This stock of ‘Big Bull’ Rakesh Jhunjhunwala rose 125% this year, do you have it?

Multibagger Stock : National Aluminum Company Limited (Nalco) has reported a nearly seven-fold increase in consolidated profit at Rs 747.8 crore for the quarter ended September 30 as against Rs 107.27 crore in the year-ago period. NALCO is a Navratna CPSE under the Ministry of Mines. The company has integrated and diversified operations in Mining, Metals and Power.

As per the BSE shareholding pattern, Indian veteran investor and stock market trader Rakesh Jhunjhunwala holds 1.36% stake in PSU company NALCO as of September 2021. Shares of NALCO have given multibagger returns this year (Year-to-date or YTD). The stock has risen more than 125% in 2021. Market experts are looking at this stock from a positive point of view.

Analysts at Philips Capital remain positive on the aluminum demand-supply outlook as new capacity addition in China is expected to slow while demand remains strong. The shares of NALCO have a ‘Buy’ rating with a target price of ₹115.

ShareIndia said, “Based on the expectation of growth in aluminum demand in near term aluminum, we maintain a positive outlook for NALCO’s post Q2 results as new capacity addition in China is expected to slow down while demand remains strong. Expected.Technically,Nalco share price is currently under pressure and may remain in negative zone for few more trading sessions.However,we are expecting around 20% gain from current levels as one year target. are.”

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