Buy NALCO Shares: New Price Target Rs 255, Profit of 33%

National Aluminium Co Ltd (NALCO) shares are presently trading astatine the Rs 191 people connected Thursday. The banal has comparatively remained unchangeable contempt Sensex dipping by 3,000 points this month. Even aft the marketplace dip, the banal has maintained 12% profits successful the past six months. It had reached a precocious of Rs 256 successful November but dipped to 191 level successful February.

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Source: Google

The caller terms prediction for NALCO shares remains bullish amid the marketplace downturn. The nett profits for the institution person zoomed 3x and its margins person doubled, reported CNBC. The institution volition besides soon state dividends to its investors and reward them with further income. In this article, we volition item the latest bullish terms prediction for NALCO shares.

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NALCO Shares Get ‘Buy’ Call: New Price Target Rs 255, Profit 33%

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Consensus has estimated that NALCO shares could surge successful terms and reclaim its November 2024 level. The latest terms prediction indicates that the banal could spike to the Rs 255 level next. That’s an uptick and instrumentality connected concern (ROI) of astir 33% from its existent terms of Rs 191. Therefore, an concern of Rs 10,000 could crook into Rs 13,300 if the forecast turns retired to beryllium accurate.

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In addition, the institution announced that it volition supply details of the dividends connected February 14, 2025. The payouts to investors volition beryllium completed earlier March 10 this year. Reports bespeak that the committee volition wage Rs 4 arsenic dividends per NALCO stock to investors. However, we volition person to hold for the authoritative study connected the dividends connected Friday.

NALCO shares person spiked adjacent to 370% successful the past 5 years and are among the apical performers. It was trading astatine astir Rs 30 during the Covid-19 lockdowns successful 2020 and sustainably scaled up successful the indices.