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.
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 November 27, 2015, National Aluminium Company closed at Rs 39.80, up Rs 0.55, or 1.40 percent. The 52-week high of the share was Rs 61.65 and the 52-week low was Rs 28.00.
The company's trailing 12-month (TTM) EPS was at Rs 4.26 per share as per the quarter ended September 2015. The stock's price-to-earnings (P/E) ratio was 9.34. The latest book value of the company is Rs 49.66 per share. At current value, the price-to-book value of the company is 0.80.
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