National Aluminium Company Ltd Sees Robust Trading Activity Amid Strong Market Momentum

Trading Activity and Price Momentum

On 12 January 2026, NATIONALUM recorded a total traded volume of 85.44 lakh shares, translating into a substantial traded value of ₹301.38 crore. This level of liquidity places the stock among the top value movers in the market, reflecting heightened investor interest. The stock opened at ₹352.00 and touched an intraday high of ₹356.40, representing a 2.4% rise from the day’s low of ₹347.90. The last traded price (LTP) stood at ₹354.45, marking a 0.86% gain over the previous close of ₹348.05.

Notably, NATIONALUM is trading close to its 52-week high of ₹357.60, just 0.82% shy of this peak, signalling strong price resilience. The stock has outperformed its sector benchmark by 1.24% on the day, while the broader Sensex declined by 0.45%, highlighting its relative strength amid a mixed market environment.

The stock has also demonstrated positive momentum over the past two trading sessions, delivering a cumulative return of 6.36%. This consecutive gain streak is supported by the stock trading above all key moving averages — 5-day, 20-day, 50-day, 100-day, and 200-day — indicating a robust uptrend and healthy technical positioning.

Institutional Interest and Delivery Volumes

Institutional investors have shown sustained interest in NATIONALUM, although recent data indicates a slight dip in delivery volumes. On 9 January 2026, the delivery volume stood at 87.14 lakh shares, which is a 2.71% decline compared to the five-day average delivery volume. Despite this marginal fall, the overall trading volumes and value remain elevated, suggesting that institutional players continue to participate actively, albeit with some short-term moderation.

The stock’s liquidity profile is strong, with the ability to absorb trade sizes of up to ₹21 crore based on 2% of the five-day average traded value. This liquidity ensures that large orders can be executed without significant price impact, an important consideration for institutional investors and fund managers.

Fundamental Strength and Market Capitalisation

National Aluminium Company Ltd operates within the non-ferrous metals industry, a sector that has witnessed renewed interest due to global demand dynamics and supply constraints. The company’s market capitalisation stands at ₹64,007 crore, categorising it as a mid-cap stock with significant room for growth and institutional accumulation.

One of the key attractions for investors is the company’s attractive dividend yield of 3.02% at the current price level, offering a steady income stream alongside capital appreciation potential. This dividend yield compares favourably within the sector, enhancing the stock’s appeal to income-focused investors.

Mojo Score Upgrade and Analyst Ratings

MarketsMOJO has recently upgraded NATIONALUM’s Mojo Grade from Buy to Strong Buy on 11 November 2025, reflecting improved confidence in the company’s outlook. The stock’s Mojo Score stands at an impressive 85.0, signalling strong fundamentals, favourable technicals, and positive market sentiment.

The upgrade is supported by a comprehensive assessment of the company’s financial health, valuation metrics, and sectoral positioning. The Market Cap Grade of 2 indicates a solid mid-cap status with balanced risk and reward characteristics, making it an attractive proposition for both growth and value investors.

Sectoral and Market Context

The non-ferrous metals sector has been underpinned by robust demand from industrial and infrastructure segments, both domestically and internationally. NATIONALUM’s outperformance relative to its sector peers by 1.24% on the day highlights its leadership position and operational efficiency.

Compared to the broader market, where the Sensex declined by 0.45%, NATIONALUM’s positive returns underscore its defensive qualities and ability to attract capital even in volatile conditions. This resilience is further bolstered by the company’s consistent dividend policy and strong cash flow generation.

Technical Indicators and Moving Averages

From a technical perspective, NATIONALUM’s price action is encouraging. The stock is trading comfortably above all major moving averages, which act as dynamic support levels. This alignment suggests that the current uptrend is sustainable and that the stock is well-positioned to test or surpass its 52-week high of ₹357.60 in the near term.

Investors should note the stock’s ability to maintain gains despite a slight reduction in delivery volumes, indicating that short-term profit-taking is being absorbed by fresh buying interest. This dynamic often precedes further price appreciation as institutional investors accumulate positions.

Investor Takeaway and Outlook

National Aluminium Company Ltd’s recent trading activity and fundamental upgrades position it as a compelling stock for investors seeking exposure to the non-ferrous metals sector. The combination of strong liquidity, institutional interest, and a favourable technical setup provides a solid foundation for further gains.

While the stock’s valuation remains attractive, investors should monitor delivery volumes and broader market conditions to gauge the sustainability of the current rally. The company’s consistent dividend yield of 3.02% adds an income dimension, enhancing its appeal in a mid-cap universe where steady returns are prized.

In summary, NATIONALUM’s upgrade to a Strong Buy rating by MarketsMOJO, coupled with its near-term price momentum and sectoral tailwinds, makes it a stock worthy of close attention for both short-term traders and long-term investors.

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