Is Nalco a good buy for long-term?
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Is Nalco a good buy for long-term?
Technical Check: This multibagger from metal & mining sector is a good long-term buy – here’s why. National Aluminium Company Limited (NALCO), a Navratna CPSE under the Ministry of Mines, has already rallied more than 170 per cent so far in 2021.
National Aluminium Company Ltd (Nalco) shares rallied over 6 percent Friday led by a slew of factors. Hopes of volume recovery, rise in alumina prices and an upcoming dividend payout is lifting the stock prices. The company’s board will meet on September 6, 2021, to consider a final dividend payout for FY21.
Should you buy stock when the price is low?
In the stock market, a herd mentality takes over, and investors tend to avoid stocks when prices are low. The period after any correction or crash has historically been a great time for investors to buy at bargain prices.
Is Nalco debt free?
Nalco’s dividend history goes back to 1995. The government owned company has maintained its dividend payout consistency by declaring dividends throughout all these years. The company has almost nil debt. Its debt to equity ratios has stayed nil or 0.01\% throughout the years.
Is Nalco debt free company?
National Aluminium Company (Nalco) today became a zero debt company following repayment of the third and final instalment of 14.5\% non-convertible redeemable secured debentures amounting to Rs. 214.39 crore.
Should I buy Nalco below 97?
If you choose to engage in such transactions with or without seeking advice from a licensed and qualified financial advisor or entity, then such decision and any consequences flowing therefrom are your sole responsibility. Buy nalco below 97 soon strong uptrend will be seen…. Target 173…Happy Investing!!!!
Why are Australians so interested in Nalco?
Australians are interested in venturing into business deals with nalco owning to high aluminium prices their strained relations with china. big gains expected if this happens for a target of 120 by Three players in aluminium are hindalco, vedanta and nalco. out of the three vedanta is best pick from stock market angle….
How much does Nalco spend on interest expenses?
That’s all for NALCO recommendations. Check out other stock recos. Company has spent less than 1\% of its operating revenues towards interest expenses and 23.54\% towards employee cost in the year ending Mar 31, 2020. (Source: Consolidated Financials)
What is the full form of NALCO?
(Rs. Cr) National Aluminium Company Ltd (Nalco) was incorporated in 1981, as a public sector enterprise of the Government of India. It is Asia`s largest integrated aluminium complex, encompassing bauxite mining, alumina refining, aluminium smelting and casting, power generation, rail and port operations.