NALCO may take years to hit Rs 68: Thununguntla

Jagannadham Thununguntla, strategist & head of research of SMC Global Securities told CNBC-TV18, “Metal is absolutely in pressure after the global slowdown and on top of that aluminium is nowhere in demand. At least if it is Tata Steel still there is always a hope that there is a revival of steel business as in the recent quarters it was quite good. But on the face of it National Aluminium Company (NALCO) I am not very comfortable. I think Rs 68 will take years to come.”