National Aluminium Company rose 1.84% to Rs 38.70 at 10:17 IST on BSE after net profit surged 3648.33% to Rs 179.17 crore on 6.50% increase in total income to Rs 1861.07 crore in Q2 September 2013 over Q2 September 2012.
National Aluminium Company (Nalco) announced the result after market hours on Monday, 11 November 2013.
Meanwhile, the BSE Sensex was up 40.31 points, or 0.20%, to 20,531.27.
On BSE, 1.35 lakh shares were traded in the counter compared with average volume of 1.63 lakh shares in the past one quarter.
The stock hit a high of Rs 39.80 and a low of Rs 38.50 so far during the day. The stock hit a 52-week high of Rs 52 on 3 January 2013. The stock hit a 52-week low of Rs 24.10 on 6 August 2013.
The stock had outperformed the market over the past one month till 11 November 2013, rising 14.63% compared with the Sensex's 0.18% fall. The scrip had also outperformed the market in past one quarter, gaining 45.32% as against Sensex's 9.06% rise.
The mid-cap company has an equity capital of Rs 1288.62 crore. Face value per share is Rs 5.
State-run Nalco is an integrated aluminium maker, with its activities encompassing bauxite mining, alumina refining, aluminium smelting and casting, power generation, rail and port operations. The Government of India (GoI) holds 81.06% stake in Nalco (as per the shareholding pattern as on 30 September 2013).
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