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Sell Nalco - Motilal Oswal

Edited by : AL CIRCLE
1 min read
... Nalco's 3QFY11 PAT increased 14% QoQ to Rs2.56b, lower than our estimate, due to increased operating costs and lower sales of aluminum and alumina. ... Average 3QFY11 LME aluminum prices rose 12% QoQ to US$2,357 (up 16% YoY). Alumina traded up 11% QoQ at US$353. ...
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