5 days ago
Nalco shares slip 1% even as Q1 profit soars 78% to Rs 1,049 crore
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Production highlights compared to Q1 FY25:
Technical Overview:
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Shares of National Aluminium Company (Nalco) dipped 1.19% to end at Rs 187.4 on Friday, despite the company reporting a sharp rise in its Q1 FY26 Thursday, August 7, Nalco announced its financial results for the quarter ended June 2025, posting a net profit of Rs 1,049 crore, a 78% jump from Rs 588 crore in the same period last from operations surged 33% YoY to Rs 3,807 crore from Rs 2,856 crore, driven by robust demand and improved boosting investor sentiment, Nalco's board recommended a final dividend of Rs 2.50 per share (50% of the face value of Rs 5 each) for FY25, subject to shareholder approval at the upcoming 44th Annual General Meeting (AGM).Nalco's CMD attributed the strong quarterly performance to cost-efficient operations, a favorable domestic environment, higher production volumes, and improvements in techno-economic transportation increased by 6.56%Alumina Hydrate production rose 35.5%Calcined Alumina output jumped 52.25%Aluminium Cast Metal production grew 2.68%Despite the robust financials, Nalco shares traded flat with a slight negative bias at Rs 188, well below the 52-week high of Rs 263.10, but above the 52-week low of Rs 140.00, highlighting the stock's volatility over the past Strength Index (RSI): The 14-day RSI stands at 51.4, indicating neutral momentum. (RSI below 30 is considered oversold; above 70 is overbought.)Simple Moving Averages (SMA): The stock is trading below 4 of its 8 key SMA, the 20-day, 30-day, 50-day, and 200-day, suggesting bearish undertones in both short- and long-term trends.
