Profit

BSE Code: | NSE Code: | ISIN: | Sector:

NSE
65.75
Change Change %
-2.95 -4.29%

Updated:21 Sep, 2018, 15:55 PM IST

BSE
65.70
Change Change %
-2.85 -4.16%

Updated:21 Sep, 2018, 16:01 PM IST

Research Report Detail

Brokerage
Analyst
Report Date Call Price@Call Target Price
Stop Loss
Current Status Time Horizon
Motilal Oswal
N/A
19-12-2016 Buy 62.15 77.00
N/A
Target Hit Long (1Y)
19-12-2017

Motilal Oswal maintains buy on NALCO

Motilal Oswal has maintained its 'buy' call on NALCO for target price of Rs 77. It expects NALCO's aluminum production to increase from 372,000 tons in FY16 to 441,000 tons by FY18, as it increases smelter utilization on improved domestic coal availability. Motilal Oswal adds that its alumina business is in the first quartile of the global cost curve and higher global alumina and coal prices will benefit NALCO, as it has 100 per cent captive alumina sourcing and depends on fixed price contracts for coal.

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