Robust Trading Activity and Market Context
On the trading day, NATIONALUM opened at ₹348.0 and touched a day’s high of the same level before sliding to an intraday low of ₹337.15, marking a 4.38% drop from the previous close of ₹352.6. The last traded price (LTP) settled at ₹340.3, reflecting a 3.63% decline on the day. This underperformance was sharper than the Aluminium & Aluminium Products sector, which fell by 2.66%, and the broader Sensex, which dipped marginally by 0.17%.
The weighted average price indicated that a significant portion of the volume traded closer to the day’s low, signalling selling pressure during the session. Despite this, NATIONALUM remains in a bullish technical position, trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting that the recent dip may be a short-term correction within a longer-term uptrend.
Institutional Interest and Delivery Volumes
Investor participation has notably increased, with delivery volumes on 7 January rising by 65.01% compared to the five-day average, reaching 1.04 crore shares. This surge in delivery volume indicates strong hands accumulating shares, which often precedes sustained price movements. The stock’s liquidity is robust, with the capacity to handle trade sizes up to ₹16.6 crores based on 2% of the five-day average traded value, making it attractive for large institutional trades.
National Aluminium’s market capitalisation stands at ₹64,741 crores, placing it firmly in the mid-cap category. The company operates within the non-ferrous metals industry, a sector that has experienced volatility due to fluctuating global aluminium prices and supply chain dynamics. Despite these challenges, NATIONALUM’s strong fundamentals and market positioning have garnered increased attention from investors.
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Mojo Score Upgrade and Analyst Sentiment
MarketsMOJO has upgraded National Aluminium’s Mojo Grade from Buy to Strong Buy as of 11 November 2025, reflecting improved confidence in the stock’s outlook. The company currently holds a Mojo Score of 85.0, indicating strong fundamental and technical parameters. This upgrade is significant as it signals enhanced earnings prospects, valuation attractiveness, and positive momentum compared to its previous rating.
Despite the recent price dip, the strong Mojo Grade suggests that the stock remains a compelling investment opportunity within the non-ferrous metals sector. The market cap grade of 2 further supports its mid-cap status, balancing growth potential with relative stability.
Sectoral and Market Performance Comparison
While National Aluminium underperformed its sector by 2.13% on the day, it is important to contextualise this within the broader market environment. The Aluminium & Aluminium Products sector itself declined by 2.66%, indicating sector-wide headwinds possibly linked to global commodity price pressures and demand concerns. The Sensex’s marginal fall of 0.17% suggests that the broader market remained relatively stable, with sector-specific factors driving the stock’s movement.
Investors should note that National Aluminium’s five-day winning streak ended with this session’s decline, marking a potential trend reversal. However, the stock’s position above all major moving averages and increased delivery volumes point to underlying strength that may support a rebound in the near term.
Price and Volume Dynamics
The total traded volume of 66.48 lakh shares and traded value of ₹2,269.8 crores highlight the stock’s high liquidity and active participation from both retail and institutional investors. The fact that more volume was traded near the day’s low suggests profit booking or cautious positioning after recent gains. Market participants should monitor subsequent sessions for confirmation of either a sustained correction or resumption of the upward trend.
Given the stock’s liquidity profile, it remains suitable for sizeable trades without significant price impact, an important consideration for portfolio managers and large investors seeking exposure to the non-ferrous metals space.
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Outlook and Investor Considerations
Looking ahead, National Aluminium’s strong fundamentals, reflected in its upgraded Mojo Grade and high institutional interest, position it well to capitalise on any sector recovery. The company’s mid-cap status and liquidity profile make it an attractive option for investors seeking exposure to the aluminium industry with a blend of growth and stability.
However, investors should remain cautious of near-term volatility given the recent price correction and sectoral pressures. Monitoring global aluminium prices, input cost trends, and demand outlook will be crucial in assessing the stock’s trajectory. The increased delivery volumes and technical positioning above key moving averages provide a positive backdrop, but confirmation of trend direction will be essential before committing additional capital.
In summary, National Aluminium Company Ltd continues to attract significant trading interest and institutional participation, underscoring its importance within the non-ferrous metals sector. The recent downgrade in daily price performance should be viewed in the context of broader market and sector dynamics, with the stock’s strong Mojo Score and upgraded rating signalling a favourable medium-term outlook.
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