NALCO shares gains over 4% with strong Q2 results, PSU stock declares dividend

National Aluminium Company (NALCO) stock has increased by 3.5%, outperforming the sector by 2.33%, following strong Q2 FY25 results. This positive trend reversal comes after three consecutive days of decline, suggesting a potential upward movement for the stock.

Today, the stock opened with a gain of 4.55% and reached an intraday high of Rs 230, demonstrating significant volatility with an intraday volatility of 103.88%. This figure is based on the weighted average price, which is higher than the 50-day, 100-day, and 200-day moving averages but lower than the 5-day and 20-day moving averages.

Compared to the Sensex, NALCO has shown impressive results over the last day and month, with gains of 3.50% and 0.44%, respectively, while the Sensex has only increased by 0.08% during the same period. This highlights the company's strong performance and potential for growth in the aluminium industry.

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The shares gained 4.9 percent in trade on Thursday and registered an intraday high of Rs 230.75 per share on BSE. The stock was in demand after the company posted around a five-fold increase in Q2FY25 profit.

In comparison, the BSE Sensex was up 0.07 percent at 77,746.55. The market capitalization of the company stood at Rs 41,223.2 crore. The 52-week high of the stock was at Rs 248 per share on BSE and the 52-week low was at Rs 90.1 per share.

The Board of Directors has approved payment of interim dividend @ Rs.4/? per share (80% on Face value of Rs.5/? each) on the paid?up equity share capital of Rs.918.32 crore for the financial year 2024?25.

The Company has fixed Friday, the 29th of November, 2024 as the Record Date for payment of the above Interim Dividend for the financial year 2024?25 to the eligible shareholders.  The interim dividend payment shall be made on 11.12.2024 to all eligible shareholders, whose names appear in the Register of Members as on Record Date.

 

 

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