Buy National Aluminium Company, target price Rs 122: IIFL

IIFL has buy call on National Aluminium Company with a target price of Rs 122. The current market price of National Aluminium Company is Rs 116.05.


Time period given by analyst is Intra Day when National Aluminium Company Ltd. price can reach defined target.

National Aluminium Company Ltd., incorporated in the year 1981, is a Mid Cap company (having a market cap of Rs 21314.11 Crore) operating in Metals – Non Ferrous sector.

National Aluminium Company Ltd. key Products/Revenue Segments include Aluminium, Alumina, Other Operating Revenue, Wind Power for the year ending 31-Mar-2021.

Financials


For the quarter ended 30-09-2021, the company reported a Consolidated Total Income of Rs 3634.59 Crore, up 45.02 % from last quarter Total Income of Rs 2506.29 Crore and up 51.50 % from last year same quarter Total Income of Rs 2399.05 Crore. Company reported net profit after tax of Rs 747.70 Crore in latest quarter.

Investment Rationale

Stock has given a cup and handle breakout.

Promoter/FII Holdings

Promoters held 51.28 per cent stake in the company as of 31-Dec-2021, while FIIs owned 13.3 per cent, DIIs 10.38 per cent.

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