Shares of National Aluminium Company Ltd (NALCO) and Hindalco Industries surged on Wednesday, August 12, after a production cut at a major alumina refinery in Brazil raised concerns over global supply and pushed aluminium prices to a seven-week high. NALCO shares jumped 7.84 percent to Rs 418.3 in morning trade, making the stock the top gainer on the Nifty Midcap 100. Hindalco Industries rose 3.49...

Vedanta Aluminium Metal Ltd may be down more than 12 percent from its listing price, but brokerages remain firmly positive on the newly listed company, citing a favourable aluminium cycle, operational growth prospects and improving cost competitiveness. CLSA has maintained an "Outperform" rating on Vedanta Aluminium with a target price of Rs 540 per share, implying an upside of about 18 percent fr...

The benchmark indices shed around a percent of gains on April 9 amid uncertainty over the Iran ceasefire, after an 8 percent rally in the previous four sessions. Market breadth turned slightly negative, with about 1,596 declining shares against 1,376 advancing shares on the NSE. Range-bound trading may continue until the market convincingly surpasses Wednesday's high. Below are some short-term tra...

Equity benchmarks got caught in a bear trap after a day of bullish momentum, with the Nifty 50 falling 1.63 percent on March 11 amid the ongoing US–Iran conflict. Market breadth turned weak, with 1,740 declining shares against 1,197 advancing shares on the NSE. The market may remain range-bound with a negative bias until it closes above Monday's bearish gap. Below are some short-term trading ide...

Shares of National Aluminium Company declined by 2.12% to Rs 341.90 at 10:45 am. This marks a notable movement for the stock, which is a constituent of the NIFTY MIDCAP 150 index.Financial Performance:National Aluminium Company's consolidated financial performance shows the following trends:* Revenue: The company's annual revenue has increased from Rs 8,955.79 Crore in 2021 to Rs 16,787.63 Crore i...