NALCO Shows Resilience with Recent Stock Gains Amid Mixed Moving Averages

Jan 17 2025 06:35 PM IST
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National Aluminium Company (NALCO) demonstrated strong performance on January 17, 2025, outperforming its sector. The stock reached an intraday high and has shown a positive trend over the last two days. NALCO also offers a notable dividend yield, highlighting its appeal to income-focused investors despite recent declines.
National Aluminium Company (NALCO) has exhibited strong performance on January 17, 2025, with its stock increasing by 3.35%. This rise has enabled NALCO to surpass its sector's performance, which saw a gain of 2.57%, by a margin of 0.75%. Over the last two days, the stock has accumulated a total return of 5.23%, indicating a positive trend.

On this day, NALCO reached an intraday high of Rs 206.4, reflecting a 3.93% increase. The stock's moving averages present a mixed picture, being above the 5-day and 200-day averages but below the 20-day, 50-day, and 100-day averages.

NALCO also features a notable dividend yield of 4.03% at its current price, appealing to income-focused investors. Despite experiencing a 9.40% decline over the past month, the recent gains underscore the company's resilience within the Aluminium & Aluminium Products industry. Since joining the MOJO Stocks on MarketsMOJO on November 22, 2024, NALCO continues to attract market interest.
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