NALCO shares zoom 12% in 2 days on strong Q2 earnings, brokerage optimism. What should investors do?

NALCO shares zoom 12% in 2 days on strong Q2 earnings, brokerage optimism. What should investors do?

Shares of state-owned National Aluminium Company Ltd (NALCO) surged for the second consecutive session, rising as much as 2.1% on Tuesday to hit a high of Rs 262.90 on the BSE. The stock has gained 12% over the past two trading days, buoyed by strong September quarter earnings and investor optimism following robust financial performance. … Read more

Market Movers: What’s driving investors to NALCO, Hindalco’s counters?

Market Movers: What’s driving investors to NALCO, Hindalco’s counters?

MUMBAI: Aluminium stocks are proving to be the last man standing in the metal pack given the withering gains of steel stocks these past few weeks. While the rosy outlook for the sector has diminished towards the end of the year, investors seem particularly bullish that aluminium companies will maintain their stronghold. That bullishness was … Read more