Prabhudas Lilladher Assigns Accumulate Call To Navratna Metal Stock, TP Rs 100

Prabhudas Lilladher has recommended accumulate rating to mid-cap metals-ferrous sector stock National Aluminium Co Ltd with target price of Rs 100 apiece. Earlier, this year the Navratna stock declared an interim dividend of Re 1/- per share on the face value of Rs 5/- each. The record date for interim dividend was November 22, 2023. Current market price of National Aluminium stock on BSE is Rs 93.89 apiece with intraday surge of 2.04%. Check details below:

National Aluminium Stock Performance & Return: Its 52-week high price is Rs 106.30 per share and 52-week low price is Rs 70.00 per share, respectively. The company has a market capitalisation of Rs 17,244.14 crore. National Aluminium shares witnessed a decline of 4.29% in last 3-months, gained 21% in last 1-year, soared 4.66% in last 2-years, and gained 136% in last 3-years.

NALCO Financials: The state-owned PSU on November 9, 2023 declared a surge of 49.3% in its consolidated profit to Rs 187.35 crore for September quarter as against the consolidated net profit of Rs 125.43 in the corresponding quarter of last year, as per its BSE filing. It announced its consolidated income during the July-Sept quarter at Rs 3112.02 crore as against Rs 3558.85 crore in the similar quarter of last year.

National Aluminium Co. Ltd Dividend: As per the BSE filing of the National Aluminium Co. Ltd issued on November 9, 2023, "Board of Directors in their meeting held today i.e. 09.11.2023 have approved payment of interim dividend @ Re.1/‐ per share (20% on Face value of Rs.5/‐ each) on the paid‐up equity share capital of Rs.918.32 crore for the financial year 2023‐24." The Company has fixed Wednesday, the 22nd November, 2023 as Record Date for payment of above Interim Dividend for the financial year 2023‐24 to the eligible shareholders. The payment of interim dividend shall be made on or before 07.12.2023 to all eligible shareholders, whose names appear in the Register of Members as on Record Date.

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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The stock has been picked from the brokerage report of Prabhudas Lilladher. Greynium Information Technologies, the Author, and the respective Brokerage House are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.