News for National Aluminium Company Limited (NATIONALUM.BO)

Indian markets fell for the fifth straight session, with IT, energy, and metal stocks facing heavy selling. Analysts predict further correction, with Niftys support at 22,450 and resistance around 22,700, indicating short-term bearish sentiment.

Fortis Healthcare Ltd., Blue Star Ltd., and 360 ONE WAM Ltd. are among the Indian companies added to the FTSE All-World Index. Other additions to the index include Ajanta Pharma Ltd., Apar Industries Ltd., Bajaj Housing Finance Ltd., BSE Ltd., Central Depository Services (India) Ltd., Crisil Ltd., Fertilisers and Chemicals Travancore Ltd., IndusInd Bank Ltd., Kaynes Technology India Ltd., National Aluminium Company Ltd., and Premier Energies Ltd.

Nalco's price-driven earnings may peak out soon but the structural cost advantage from captive coal is expected to remain, said ICICI Securities.

Stocks including LIC, Bharat Electronics, Vedanta, Glenmark Pharma, Cipla, FirstCry, NHPC, VA Tech Wabag and more will be in the spotlight on Monday, February 10.

NALCO's shares rise after signing Mining Lease Deed for Utkal-D and Utkal-E Coal Blocks in Odisha, boosting coal production.

PSU stocks, including RVNL, Cochin Shipyard, and Mazagon Dock, saw substantial growth in 2024, outperforming benchmark indices. Driven by low valuations, revenue visibility, and improved performance, some became multibaggers. However, Q1FY25 earnings disappointments led to a recent downturn. Analysts predict market volatility in 2025 but remain optimistic about PSU sectors tied to government spending.

Stock Market today | Share Market Live Updates - Find here all the live updates related to Sensex, Nifty, BSE, NSE, share prices and Indian stock markets for December 3, 2024.

Socks to buy today, 3 December 2024: National Aluminium Company (₹243.25) - Investors can buy at ₹243 and to accumulate at ₹232, with a stop-loss set at ₹225.

Data compiled from an Emkay report shows that the aggregate adjusted PAT growth of BSE 500 companies declined by 0.5% year-on-year. Comparatively, the earnings growth was 3.2% in the June 2024 quarter and 41.6% year-on-year in the corresponding period of the previous year. The performance deteriorates further if the financial sector companies are excluded as the adjusted net profit growth contracts to 9.8% year-on-year. The energy sector significantly dragged the overall earnings growth whereas healthcare and industrial sectors provided support.

14 BSE PSU index stocks rebounded from 52-week lows after Q2FY25 earnings, with five emerging as multibaggers. NALCO led profit growth, while Coal India's revenue surged. The BJP's election results impacted performance, but some stocks like BEL and SBI remained positive. Analysts are bullish on select PSUs, particularly banks, citing undervaluation and growth potential.

The BJP-led alliance's Maharashtra win has renewed interest in PSU stocks, with momentum expected to build ahead of the Union Budget. While 39 of 59 BSE PSU index stocks fell post-June, notable gainers include NALCO (+62%), Mazagon Dock (+49%), and NTPC (+20%).

An analyst from Arihant Capital is observing that prices of PNB have taken support at Rs 94 level after a prolonged downtrend and are in making higher highs on the daily chart.

After a Thursday collapse, Indian equity markets rebounded strongly on Friday helped by buying trends across sectors with IT and bank heavyweights throwing their weights around.

Over 34 companies will have their shares trade ex-dividend, with actions such as dividend payouts, bonus issues, amalgamations, and stock splits scheduled for the next five days.

NALCO's shares surge 9% as Q2 net profit quintuples to ₹1,062 crore, total income grows 32%.

Experts feel current market dynamics are favourable for gold, driven by several factors

Bizongo will distribute NALCO's non-ferrous products through its B2B marketplace BizongoBuy and offer financing via BizongoFin

Indian equity benchmarks today logged a decent uptick, led by gains in banks, financials, consumer, IT and realty stocks. Broader markets (mid- and small-cap shares) also remained positive.

Stocks to buy today, 17 September 2024: Buy NALCO, its share price can rise to ₹215