Nalco jumps after robust Q1 results

National Aluminium Company rose 6.60% to Rs 71.85 at 9:31 IST on BSE after the company reported 432.8% rise in net profit to Rs 687.05 crore on 64.9% increase in net sales to Rs 2973.31 crore in Q1 June 2018 over Q1 June 2017.

The result was announced after market hours yesterday, 8 August 2018.

Meanwhile, the S&P BSE Sensex was up 96.85 points, or 0.26% to 37,984.41.

On the BSE, 5.85 lakh shares were traded in the counter so far compared with average daily volumes of 4.53 lakh shares in the past two weeks. The stock had hit a high of Rs 73.55 and a low of Rs 71.05 so far during the day. The stock hit a 52-week high of Rs 97.65 on 1 November 2017. The stock hit a 52-week low of Rs 56.55 on 16 July 2018.

National Aluminium Company (Nalco) has integrated and diversified operations in mining, metal and power. The Government of India held 56.17% stake in Nalco as per the shareholding pattern as on 30 June 2018.

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