Navratna PSU Stock Under Rs 100 Set To Consider Dividend, Result: Buy Or Accumulate?

Board of PSU Navratna company National Aluminium Co Ltd will consider unaudited (standalone & consolidated) financial results for the quarter and half year ended September 30, 2023 on November 9. It will also consider interim dividend for FY 2023-24, if any. Last trading price of NALCO share on BSE is Rs 93.02 per share.

National Aluminium Co shares offered 205% return in last 3-years and declined 3.83% in last 1-month. Check details below:

National Aluminium Co To Consider Financial Results: The company issued a BSE filing on November 3 stating, "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 Thursday, the 09th November, 2023 to consider inter-alia the Unaudited (Standalone & Consolidated) Financial Results for the quarter and half year ended 30.09.2023."

National Aluminium Co To Consider Interim Dividend, If Any: As per the exchange filing of the company issued on November 3, "this is to inform you that the meeting of the Board of Directors of the Company scheduled to be held on Thursday, the 09th November, 2023 will also consider inter-alia Interim Dividend, if any for the financial year 2023-24."

National Aluminium Co Stock Performance & Return: Last trading price of NALCO share on BSE is Rs 93.02 per share with intraday fall of 0.41%. Its 52-week high price is Rs 106.30 per share and 52-week low price is Rs 70.00 per share, respectively. It has a market cap of Rs 17,084.35 crore. National Aluminium shares offered return of 13% in last 6-months, gained 31% in last 1-year, and fell 7% in last 2-years. In last 5 years, NALCO stock surged 34%.

Prabhudas Lilladher Recommends Accumulate Call: Leading brokerage firm Prabhudas Lilladher, in its report dated October 7, 2023, recommended accumulate call to NALCO share with target price of Rs 97 per share. "NALCO is likely to benefit from the commencement of Utkal D operations," said the analyst.

NALCO 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. The Company has been operating its captive Panchpatmali Bauxite Mines for the pit head Alumina refinery at Damanjodi, in the District of Koraput in Odisha and Aluminium Smelter & Captive Power Plant at Angul.

Disclaimer: 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.