record production numbers

National Aluminium

03/04/2024 05:28

** Shares of National Aluminium Co (NALCO)  NALU.NS  rise
5.1% to a record high of 174.70 rupees 
    ** Co records highest-ever cast metal production, metal
sales and bauxite excavation in FY23-24
    ** Stock on a 4-day winning run in which it has gained
~14.5%; has jumped ~32% YTD
    ** Trading vol in 1st hour almost as much as 30-day moving
avg
    ** Analysts median PT is 135 rupees, ~29% lower than record
high - LSEG data
    ** Analysts avg rating on NALU is "hold"

 (Reporting by Meenakshi Maidas in Bengaluru)
 ((meenakshi.maidas@thomsonreuters.com;))