BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Bank of America Merrill Lynch
|Closed|| Long (1Y)
Bank of America Merrill Lynch maintains buy on National Aluminium Company
BofAML has increased its FY15/16 estimated earnings per share for the company by 20 per cent and 21 per cent respectively. The brokerage says at current valuation of five times to FY16 estimated EBITDA, the stock appears attractive. It expects coal costs to be relatively stable for Nalco.