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10-Aug2017

NALCO declines on reporting 5% fall in Q1 net profit

National Aluminium Company (NALCO) is currently trading at Rs. 67.15, down by 3.20 points or 4.55% from its previous closing of Rs. 70.35 on the BSE.

The scrip opened at Rs. 68.40 and has touched a high and low of Rs. 69.00 and Rs. 65.45 respectively. So far 363763 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 79.85 on 07-Mar-2017 and a 52 week low of Rs. 42.95 on 29-Sep-2016.

Last one week high and low of the scrip stood at Rs. 73.25 and Rs. 66.15 respectively. The current market cap of the company is Rs. 12902.30 crore.

The promoters holding in the company stood at 65.36%, while institutions and non-institutions held 24.66% and 9.98% respectively.

NALCO has reported fall of 4.50% in its net profit at Rs 128.94 crore for the quarter ended June 30, 2017 as compared to Rs 135.01 crore for the same quarter in the previous year.  However, total income of the company increased by 10.99% at Rs 1997.43 crore for Q1FY18 as compared Rs 1799.72 crore for the corresponding quarter previous year.

NALCO has the largest integrated alumina-aluminium complex of Asia. Its integrated operations cover the entire aluminium production value chain from mining bauxite, refining alumina, smelting aluminium, captive power generation to a strong logistic network in terms of rail & port facilities, coal mining and handling plant to support its operations and to become one of the most cost-efficient aluminium companies across the globe.


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