Nalco shares fall after Kotak Sec downgrades to 'Reduce' on near term risks

Quick Summary:

Shares of state owned aluminium company National Aluminum slumped 2.26 per cent at Rs 244.

A surplus aluminum market led to aluminium spreads contracting to $700/ton from $1,000/ton in September 2024 and five-year average of $900/ton.

The ‘Navratna’ public sector undertaking  is in the business of manufacturing and selling alumina and aluminum.

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Category: BusinessFinance

Markets: IndiaChinaMali

Topics: Nalco share price Buzzing stocks Nalco shares Nalco share price today Stock market Nalco share price Nalco news Sensex National aluminum shares Nalco

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News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-27 @ 13:26:53 (7 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 529 words

Reading Time: 3 minutes read

Sentences: 18 lines

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Copyright Owner: © Business Standard

News ID: 23903203

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