National Aluminium Company Ltd Hits Intraday Low Amid Price Pressure

Intraday Price Movement and Market Context

On the trading day, NACL opened sharply lower with an opening gap down of -8.47%, setting a negative tone that persisted throughout the session. The stock touched an intraday low of Rs 340.2, marking an 11.57% drop from its previous close. This intraday low represents a substantial underperformance relative to the Aluminium & Aluminium Products sector, which itself declined by -4.08% on the day.

The stock’s day change registered a steep fall of -7.82%, underperforming the sector by approximately -1.41%. This decline extended a recent downward trend, with NACL recording losses for two consecutive days, cumulatively falling -16.2% over this period. Despite this short-term weakness, the stock remains above its 20-day, 50-day, 100-day, and 200-day moving averages, though it is trading below its 5-day moving average, indicating some near-term selling pressure.

Sector and Broader Market Dynamics

The non-ferrous metals sector, particularly aluminium-related stocks, faced headwinds today, contributing to the pressure on NACL’s share price. The sector’s decline of -4.08% contrasts with the broader market’s modest gains. The Sensex opened 119.19 points higher and was trading at 82,410.22, up 0.17%, supported by mega-cap stocks leading the advance. However, the Sensex remains 4.55% below its 52-week high of 86,159.02 and is trading below its 50-day moving average, signalling some caution among investors.

This divergence between the broader market’s positive momentum and the sector’s weakness highlights the selective pressures impacting NACL and its peers. The stock’s underperformance relative to the Sensex, which gained 0.19% on the day, emphasises the specific challenges faced within the non-ferrous metals space.

Performance Trends and Technical Indicators

Examining NACL’s recent performance reveals a mixed picture. While the stock has experienced a sharp pullback over the last two days, its longer-term returns remain robust. Over one month, the stock has gained 12.95%, and over three months, it has surged 50.10%, significantly outperforming the Sensex, which declined by -2.66% and -2.35% respectively over the same periods.

Year-to-date, NACL has delivered a 13.68% return, contrasting with the Sensex’s negative -3.28%. Over one year, the stock’s appreciation of 85.19% far exceeds the Sensex’s 7.38% gain. Even over extended horizons, NACL’s performance is striking, with a three-year return of 332.00%, five-year return of 646.76%, and a ten-year return of 936.81%, compared to the Sensex’s 38.53%, 78.08%, and 231.41% respectively.

From a technical standpoint, the stock’s position above its longer-term moving averages suggests underlying strength, despite the recent short-term weakness indicated by its dip below the 5-day moving average. This technical setup reflects a potential consolidation phase following a strong rally.

Mojo Score and Rating Update

National Aluminium Company Ltd holds a Mojo Score of 80.0, categorised as a Strong Buy, an upgrade from its previous Buy rating as of 11 Nov 2025. This rating reflects the company’s favourable fundamentals and market positioning within the non-ferrous metals sector. The stock’s market capitalisation grade is 2, indicating a mid-cap status within its industry classification.

Despite today’s price pressure, the rating upgrade and strong Mojo Score underscore the company’s solid standing in the market, even as it navigates short-term volatility.

Summary of Market Sentiment and Immediate Pressures

The immediate price pressure on National Aluminium Company Ltd appears linked to sector-wide weakness in aluminium and related metals, which has weighed on investor sentiment despite a broadly positive market environment. The stock’s sharp intraday decline and gap down opening suggest that traders are reacting to short-term factors, possibly including profit-taking or sector rotation.

While the Sensex’s modest gains and leadership by mega-cap stocks indicate overall market resilience, NACL’s underperformance highlights the selective nature of current market dynamics. The stock’s recent two-day fall and intraday low of Rs 340.2 reflect a phase of consolidation or correction following a strong multi-year rally.

Investors monitoring the stock will note the contrast between its short-term volatility and its sustained outperformance over longer periods, as well as the recent upgrade in its Mojo Grade to Strong Buy, signalling confidence in its fundamental outlook despite transient price fluctuations.

Conclusion

National Aluminium Company Ltd’s intraday low and price pressure on 1 Feb 2026 underscore the challenges faced by the non-ferrous metals sector amid mixed market conditions. The stock’s decline contrasts with the broader market’s modest gains, reflecting sector-specific headwinds and short-term technical factors. However, the company’s strong longer-term performance metrics and upgraded Mojo rating provide context to today’s price action, illustrating a complex interplay between immediate pressures and sustained market confidence.

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