NALCO trades jubilantly on reporting 91% rise in Q2 net profit

National Aluminium Company (NALCO) is currently trading at Rs. 62.50, up by 3.85 points or 6.56% from its previous closing of Rs. 58.65 on the BSE. The scrip opened at Rs. 63.00 and has touched a high and low of Rs. 64.30 and Rs. 62.00 respectively. So far 755622 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 68.80 on 19-Sep-2014 and a 52 week low of Rs. 31.80 on 20-Feb-2014. Last one week high and low of the scrip stood at Rs. 64.30 and Rs. 58.25 respectively. The current market cap of the company is Rs. 16159.29 crore. The promoters holding in the company stood at 80.93% while Institutions and Non-Institutions held 13.36% and 5.71% respectively. National Aluminium Company has registered 90.61% rise in its net profit at Rs 341.52 crore for the quarter under review as compared to Rs 179.17 crore for the same quarter in the previous year. Total income of the company has increased 16.28% at Rs 2164.13 crore for Q2FY15 as compared Rs 1861.07 crore for the corresponding quarter previous year. NALCO has the largest integrated alumina-aluminium complex of Asia. Its integrated operations cover the entire aluminium production value chain from mining bauxite, refining alumina, smelting aluminium, captive power generation to a strong logistic network in terms of rail & port facilities, coal mining and handling plant to support its operations and to become one of the most cost-efficient aluminium companies across the globe.