Firmness prevails in Nalco counter on price hike buzz

Meanwhile, the BSE Sensex was up 25.08 points, or 0.13%, to 19,330.40.

On BSE, 37,000 shares were traded in the counter as against an average daily volume of 72,849 shares in the past one quarter.

The stock hit a high of Rs 49.75 and a low of Rs 48.50 so far during the day. The stock had hit a 52-week high of Rs 68.45 on 16 February 2012. The stock had hit a 52-week low of Rs 44 on 26 November 2012.

Shares of National Aluminium Company (Nalco) have risen 6.15% in two sessions from Rs 46.35 on Friday, 30 November 2012. The stock had outperformed the market over the past one month till 3 December 2012, rising 4.06% compared with the Sensex's 2.93% rise. The scrip had, however, underperformed the market in past one quarter, falling 2.11% as against Sensex's 11.05% rise.

 

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

According to reports, the price of standard aluminium ingots after the latest hike has risen to Rs 1.43 lakh per tonne.

National Aluminium Company (Nalco) revises product prices at regular intervals to reflect prices in the global commodity market.

Nalco's net profit fell 96.56% to Rs 4.78 crore on 0.1% rise in net sales to Rs 1585.92 crore in Q2 September 2012 over Q2 September 2011.

State-run Nalco is an integrated aluminium maker, with its activities encompassing bauxite mining, alumina refining, aluminium smelting and casting, power generation, rail and port operations. The Government of India holds 87.15% stake in Nalco as per the shareholding pattern as on 30 September 2012.

Powered by Capital Market - Live News