NALCO Shares Fall on Jan 8, 2026 After Four-Day Rally Amid Weakness in Metals

Shares of National Aluminium Company Ltd (NALCO) came under pressure on Thursday after a strong multi-session rally.

The stock retreated alongside broader weakness in the metals sector, as investors booked profits following recent highs.

The decline also reflected cooling trends in commodity markets, which influenced sentiment across metal-related stocks.

NALCO Share Price Movement

NALCO shares dropped by as much as 5.7% during the session, touching an intraday low of ₹332.50. The decline brought an end to a four-day rally that had lifted the stock by around 14% and pushed it to a fresh 52-week high of ₹357.50 in the previous session.

Broader Weakness in Metal Stocks

The selling pressure was not limited to NALCO alone. All constituents of the Nifty Metal index were trading lower, indicating sector-wide profit booking. Investors appeared cautious after a recent strong run-up in metal stocks, leading to a pullback across the segment.

Cooling Commodity Prices Impact Sentiment

Metal stocks also tracked softer trends in the commodity markets. On the Multi Commodity Exchange of India, silver futures for March delivery declined by nearly 1% to ₹2,48,252 per kg, after ending a four-day rally that saw prices peak at ₹2,51,720 on Wednesday.

Copper futures slipped 0.56% to ₹1,300.45, while spot copper prices were marginally higher at $586.90 per tonne, reflecting mixed signals in the base metals market.

Factors Behind the Recent Rally

Prior to the decline, NALCO shares had gained momentum on the back of rising aluminium prices and a supportive earnings outlook. Aluminium prices on the London Metal Exchange crossed $3,000 per tonne, driven by supply constraints linked to production curbs in China and parts of Europe.

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Conclusion

NALCO’s recent share price decline reflects a phase of consolidation following a strong rally, amid broader weakness in metal stocks and cooling commodity prices. While underlying factors such as aluminium prices remain important, near-term movements appear influenced by profit booking and shifts in market sentiment.

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