Buy National Aluminium Company, target price Rs 135: Kotak Securities

Kotak Securities has buy call on National Aluminium Company with a target price of Rs 135. The current market price of National Aluminium Company is Rs 128.9. 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 23692.55 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 31-12-2021, the company reported a Consolidated Total Income of Rs 3845.25 Crore, up 5.80 % from last quarter Total Income of Rs 3634.59 Crore and up 59.23 % from last year same quarter Total Income of Rs 2414.95 Crore. Company reported net profit after tax of Rs 830.86 Crore in latest quarter.

Investment Rationale
Rising channel chart formation with Higher High and Higher Low suggest up move likely to continue.

Promoter/FII Holdings
Promoters held 51.28 per cent stake in the company as of 31-Dec-2021, while FIIs owned 13.3 per cent, DIIs 10.38 per cent.