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Weekly tactical pick | Nalco -- Favourable risk-reward at current market price

October 18, 2019 / 07:35 AM IST
Weekly tactical pick | Nalco -- Favourable risk-reward at current market price

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Moneycontrol Research National Aluminium Company (Nalco)'s stock continues to fall amid concerns over global aluminium prices as well as worries about the scarcity of coal. Recently, the company said its production had suffered because of the shortage of coal and a possible increase in production cost as the company is now forced to buy coal or electricity from the open market, which is relatively expensive. The stock corrected by more than 3% on Thursday (17th October). It now trades about 45%...

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