BUZZ-India's NALCO gains; Axis Securities expects alumina sales to boost earnings in Q4
ReutersFeb 12, 2025 9:47 AM
Shares of National Aluminium Company (NALCO) NALU.NS rise 3% to 188.80 rupees
Axis Securities expects Q4 to be good quarter for NALU on strong alumina sales volumes and realisation
Axis Securities maintains "buy" rating on stock but cuts PT to 220 rupees from 250 rupees
NALU beat quarterly profit estimates on Monday, aided by strong commodity prices
However, Axis flags moderation in FY26 earnings growth on lower alumina prices, expected from June quarter onwards
Analysts have avg rating of 'buy' with avg PT of 228.70 rupees on NALU
NALU rose 60.4% in 2024
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