National Aluminium Company Ltd (NALCO) (CMP: Rs 34, MCap: Rs 6,324 crore) beat Street expectations with its June 2020 quarter results. Lower cost in the aluminum segment and inventory gains helped the company put up a better show. Prices of both Alumina and Aluminium have recovered, post the March sell-off. We expect both Alumina and Aluminium markets to remain in surplus inventory due to the decline in demand, and thus there remains a downside risk to their prices. The recent...
Moneycontrol Pro Panorama | Global diversification and its side effects
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In today’s edition of Moneycontrol Pro Panorama: IT slowdown likely to get tougher, a glimmer of hope for rural jobs, central ba...
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The well-crafted and well-delivered budget got many ‘wows’, but Mr Market’s worry lines are not yet gone
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