National Aluminium Company (NALCO) stock price is in focus as Antique maintains a ‘buy’ rating, setting a target price of ₹261, implying a 34.06% upside from the current market price (CMP) of ₹194.68.
Key highlights from the brokerage report:
- Alumina prices remain above assumptions, even after coming off peak levels.
- Higher prices and volume growth are expected to drive topline expansion.
- Captive coal benefits and employee cost rationalization are expected to support margin expansion.
- NALCO is consolidating Utkal D and E coal blocks into a single 4 MTPA capacity mine, improving operational efficiency.
- The shift to incremental captive coal will replace higher-cost e-auction coal, leading to power and fuel cost savings.
With strong pricing, volume growth, and cost-saving measures, Antique remains bullish on NALCO’s long-term growth prospects.
Disclaimer: The views and investment recommendations in this article are sourced from brokerage reports. Business Upturn does not provide investment advice. Readers should consult financial experts before making any investment decisions.
