On the monthly timeframe, NALCO has formed a large bullish candlestick, which resembles a Bullish Engulfing pattern with a higher highs and higher lows formation, which is a positive sign

NALCO has given a consolidation breakout on the daily chart, suggesting a rise in optimism. Besides, the rally was backed by a rise in volume. The stock has sustained above the critical moving averages on the daily chart.

The payment of the second interim dividend will be made on or before March 31 to all eligible shareholders, whose names appear in the register of members as on record date.

The second interim dividend will be paid to those shareholders whose names appear as beneficial owners at the end of business on 21 March as per the beneficial owners position to be downloaded by NSDL and CDSL in respect of the shares held in the electronic form and as members in the registrar of members of the company,the company said

In Q3, steel companies also saw a decline in their profit, which led to a further fall in stock prices. Tata Steel in Q3 FY23 reported a consolidated net loss of Rs 2,224 crore for the December quarter, while the company had posted a profit of Rs 9,572 crore in the last-year same period

Yes, you will have volatility and commodity prices will be volatile but the supply side remains supportive structurally for the commodity basket.

Promoters held 51.28 per cent stake in the company as of June 30, 2022, while FIIs owned 16.71, DIIs 10.13 per cent.

National Aluminium Company, incorporated in the year 1981, is a Mid Cap company (having a market cap of Rs 15051.20 Crore) operating in Metals - Non Ferrous sector.

Consumer businesses are likely to drive growth for Reliance Industries. However, there is an upside risk to 02C earnings, said the note. RIL outperformed Nifty by 4% in the year 2022. The global investment bank forecasts 18% EBITDA growth in FY24E with 21% growth in retail.

Based on the rollover data, Nifty may stay on the positive side. For January Expiry, important levels to watch for are 18500 on the higher side whereas 17600 can act as support on the lower side.

National Aluminium Company Ltd., incorporated in the year 1981, is a Mid Cap company (having a market cap of Rs 15372.61 Crore) operating in Metals - Non Ferrous sector.

NALCO was the second biggest gainer in the futures & options segment, rising 6.5 percent to Rs 78.85 and formed strong bullish candle with healthy volumes. It has seen a breakout of horizontal resistance trend line adjoining November 16 and December 22 this year.

However, as per Trendlyne data, the highest target price for Jindal Steel goes up to Rs 730, while the average target price estimate is Rs 510, a downside of 10% from the current market price of Rs 109. Out of the 23 analysts covering the stock, 15 have strong buy and buy ratings, two have hold ratings, and six have strong sell and sell ratings.

In light of the fact that the market seems to be showing strong support near 18000 until this level is breached, we are able to conclude that this is should be a normal profit booking process.

National Aluminium Company Ltd., incorporated in the year 1981, is a Mid Cap company (having a market cap of Rs 13609.44 Crore) operating in Metals - Non Ferrous sector.

The consolidated income of the company during the July-September period dropped to Rs 3,558.83 crore, over Rs 3,634.59 crore in the year-ago period.

Biden administration is considering a ban on Russian aluminum in response to Russia’s military escalation in Ukraine

Prices of both ferrous and non-ferrous metals have declined 20 percent QoQ, volumes were soft while thermal coal prices moved up which impacted the profitability of the sector

The companys key customers include BHEL, Coal India, DMRC, EIL, Hindustan Zinc, L&T, NALCO, NTPC, ABB etc. Further, the company caters to marquee customers globally, ranging from the US, UK, UAE, Australia, Qatar, Germany, Belgium, Mauritius, Ethiopia and Kuwait.

Swastik Pipes is promoted by Sandeep Bansal, Anupama Bansal, Shashwat Bansal and Geeta Devi Aggarwal. The company has been a leading manufacturer and exporter of T.T. Swastik Band high-quality mild steel/carbon steel ERW black and galvanized pipes/tubes since 1973.

Despite inflationary pressure on various inputs, coal crisis, and uncertainty in LME (London Metal Exchange) prices, the company has been able to maintain the status of being the lowest cost producer of bauxite and alumina in the world

The company had recently filed a draft red herring prospectus (DRHP) with NSE Emerge.The company has been a leading manufacturer and exporter of TT Swastik Band high-quality Mild Steel/Carbon Steel ERW Black and Galvanized Pipes/Tubes since 1973. It has two plants in Haryana and Uttar Pradesh, with production capacity of 20,000 MT per month

Electric vehicles (EVs) in India have seen a growth of CAGR of 205% and 149% domestic sales volumes in two-wheelers and four-wheelers respectively during FY20-FY22, but persistent concerns around raw material availability are set to dampen the demand scenario in the coming years.

National Aluminium Company Ltd., incorporated in the year 1981, is a Mid Cap company (having a market cap of Rs 14472.66 Crore) operating in Metals - Non Ferrous sector.