NALCO's Stock Gains 3.2% and Receives 'Buy' Call from MarketsMOJO

National Aluminium Company (NALCO) has been making headlines in the stock market with its recent performance. On October 18, 2024, the company's stock gained 3.2%, closing at Rs 230.05. This positive movement has caught the attention of investors and market experts, with MarketsMOJO giving a 'Buy' call for the stock.

The stock is currently trading close to its 52-week high of Rs 232.55, with a difference of only 1.04%. This shows the strong performance of NALCO in the market. In terms of sector performance, NALCO's stock is in line with the Aluminium & Aluminium Products industry, which has gained 2.25%.

NALCO has been on a consecutive gain streak for the past 2 days, with a total rise of 5.82% during this period. The stock also touched an intraday high of Rs 231.6, showing a 2.89% increase, and an intraday low of Rs 218.7, with a decrease of 2.84%.

The company's stock is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong performance in the market. In comparison to the Sensex, NALCO's 1-day performance is 3.20%, while the Sensex's performance is only 0.29%. Similarly, in the past month, NALCO's performance has been 25.47%, while the Sensex's performance has been -2.06%.

NALCO is a largecap company in the Aluminium & Aluminium Products industry, making it a stable and reliable investment option for investors. With its recent positive performance and a 'Buy' call from MarketsMOJO, NALCO is definitely a stock to watch out for in the market.