State-run National Aluminium Co Ltd (NALCO) has raised aluminium prices by 2,000 rupees per tonne for all products in the domestic market, effective December 14, company sources said on Saturday.
State-run National Aluminium Co Ltd ( NALCO ) has raised aluminium prices by Rs 2,000 per tonne for all products in the domestic market, effective December 14, company sources said on Saturday.
The basic price of standard aluminium ingots after the latest revision increased to 145,700 rupees per tonne, said sources who declined to be identified, in line with company policy.
NALCO, India's third-largest producer of aluminium, revises product prices from time to time to mirror London Metal Exchange prices. It last raised aluminium prices across all products by 4,500 rupees per tonne on December 1.
NALCO stock price
On August 22, 2014, National Aluminium Company closed at Rs 56.50, up Rs 3.90, or 7.41 percent. The 52-week high of the share was Rs 63.50 and the 52-week low was Rs 28.00.
The company's trailing 12-month (TTM) EPS was at Rs 2.92 per share as per the quarter ended June 2014. The stock's price-to-earnings (P/E) ratio was 19.35. The latest book value of the company is Rs 48.79 per share. At current value, the price-to-book value of the company is 1.16.
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