NALCO Share Price or National Aluminium Company shares has gone up by 4% after Q3 results. On 11th February the company share opened at Rs 195.44 on BSE. That is a nearly 2% gain from the previous day’s closing. What are the targets for today? Let’s find out in this article.
NALCO Share Price in Today’s Market
On 11th February Tuesday Nalco Share Price opened at Rs 195.44 and reached up to Rs 198.28 per share. But again it dipped and currently trading around Rs 189.89 on 12 PM. The total market cap for the company is currently Rs 34890.50 Cr, with a P/E ratio of 8.19.
Company Financials
Recently NALCO has released its Q3 reports where profits can be seen tripled compared to last year. Previously profit was Rs 470.6 Crore which has reached Rs 1566.3 Crore this year. Total revenue as also increased significantly to Rs 4662.2 Crore which is 39.3% higher than previous year this quarter.
Recent News on NALCO Share
- The company has reported more than 300% growth in Q3 year on year. Total revenue has also jumped by 39.3%
- Net Profit and Revenue in Q3 was Rs 3246 Crore and Rs 11520 Crore respectively.
- Brijendra Pratap Singh, Chairman and MD of NALCO talked about improving process efficiency, reduction in input cost, and make product more better in quality has played a big role in improving the company financials.
- Total sale of Alumina and Metal were increased. An increase in alumina sales, captive coal utilization, and low raw material costs has been a big reason for improvement Mr. Briendra added.
- The company is going to pay 2nd interim dividend on coming 14th February
Recommendation on NALCO Share Buy, Hold, or Sell?
Consensus has recommended ‘Hold’ tag on NALCO. Also they have mentioned a target of Rs 255.30. Keep in mind this is only a recommendation by analysts. Investors should do his/her own research before investing in any stocks.
