Nalco's Stock Hits All-Time High, Outperforms Sector with Impressive Growth

National Aluminium Company (Nalco) has reached a new milestone as its stock price hit an all-time high of Rs.232.9 on October 20, 2024. This largecap company in the aluminium and aluminium products industry has been performing exceptionally well in the stock market, with MarketsMOJO giving it a 'Buy' call.

In today's trading session, Nalco outperformed the sector by 0.41%, showcasing its strong performance. The stock has been on a consecutive gain for the last two days, with a 6.67% increase in returns during this period. The intraday high for the stock was Rs.232.9, a 3.47% increase from the previous day, while the intraday low was Rs.218.7, a slight decrease of 2.84%.

Nalco's stock is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend in the market. The aluminium and aluminium products sector has also seen a gain of 2.65%, further highlighting Nalco's strong performance.

In the past year, Nalco's stock has shown an impressive growth of 135.44%, while the Sensex has only grown by 23.30%. This showcases Nalco's strong performance and potential for growth in the future.

With its stock price reaching an all-time high and consistent positive performance, National Aluminium Company is definitely a company to watch out for in the aluminium and aluminium products industry. Investors can consider adding this stock to their portfolio for potential growth and returns.