Key Points
Multibagger stock NALCO ( National Aluminium Co. Ltd. ) share price gained more than 5% during the intraday trades on Wednesday on strong business updates..
The company in its release on the exchanges on Tuesday post market hours said that it had achieves record Aluminium and Bauxite production during FY24 and set a record in production and sales..
NALCO (National Aluminium Company) Alumina Refinery produced 21,24,000 metric tons of alumina hydrate, achieving a 101.15% capacity utilization, and the Captive Power Plant produced a gross of 7193.62 million units of power..
The sales volume of alumina, for NALCO (National Aluminium Company) which was approximately 343,000 tonnes, increased by 19.5% YoY and significantly by 52.1% sequentially during Q3. However the predicted 114,000 aluminum sales volume was down 3% sequentially and flat YoY, with fewer deliveries of aluminum to export and greater alumina exports in succession..
Analysts at Antique Stock Broking post Q3 had said that in the back of Nalco's integrated business strategy, attractive dividend yield, and steady outlook for aluminum and alumina prices (bolstered by constrained supply), they continue to be optimistic about the company..
