Navratna Metals PSU To Consider Dividend On Aug 12, Buy For TP Rs 234: SBI Securities

National Aluminium Co Ltd shares today declined 6.13% as Sensex witnessed steep decline of 2365 points to 78,616 on Monday. Current market price of NALCO shares on BSE is Rs 174.40 per share. Board of Directors of National Aluminium Co Ltd will hold meeting on August 12, 2024 to consider financial results for the quarter ended June 30, 2024. The Board will also consider the proposal of recommendation of final dividend for FY 2023-24. National Aluminium Co shares offered shareholders attractive returns of 82% in last 1-year and 124% in last 2-years. Its market capitalisation stood at Rs 32,067.59 crore. FII/FPI have increased holdings from 8.99% to 10.43% in June 2024 quarter. Life Insurance Corporation Of India - P & Gs Fund has 3.51% stake in NALCO with 64,471,776 shares of the company. Check more details below:

National Aluminium Co To Consider Results, Dividend On August 12: According to the regulatory filing of National Aluminium Co dated August 5, 2024, "Pursuant to Regulation 29 and Regulation 33 of SEBI (LODR) Regulations, 2015, we would like to inform that a meeting of the Board of Directors of the Company will be held on Monday, the 12th August, 2024 to inter-alia consider the followings:

(a) Unaudited (Standalone & Consolidated) Financial Results for the quarter ended 30.06.2024.

(b) Recommendation of Final Dividend for the FY 2023-24 for approval of shareholders in the ensuing Annual General Meeting."

NALCO Dividend History: NALCO announced 47 dividends since August 22, 2000. In last 1-year, NALCO announced an equity dividend amounting to Rs 4.00 per share. At the current share price of Rs 174.40, National Aluminium Company offers a dividend yield of 2.31%.

National Aluminium Co Share Performance: The 52-week high price of NALCO share on BSE is Rs 209.60 per share (as on 09/07/2024) and 52-week low price is Rs 86.23 apiece (as on 18/08/2023). The company has a market capitalisation of Rs 32,067.59 crore. NALCO shares declined over 9% in last 1-week, fell 13% in last 1-month, soared 27% year-to-date, jumped 80% in last 3-years, and gained 304% in last 5-years.

Should You Buy NALCO Share? Brokerage firm SBI Securities has buy call on NALCO shares with target price of Rs 234 and target time of 12 months.

About: National Aluminium Company Limited (NALCO) is a Schedule 'A' Navratna CPSE established on 7th January, 1981 having its registered office at Bhubaneswar. It is one of the largest integrated Bauxite-Alumina-Aluminium- Power Complex in the Country. At present, Government of India holds 51.28% of paid up equity capital.

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