Nalco's Stock Hits All-Time High, Outperforms Sector and Sensex with 181.16% Growth in Last Year

National Aluminium Company (Nalco) has reached an all-time high on November 23, 2024, with its stock price hitting Rs.259.5. This largecap company, which operates in the aluminium and aluminium products industry, has been gaining momentum in the market. In fact, MarketsMOJO has given a 'Buy' call for Nalco's stock, making it a part of their MOJO Stocks since November 22, 2024.

The stock has outperformed the sector by 2.26% and has been on a consecutive gain for the last 4 days, with a 16.88% increase in returns during this period. Today, the stock touched an intraday high of Rs.259.5, showing a 4.59% increase. Nalco's stock is also trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend in the market.

In comparison to the Sensex's performance of 19.83%, Nalco has shown a remarkable 181.16% growth in the last year. This further solidifies the company's position as a strong player in the market. With its consistent growth and positive performance, Nalco is a promising investment option for investors looking for stability and potential growth in the aluminium industry.