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The price crosses above 20-day moving average and MACD moves into a buy mode.
According to ICICI Direct, National Aluminium (Nalco) has consolidated in the range of Rs 30-35 in the last three months.
Nifty50 is attempting to touch a new high territory. However, volumes and open interest will probably not support it
Net Sales are expected to decrease by 18.4 percent Y-o-Y (down 12.3 percent Q-o-Q) to Rs. 2,425.7 crore, according to Kotak.
Bauxite transportation has gone up to 72.31 lakh MT, which is also highest ever since inception.
While the cost structure is certainly an advantage in the down cycle, today the LME aluminium price is well above Nalco’s cost of production.
Special Judge Vinod Kumar framed charges against all the accused for alleged offences under section 120-B (criminal conspiracy) of the IPC read with provisions of the Prevention of Corruption Act.
An auction of 5 percent stake in state-run National Aluminium was fully covered on Friday, provisional data from the National Stock Exchange showed.
In CNBC-TV18's popular show Bull's Eye, Saurabh Mittal, Swadeshi Credits shares trading strategy of the day.
PINC Research has come out with its report on metal space. The research firm recommends reduce rating on Hindalco.
Angel Broking is bearish on National Aluminium’s (NALCO) and has recommended sell rating on the stock with a target of Rs 77 in its May 31, 2011 research report.
National Aluminium Co Ltd (NALCO) will fall about 100,000 tonnes short of its production target of 1.68 million tonnes of alumina in the fiscal year to March, its finance director said, due to delays in refinery expansion.
