BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
Citi maintains buy on National Aluminium Company
Upgrade Nalco despite muted aluminium outlook. The stock trades at attractive valuation of 4 times its FY17 EV/EBITDA against 5-9 times for global peers. Further potential allocation of coal blocks can result in additional upside. Nalco is a likely divestment target of the government, which could be an overhang.