Friday's Preview: Can National Aluminium continue its recent gains

National Aluminium Company (NALCO) will be in focus today as investors watch to see if it can build on its recent positive momentum. The stock gained 3.14% on Wednesday, reversing a two-day decline and outperforming its sector. However, NALCO faces challenges, trading below key moving averages and down 6.52% over the past month. The company's high dividend yield of 4.36% may attract income-focused investors. Analysts at Prabhudas Lilladher have recommended an "accumulate" rating with a target price of Rs 205, citing strong Q3FY25 performance and ongoing expansion plans. Today's trading could provide insight into NALCO's near-term trajectory amidst market fluctuations.
Source: MarketsMojo, Moneycontrol