As of 2:36 PM IST, NALCO's share was traded at INR 168 (USD 1.98), representing a notable increase of INR 11.16 or 7.12% from its previous close on May 10. The intraday performance signaled strong market momentum and heavy buying interest.
NALCO began the trading session at INR 162.39 (USD 1.91), up from its Friday close of INR 156.84 (USD 1.85). Throughout the day, it fluctuated between a low of INR 161.36 (USD 1.90) and a high of INR 168.64 (USD 1.99), eventually closing at INR 168.46 (USD 1.99), ranging between a 52-week low of INR 137.75 (USD 1.62) and a 52-week high of INR 262.99 (USD 3.10).
This price surge has notably increased NALCO's market capitalisation, which now stands at INR 30,860 crore. The company boasts a compelling Price to Earnings (P/E) ratio of 7.35 and offers a solid dividend yield of 5.95%, making it an attractive option for investors.
Meanwhile, Vedanta and Hindalco closed at INR 435.50 (USD 5.13) and INR 651.25 (USD 7.67), respectively.
Overall, NALCO, Hindalco, and Vedanta’s strong rally reflects bullish investor sentiment and a renewed confidence in the metals and mining sector. However, investors are likely to keep a close eye on such sharp movements for future market signals.
