As of May 14, 2025, the share price of National Aluminium Company (NALCO) had witnessed a rise of 4.92 per cent, where the price stood at INR 173.48 (USD 2.08) as of 15:30 IST. The increase in the firm's stock price shows a positive upward trend during the current trading period. Is this an indication of the upward trend prevailing in the Indian aluminium industry?
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Indian major aluminium key players have witnessed an increased stock price, which includes NALCO, Hindalco and Vedanta. However, among these key players, NALCO is deemed to have an increased stock price daily till May 14.
On May 12, 2025, NALCO's share price went up by 7.12 per cent, trading at INR 168 (USD 1.98) from its previous close on May 10, 2025. This intraday performance indicates strong market momentum with heavy buying interest.
After the market opened on Monday, NALCO's stock price had been showing an upward trend. On May 13, 2025, the firm's stock price closed at INR 165.35 (USD 1.98), showing a fall from the previous day but recovered the next day. On May 12, 2025, the stock price went up to INR 168.46 (USD 2.02), showing an upward trend.
Before the market closed on Friday, the firm's stock price had shown a fluctuating trend of both upward and downward trends. Digging a little deeper, on May 6, 2025, the stock price closed at INR 154.28 (USD 1.85). On the following day, the stock price rose to INR 158.28 (USD 1.90), indicating an upward trend.
Again, on May 8, 2025, the price fell to INR 153.00 (USD 1.79), showing a downward trend. Yet, on the following day, the stock price had jumped to INR 157.09 (USD 1.89), indicating a gaining momentum for the firm. Post this, the firm had been witnessing an increased stock price.
If compared with the previous month, NALCO trumbled to a fresh 52-week low of INR 142.05 (USD 1.70). Moreover, the firm faced a downward trend of 22.71 per cent for nine straight sessions.
With NALCO's stock price rising, is this going to be a booster for the Indian aluminium industry?
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