National Aluminium Company Ltd., incorporated in the year 1981, is a Mid Cap company (having a market cap of Rs 15602.19 Crore) operating in Metals – Non Ferrous sector.
Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 2874.47 Crore, up 19.03 % from last quarter Total Income of Rs 2414.95 Crore and up 40.75 % from last year same quarter Total Income of Rs 2042.27 Crore. Company reported net profit after tax of Rs 935.64 Crore in latest quarter.
Investment Rationale
The stock has already logged a resolute breakout from flag formation, indicating continuance of positive bias. It expects stock to resolve higher and head towards the target of Rs 93 in the coming weeks as it is the measuring implication of the Flag formation
Promoter/FII Holdings
Promoters held 51.3 per cent stake in the company as of March 31, 2021, while FIIs held 11.3 per cent, DIIs 14.2 per cent and public and others 23 per cent.
(Disclaimer: Views and recommendations given in this section are the analysts’ own and do not represent those of ETMarkets.com. Please consult your financial adviser before taking any position in the stock/s mentioned.
