NALCO share price jumps 9% after Q2 results, interim dividend announcement
NALCO share price: Shares of National Aluminium Company (NALCO) surged almost 9 per cent in morning trade on the BSE on Monday, November 10, buoyed by the company’s healthy Q2 results and interim dividend announcement.
NALCO share price opened at ₹240.10 against its previous close of ₹234.45 and jumped 8.7 per cent to an intraday high of ₹254.85. Around 9:50 am, the metal stock traded 8 per cent higher at ₹253.10. Equity benchmark Sensex was 0.30 per cent up at 83,454 at that time.
The PSU firm on November 7 reported a net profit of ₹1,430 crore, reflecting a year-on-year (YoY) growth of 37 per cent, supported by a steady rise in aluminium prices. Revenue from operations rose by 7.2 per cent to ₹4,293 crore.
Nalco, a…
