More than 12 lakh shares changed hands at the counter on BSE on Friday. The stock had slipped in the past few trading sessions after the company announced a cut in aluminium prices from June 1. From a recent high of Rs 190.25 on March 16, the stock plunged 25.7 per cent to a low of Rs 141.25 on June 2. |
An equity dealer with a domestic broking firm said, "The news of divestment by government re-generated buying interest in the counter on Friday." The government currently holds 87.15 per cent stake in Nalco. |