National Aluminium Company fell 3.01% to Rs 35.40 at 09:20 IST on BSE after net profit rose 10.16% to Rs 131.03 crore on 2.26% decline in total income to Rs 1764.64 crore in Q3 December 2013 over Q3 December 2012.
The company announced the result after market hours on Wednesday, 29 January 2014.
Meanwhile, the BSE Sensex was down 189.95 points, or 0.92%, to 20,457.35.
On BSE, so far 9,315 shares were traded in the counter, compared with an average volume of 1.43 lakh shares in the past one quarter.
The stock hit a high of Rs 35.70 and a low of Rs 35.25 so far during the day. The stock hit a 52-week high of Rs 51.20 on 30 January 2013. The stock hit a 52-week low of Rs 24.10 on 6 August 2013.
The stock had underperformed the market over the past one month till 29 January 2014, sliding 3.95% compared with the Sensex's 2.58% fall. The scrip had, however, outperformed the market in past one quarter, rising 1.53% as against Sensex's 1.35% fall.
The mid-cap company has an equity capital of Rs 1288.62 crore. Face value per share is Rs 5.
State-run National Aluminium Company's (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 (GoI) holds 81.06% stake in Nalco (as per the shareholding pattern as on 31 December 2013).
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