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Sell NALCO; target of Rs 320: PINC Research
Edited by : AL CIRCLE
1 min read
... “In Q3FY11, Nalco's revenues increased by 2% YoY to Rs 14.4 billion on higher LME aluminium (up 19% YoY to USD2,338/t) even though metal sales declined 12% YoY to 104kt. EBITDA grew 32% YoY to Rs 3.9 billion & OPM expanded 610bps to 27.0%. PAT rose 65% YoY to Rs 2.6 billion aided by lower tax rate.” ....
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