Key Events This Week
29 Dec: New 52-week high at Rs.312.9
30 Dec: All-time high reached at Rs.315.85 with intraday surge
31 Dec: Continued gains with new 52-week high at Rs.319.95 and surge in call option activity
2 Jan: Week closes at Rs.330.25 after hitting new 52-week high of Rs.322.35 and intraday peak of Rs.331.2
29 December 2025: New 52-Week High at Rs.312.9
National Aluminium Company Ltd began the week by reaching a new 52-week and all-time high of Rs.312.9. Although the stock closed slightly lower at Rs.300.80 (-1.99%) on 29 December, the intraday peak marked a significant milestone reflecting sustained momentum. The broader Sensex declined 0.41% that day, underscoring the stock’s relative resilience amid a modest market pullback. The company’s strong fundamentals, including a zero debt-to-equity ratio and an average return on capital employed (ROCE) of 33.90%, underpinned investor confidence.
30 December 2025: All-Time High and Intraday Surge of 5.19%
On 30 December, NALCO surged 5.29% to close at Rs.316.70, hitting an intraday high of Rs.315.85. This gain outpaced the Aluminium & Aluminium Products sector’s 2.5% rise and the Sensex’s marginal decline of 0.01%. The stock’s performance was supported by strong technical positioning, trading above all key moving averages. Institutional investors increased their holdings, reflecting growing confidence. The surge in price was accompanied by a 47.79% increase in delivery volumes, indicating genuine buying interest rather than speculative trading.
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31 December 2025: New 52-Week High at Rs.319.95 and Surge in Call Option Activity
Continuing its upward trajectory, NALCO hit a new 52-week high of Rs.319.95 on 31 December, closing marginally higher at Rs.314.65 (-0.65%). The stock outperformed its sector and the Sensex, which gained 0.83% that day. Notably, call option activity surged, with 2,911 contracts traded at the ₹340 strike expiring 27 January 2026, indicating bullish sentiment among derivatives traders. Open interest rose by 12.38%, signalling fresh long positions. Delivery volumes remained robust at 98.77 lakh shares, a 47.79% increase over the five-day average, confirming strong investor participation.
1 January 2026: Consolidation Amid Market Strength
On 1 January, the stock traded flat at Rs.314.50 (-0.05%) on lower volume, consolidating gains after the previous day’s surge. The Sensex rose 0.14%, reflecting a broadly positive market environment. NALCO maintained its position above all key moving averages, signalling sustained technical strength. The company’s fundamentals, including a high dividend yield of 3.32% and strong cash flow generation, continued to support the stock’s valuation.
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2 January 2026: Strong Rebound with New Highs and 5.23% Intraday Surge
After two days of minor declines, NALCO rebounded strongly on 2 January, closing at Rs.330.25 (+5.01%) and hitting an intraday high of Rs.331.20, a new 52-week and all-time peak. The stock outperformed the Aluminium sector’s 3.72% gain and the Sensex’s 0.66% rise, demonstrating renewed investor confidence. Technical indicators remained bullish with the stock trading above all major moving averages. The company’s market capitalisation reached Rs.57,762 crore, solidifying its position as the second largest in the non-ferrous metals sector. Institutional holdings increased by 0.84% over the quarter, reflecting sustained interest from large investors.
Daily Price Comparison: National Aluminium Company Ltd vs Sensex
| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2025-12-29 | Rs.300.80 | -1.99% | 37,140.23 | -0.41% |
| 2025-12-30 | Rs.316.70 | +5.29% | 37,135.83 | -0.01% |
| 2025-12-31 | Rs.314.65 | -0.65% | 37,443.41 | +0.83% |
| 2026-01-01 | Rs.314.50 | -0.05% | 37,497.10 | +0.14% |
| 2026-01-02 | Rs.330.25 | +5.01% | 37,799.57 | +0.81% |
Key Takeaways from the Week
Strong Price Momentum: NALCO’s 7.61% weekly gain significantly outpaced the Sensex’s 1.35%, driven by multiple new 52-week highs and intraday peaks, reflecting robust investor demand.
Robust Financials: The company’s zero debt-to-equity ratio, high ROCE of 33.90%, and strong profit growth (119.4% increase over the past year) underpin its valuation and market confidence.
Increased Institutional Interest: Institutional holdings rose by 0.84% to 31.66%, signalling growing confidence from large investors in the company’s fundamentals and growth prospects.
Active Derivatives Market: A surge in call option activity and a 12.38% rise in open interest indicate bullish positioning among traders, with expectations of further price appreciation above the ₹340 strike by late January.
Dividend Yield and Valuation: The stock offers an attractive dividend yield of around 3.3%, balancing growth with income. Valuation metrics such as a price-to-book value near 2.9 and a low PEG ratio of 0.1 reflect premium pricing supported by strong earnings growth.
Conclusion
National Aluminium Company Ltd’s performance over the week ending 2 January 2026 highlights a compelling combination of strong operational results, technical strength, and positive market sentiment. The stock’s consistent new highs, robust financial metrics, and increased institutional and derivatives market participation underscore its leadership position within the non-ferrous metals sector. While valuation remains premium, it is justified by the company’s rapid profit growth and solid cash flow generation. As the broader market maintains a bullish tone, NALCO’s sustained momentum and attractive dividend yield position it well for continued investor interest in the near term.
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