Review

NATIONAL ALUMINIUM CO. LTD

Ticker : 532234
FV : ₹ 5
52-Week H/L : ₹ 130.60/50.80

We recommended National Aluminium Company Limited in volume no. 38, issue no. 19 (dated February 28, 2022) when the scrip was trading at Rs 112.05. On a consolidated basis, the company recorded net sales and other operating income at Rs 3,773.26 crore, higher by 58.62 per cent than Rs 2,378.79 crore reported in Q3FY21. The operating profit was recorded at Rs 1,262.51 crore in Q3FY22, a robust rise as compared to an operating profit of Rs 470.03 crore in Q3FY21. Q3FY22 recorded a net profit of Rs 830.86 crore in comparison to the net profit of Rs 239.81 crore in Q3FY21, giving a significant rise. The stock is currently close to its previous 52-week high price and has been trading in a bullish trend since the last couple of trading sessions. The company has given a decent return of over 135 per cent in a year's period while the stock jumped 15 per cent in 2022, so far. Hence, we recommend our investor-readers to BOOK PROFIT at Rs 126.10 with a gain of 12.53 per cent.