Buy National Aluminium Company, target price Rs 107: Yes Securities

Yes Securities has buy call on National Aluminium Company with a target price of Rs 107. The current market price of National Aluminium Company is Rs 100.85.

Time period given by analyst is Intra Day when National Aluminium Company Ltd. price can reach defined target.

National Aluminium Company Ltd., incorporated in the year 1981, is a Mid Cap company (having a market cap of Rs 18531.61 Crore) operating in Metals - Non Ferrous sector.


National Aluminium Company Ltd. key Products/Revenue Segments include Aluminium, Alumina, Other Operating Revenue, Wind Power for the year ending 31-Mar-2021.


Financials
For the quarter ended 30-09-2021, the company reported a Consolidated Total Income of Rs 3634.59 Crore, up 45.02 % from last quarter Total Income of Rs 2506.29 Crore and up 51.50 % from last year same quarter Total Income of Rs 2399.05 Crore. Company reported net profit after tax of Rs 747.70 Crore in latest quarter.

Investment Rationale
Swift rally in the prior week and sustenance above short-term averages ensures immediate floor near Rs 98 for the stock. Positive follow-up action is expected to lift the stock to Rs 107 zone.

Promoter/FII Holdings
Promoters held 51.28 per cent stake in the company as of 30-Sep-2021, while FIIs owned 15.22 per cent, DIIs 10.33 per cent.