Intraday Trading Dynamics and Price Movement
The stock opened the day with a gap down of 2.02%, trading initially at a lower level compared to the previous close. However, it quickly reversed course, climbing from an intraday low of Rs 341.95, which represented a 3.44% dip, to reach its peak at Rs 371. This intraday high reflected a 4.76% increase from the opening price, signalling strong buying interest during the session.
By the close, National Aluminium Company Ltd had outperformed its sector peers, registering a 5.03% gain compared to the Aluminium & Aluminium Products sector’s 2.8% rise. This outperformance was also evident relative to the broader market, with the stock advancing 4.90% against the Sensex’s 1.12% increase on the same day.
Technical Indicators and Moving Averages
From a technical standpoint, the stock’s price remains above its 20-day, 50-day, 100-day, and 200-day moving averages, indicating sustained medium- to long-term strength. However, it traded below its 5-day moving average, suggesting some short-term consolidation before the strong intraday rally. This pattern highlights a potential shift in momentum after the recent minor pullback.
The reversal after two consecutive days of decline adds to the technical narrative, signalling a possible resumption of the upward trend that has characterised the stock’s performance over recent months.
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Sector and Market Context
The Aluminium & Aluminium Products sector gained 2.8% on the day, supported by broader market strength. The Sensex itself recovered sharply after a negative start, rising 1,098.27 points to close at 81,653.95, a 1.15% gain. Mega-cap stocks led this recovery, although the Sensex remained below its 50-day moving average, which itself is positioned above the 200-day moving average, indicating a mixed but cautiously optimistic market environment.
Within this context, National Aluminium Company Ltd’s outperformance by nearly 4 percentage points relative to the Sensex highlights its relative strength and resilience amid broader market fluctuations.
Recent Performance Trends
Examining the stock’s recent performance reveals a strong upward trajectory over multiple time horizons. Over the past week, the stock gained 0.28%, slightly ahead of the Sensex’s 0.11% rise. The one-month performance is particularly notable, with a 12.49% increase compared to the Sensex’s decline of 4.82%. Over three months, the stock surged 58.69%, vastly outperforming the Sensex’s 2.75% fall.
Longer-term trends further underscore the stock’s strength, with a one-year gain of 87.82% versus the Sensex’s 5.32%, and an impressive three-year return of 356.11% compared to the Sensex’s 36.21%. Over five and ten years, the stock has delivered extraordinary returns of 635.64% and 984.67% respectively, dwarfing the Sensex’s 63.93% and 232.66% gains over the same periods.
Mojo Score and Rating Update
National Aluminium Company Ltd currently holds a Mojo Score of 80.0, reflecting strong overall fundamentals and market positioning. The company’s Mojo Grade was upgraded from Buy to Strong Buy on 11 Nov 2025, signalling improved confidence in its quality and growth prospects. The Market Cap Grade stands at 2, indicating a mid-sized market capitalisation within its sector.
This upgrade and high Mojo Score align with the stock’s recent price action and sustained outperformance relative to both sector and benchmark indices.
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Summary of Trading Action
On 2 Feb 2026, National Aluminium Company Ltd’s trading session was characterised by a volatile start, with an opening gap down and an early dip to Rs 341.95. The subsequent recovery to Rs 371 intraday high and a strong close with a 5.03% gain reflects active trading interest and a shift in market sentiment during the day.
The stock’s ability to outperform both its sector and the broader market amid a mixed market environment highlights its current strength. The technical positioning above key moving averages supports the view of sustained medium-term momentum, while the recent upgrade to a Strong Buy Mojo Grade reinforces the company’s quality standing.
Overall, the day’s price action confirms a notable rebound and strong intraday performance for National Aluminium Company Ltd, marking it as a key mover within the non-ferrous metals sector on this trading day.
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