Nalco slips after weak Q1 results

National Aluminium Company fell 2.18% to Rs 35.85 at 9:19 IST on BSE after net profit fell 39.68% to Rs 163.44 crore on 13.27% fall in total income to Rs 1622.03 crore in Q1 June 2015 over Q1 June 2014.

The result was announced after market hours yesterday, 12 August 2015.

Meanwhile, the BSE Sensex was up 263.43 points, or 0.96%, to 27,775.69.

On BSE, so far 33,000 shares were traded in the counter, compared with an average volume of 1.92 lakh shares in the past one quarter.

The stock hit a high of Rs 35.95 and a low of Rs 35.45 so far during the day. The stock hit a 52-week high of Rs 68.80 on 19 September 2014. The stock hit a 52-week low of Rs 34.90 on 3 August 2015.

The stock had underperformed the market over the past one month till 12 August 2015, sliding 6.15% compared with 0.54% fall in the Sensex. The scrip had also underperformed the market in past one quarter, falling 27.14% as against Sensex's 2.36% rise.

The mid-cap company has an equity capital of Rs 1288.62 crore. Face value per share is Rs 5.

National Aluminium Company (Nalco) is a Navratna CPSE under Ministry of Mines, Government of India. The company has integrated and diversified operations in mining, metal and power. Presently, Government of India holds 80.93% equity of Nalco.

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