Nalco

NALCO shares have given healthy returns in the near term despite volatility in the Indian stock market. The PSU stock has gained nearly 9.15% in five sessions and 29% in a month.

The Indian stock market fell over 0.40% on November 21 due to broad-based selling, particularly in metal and banking stocks. The Nifty 50 closed at 26,078 points, while the Sensex lost 0.47%. Despite this, both indices ended the week higher with gains over 0.60%.

Nalco's stock climbed to ₹271.90, achieving an 16% gain in four days after strong Q2 results. The company reported a 37% increase in net profit and plans significant capital expenditure for future expansions, while brokerages have raised target prices.

The Indian stock market saw gains on November 11, with the Nifty 50 up 0.47% and Sensex 0.38% higher, driven by banking stocks. Mixed results were noted in broader markets, while optimism grew over potential US-India trade deals amid US Senate funding restoration.

Indian benchmark indices ended higher on November 10, with Nifty 50 rising 0.32% and Sensex gaining 0.38%. Tech stocks led the gains amid positive global cues and improving domestic earnings. Goldman Sachs upgraded India's outlook, targeting a 14% upside for Nifty 50 by year-end 2026.

NALCO reported a net profit of ₹1,430 crore for Q2 FY26, reflecting a 37% year-on-year growth. Revenue rose to ₹4,293 crore, and operating expenses decreased. The company plans to invest ₹30,000 crore in a new smelter and power plant over five years.

Hindalco, NALCO, and Vedanta saw stock rallies up to 5.3% on October 24, driven by rising global aluminium prices. Aluminium on the London Metal Exchange reached $2,810 per metric ton, while domestic prices rose to ₹268.65 per kg, amid supply concerns.

Indian stock market is expected to open flat as investors await US tariff developments. Nifty 50 closed at 25,400, with a potential rise to 25,800 next week. Dharmesh Shah of ICICI Sec recommends buying Titan and Nalco shares for short-term gains amidst cautious market conditions.

Dharmesh Shah, Vice President at ICICI Securities, said Nifty 50 looks poised for a breakout from six weeks consolidation (25,200-24,500) supported by across sector participation. He suggests buying PFC, and Nalco shares in the short-term. Investors should consult experts before making decisions.