Nalco's Stock Sees 3.7% Increase in 2024

National Aluminium Company (Nalco), a leading player in the aluminium industry, has seen a 3.7% increase in its stock price on January 1st, 2024. This rise in stock price has been attributed to the company's strong performance in the market.

According to MarketsMOJO, a leading financial analysis platform, the stock call for Nalco is 'Hold'. This indicates that the company's stock is expected to perform steadily in the near future.

In terms of price performance, Nalco has hit a new 52-week high of Rs.138.85 on the same day. It has also outperformed the sector by 3.32%, showcasing its strong position in the market. The stock has been on a consecutive gain for the last 7 days, with a remarkable 30.71% increase in returns during this period.

On the intraday front, Nalco's stock touched a high of Rs.138.85, showing a 5.17% increase. The company'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.

Investors can also benefit from Nalco's high dividend yield of 4.17% at the current price. This makes it an attractive option for those looking for stable returns.

In comparison to the Sensex performance, Nalco has outperformed with a 1-day performance of 3.62% while the Sensex has shown a -0.08% performance. Similarly, in the last 1 month, Nalco's performance has been 46.01% compared to the Sensex's 6.96% performance.

Overall, National Aluminium Company's stock has shown a strong performance in the market, making it a promising option for investors. With its consistent growth and positive outlook, Nalco continues to be a key player in the aluminium industry.