National Aluminium Company Ltd

NSE :NATIONALUM   BSE :532234  Sector : Non Ferrous Metals

About Company: National Aluminum Company Limited, abbreviated as NALCO, (incorporated in 1981) is a Navratna group ‘A’ CPSE. NALCO is engaged in the business of manufacturing and selling of Alumina and Aluminum. The Company is the lowest-cost producer of metallurgical grade alumina in the World and lowest-cost producer of Bauxite in the world as per Wood McKenzie report. The Company is operating a 22.75 lakh TPA Alumina Refinery plant located at Damanjodi in Koraput district of Odisha and 4.60 lakh TPA Aluminum Smelter located at Angul, Odisha.

New in Stock: National Aluminum Company consolidated net profit rises 830.99% in the March 2021 quarter as against Rs.100.51 crore during the previous quarter ended March 2020. Sales rose 45.75% to Rs.2821.48 crore in the quarter ended March 2021 as against Rs.1935.86 crore during the previous quarter ended March 2020.

For the full year net profit rose 853.84% to Rs.1299.41 crore in the year ended March 2021 as against Rs.136.23 crore during the previous year ended March 2020. Sales rose 5.71% to Rs.8955.79 crore in the year ended March 2021 as against Rs.8471.84 crore during the previous year ended March 2020

Daily Chart of National Aluminium Company Limited:

Technical Outlook of National Aluminum Company Limited:

Stock today zoomed 9% and closed at 80.05 on NSE. Technically stock looks at an attractive level, Chart Structure and setup indicates more upside in the stock in the next few trading sessions. Comparative Relative strength indicates momentum in the stock. It can trade volatile for the next few trading sessions. Also the Metals sector is up trending and is in momentum providing opportunity to enter the stock. Support zone for the stock is around 76 and hurdle lies around 82, We suggest swing traders and investors accumulate stock on dips around 76-77 for the target of 87-95 with stop loss placed below 70 on closing basis. Also markets approaching all time high, bull market may sustain till 16500 level as there is no signs for weakness in the overall market yet.