Buy National Aluminium Company target Rs 80: Manas Jaiswal

Manas Jaiswal of manasjaiswal.com has buy call on National Aluminium Company with a target price of Rs 80.

The current market price of National Aluminium Company is Rs 72.7.

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

Manas Jaiswal recommended to keep stoploss at Rs 70.

National Aluminium Company, incorporated in the year 1981, is a Large Cap company (having a market cap of Rs 14052.39 crore) operating in Metals - Non Ferrous sector.

National Aluminium Company key Products/Revenue Segments include Aluminium which contributed Rs 4782.83 crore to Sales Value (65.79 % of Total Sales), Alumina which contributed Rs 2318.19 crore to Sales Value (31.89 % of Total Sales), Export Incentives which contributed Rs 82.30 crore to Sales Value (1.13 % of Total Sales), Electricity which contributed Rs 55.51 crore to Sales Value (0.76 % of Total Sales), Other Operating Revenue which contributed Rs 30.37 crore to Sales Value (0.41 % of Total Sales)for the year ending 31-Mar-2016.

For the quarter ended 31-03-2017, the company has reported a Standalone sales of Rs 2423.26 crore, up 23.40% from last quarter Sales of Rs 1963.81 crore and up 28.26% from last year same quarter Sales of Rs 1889.32 crore.

The company’s top management includes Dr.N K Singh, Mr.Basant Kumar Thakur, Mr.Dipankar Mahanta, Mr.K C Samal, Mr.Kiran Ghai Sinha, Mr.Maheswar Sahu, Mr.Pravat Keshari Nayak, Mr.S Sankararaman, Mr.Sanjib Kumar Roy, Mr.Subhash Chandra, Mr.Tapan Kumar Chand, Mr.V Balasubramanyam, Prof.Damodar Acharya. Company has Guha Nandi & Co. as its auditors. As on 31-03-2017, the company has a total of 1,932,928,884 shares outstanding.