National Aluminium Company dropped 1.91% to Rs 46.10 at 15:00 IST on BSE after net profit fell 22.55% to Rs 135.01 crore on 3.26% rise in total income to Rs 1682.63 crore in Q1 June 2016 over Q1 June 2015.
The announcement was made after market hours on Monday, 12 September 2016. Stock market remained closed yesterday, 13 September 2016 on account of holiday.Meanwhile, the S&P BSE Sensex was down 35.48 points or 0.13% at 28,318.31.
On BSE, so far 1.49 lakh shares were traded in the counter as against average daily volume of 1.95 lakh shares in the past one quarter. The stock hit a high of Rs 46.85 and a low of Rs 45.75 so far during the day. The stock had hit a 52-week high of Rs 51.40 on 8 September 2016. The stock had hit a 52-week low of Rs 29.75 on 12 February 2016. The stock had underperformed the market over the past one month till 12 September 2016, falling 1.26% compared with 0.71% rise in the Sensex. The scrip had, however, outperformed the market in past one quarter, rising 12.98% as against Sensex's 6.45% rise.
The large-cap company has equity capital of Rs 1288.62 crore. Face value per share is Rs 5.
National Aluminium Company (Nalco) said that despite quantum jump in production, the profit in Q1 June 2016 took a dip due to low market realization.
State-run Nalco has integrated and diversified operations in mining, metal and power. The Government of India (GoI) held 80.93% stake in the company (as per the shareholding pattern as on 30 June 2016).
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