Time period given by analyst is Intra Day when National Aluminium Company Ltd. price can reach defined target.
National Aluminium Company Ltd., incorporated in the year 1981, is a Mid Cap company (having a market cap of Rs 17337.80 Crore) operating in Metals – Non Ferrous sector.
National Aluminium Company Ltd. key Products/Revenue Segments include Aluminium, Alumina, Wind Power, Other Operating Revenue for the year ending 31-Mar-2020.
Financials
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 2506.29 Crore, down -12.81 % from last quarter Total Income of Rs 2874.47 Crore and up 77.26 % from last year same quarter Total Income of Rs 1413.92 Crore. Company reported net profit after tax of Rs 347.73 Crore in latest quarter.
Investment Rationale
With sustained move above short term averages, the series of ascending tops and bottoms remains intact. Appearance of a bullish candle at current juncture is likely to resume uptrend.
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.
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