National Aluminium Company Limited (NALCO) has outperformed its sector, reaching an intraday high of INR 192.15 at 1:00 PM on Thursday, March 20. This surge in stock price signals strong long-term growth potential for the company. Additionally, NALCO's attractive dividend yield offers shareholders a solid return and reflects a positive overall market trend. Despite a slight pullback as the day progressed, the stock remained resilient, closing at INR 190.27.
Compared to Monday, March 17, NALCO's stock price has risen by 2.63 per cent, moving up from INR 185.39. The stock reached its peak on March 7, hitting INR 195.17, but then experienced a decline in following days, dipping as low as INR 186.38 on March 19. However, in just one day, the company's stock has rebounded by 2.1 per cent per cent.
On an annual basis, the stock price has demonstrated a hike of 38.1 per cent from INR 137.8, outpacing the growth rate of Sensex, which has increased by 5.48 per cent during the same period.
The Sensex opened at INR 75,846.71, peaked at INR 76,436.58, and closed at INR 76,291.16 on March 20.
Overall, National Aluminium Company has shown strong comeback after a brief period of fluctuations. Over five years, the stock price has recorded a remarkable growth of 491.81 per cent.
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