Key Events This Week
2 Feb: Intraday high of Rs.371 with a 5.03% surge
2 Feb: Robust trading activity with strong institutional interest
5 Feb: Sharp decline of 2.93% on lower volume
6 Feb: Week closes at Rs.354.45, down 7.86% for the week
2 February 2026: Intraday Rally Amid Volatility
National Aluminium Company Ltd began the week with a volatile session on 2 February 2026. The stock opened sharply lower at Rs.370.00, down 3.82% from the previous close, reflecting initial selling pressure. However, it staged a remarkable recovery during the day, reaching an intraday high of Rs.371.00, a 5.03% gain from the previous close, before settling at Rs.370.00. This intraday surge outpaced the Aluminium & Aluminium Products sector’s 2.8% gain and the Sensex’s 1.15% rise, signalling strong buying interest and resilience.
Trading volumes were robust, with over 1.8 million shares changing hands, supported by significant institutional participation. Delivery volumes had surged by 82.57% compared to the prior five-day average, indicating confidence from long-term investors. The stock’s technical positioning remained positive, trading above its 20-day, 50-day, 100-day, and 200-day moving averages, although it was still below the 5-day average, suggesting short-term consolidation.
3 and 4 February 2026: Modest Gains on Positive Market Sentiment
Following the strong rebound on 2 February, the stock posted modest gains on 3 and 4 February, closing at Rs.371.00 (+0.27%) and Rs.374.95 (+1.06%) respectively. These incremental advances coincided with a broadly positive market environment, as the Sensex surged 2.63% on 3 February and 0.37% on 4 February. The stock’s outperformance during these sessions reflected sustained investor interest and sector tailwinds, although volumes began to moderate.
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5 February 2026: Sharp Decline on Lower Volume
The stock reversed course on 5 February, falling 2.93% to close at Rs.363.95. This decline came on reduced volume of approximately 800,945 shares, suggesting profit booking and cautious sentiment among traders. The broader market also retreated, with the Sensex down 0.53%, but National Aluminium Company Ltd’s drop was more pronounced, indicating stock-specific pressures. The dip below the 5-day moving average hinted at short-term weakness despite the longer-term bullish trend.
6 February 2026: Continued Selling Pressure and Weekly Close
On the final trading day of the week, 6 February, the stock declined further by 2.61% to Rs.354.45, closing the week down 7.86% from the previous Friday’s close of Rs.384.70. This contrasted with the Sensex’s modest 0.10% gain on the day, underscoring the stock’s underperformance. Volume picked up slightly to 962,811 shares, reflecting ongoing selling pressure. The stock’s inability to sustain gains from earlier in the week suggests investors remain cautious amid mixed signals from the sector and broader market.
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Weekly Price Performance: National Aluminium Company Ltd vs Sensex
| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-02-02 | Rs.370.00 | -3.82% | 35,814.09 | -1.03% |
| 2026-02-03 | Rs.371.00 | +0.27% | 36,755.96 | +2.63% |
| 2026-02-04 | Rs.374.95 | +1.06% | 36,890.21 | +0.37% |
| 2026-02-05 | Rs.363.95 | -2.93% | 36,695.11 | -0.53% |
| 2026-02-06 | Rs.354.45 | -2.61% | 36,730.20 | +0.10% |
Key Takeaways
Positive Signals: The stock demonstrated resilience on 2 February with a strong intraday rally, supported by robust institutional interest and high delivery volumes. Its technical positioning above key moving averages indicates a sustained medium- to long-term bullish trend. The Mojo Score of 80.0 and 'Strong Buy' rating reflect solid fundamentals and market confidence.
Cautionary Signals: Despite early strength, the stock underperformed the Sensex for the week, declining 7.86% amid profit booking and short-term selling pressure. The drop below the 5-day moving average and lower volumes on down days suggest cautious sentiment. Volatility remains elevated, and the stock’s performance is sensitive to sector dynamics and commodity price fluctuations.
Conclusion
National Aluminium Company Ltd’s week was marked by a sharp intraday recovery on 2 February, followed by a gradual decline through the remainder of the week. While the stock’s technical and fundamental indicators remain strong, the recent price weakness and underperformance relative to the Sensex highlight near-term challenges. Investors should monitor trading volumes, sector trends, and broader market conditions to gauge the stock’s momentum going forward. The strong institutional interest and upgraded rating provide a foundation for potential recovery, but caution is warranted amid ongoing volatility.
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