PiyushBaid
Long

Long NALCO with Target of 90 and SL 79.5

NSE:NATIONALUM   NATIONAL ALUMINUM
1.Aluminum company Nalco had reported bumper Q2 results last week, with a close to two-fold rise in net profit at Rs             234.63 crore for the quarter ended September 30, compared a net profits of Rs             . 121.2 crore in the same quarter last year.
2.With China cracking down on illegal and highly polluting aluminum producers under new environmental norms, aluminum prices are expected to remain high, a boost to producers like Nalco. Additionally, higher bauxite and caustic soda pricing is also expected to impact aluminum pricing.
3.Nalco has now said that it is looking to expand its mineral explorations in Africa, through a JV with Mineral Exploration Corporation (MECL) and Hindustan Copper             ( HCL             ).
4.The companies have identified twelve "strategic minerals" - including tin, tungsten and titanium - that are not significantly available in India, but have deposits in South Africa and other African countries. The planned JV, Khanij Bidesh India, will explore possible sources in the region.
EN English (IN)
EN English
EN English (UK)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out