NALCO Shares Hit a New High After 4-Day Rally: What Is Driving the Recent Momentum?

Shares of National Aluminium Company Ltd (NALCO) moved to a new high on Wednesday after extending gains for a fourth consecutive session.

The rally comes amid a rise in global aluminium prices and improving industry conditions. Recent financial performance and expectations of tighter supply have also contributed to investor interest in the stock, as per news reports.

NALCO Share Price Movement

NALCO shares rose up to ₹357.50 on the BSE, marking a gain of around 3% during the session. Over the past four trading days, the stock has advanced by approximately 14%, reflecting renewed buying interest and supportive external cues.

Impact of Global Aluminium Prices

The recent rally has coincided with a rise in aluminium prices on the London Metal Exchange, which crossed the $3,000 per tonne level for the first time in over three years. 

Supply constraints in major producing regions, including capacity limits in China and higher power costs in Europe, have reduced global inventories.

Demand Outlook and Industry Trends

Demand for aluminium continues to be supported by sectors such as construction, renewable energy, electric vehicles, and power infrastructure. 

Expectations of a tighter supply-demand balance over the coming years have added to the positive outlook for aluminium producers.

Expansion and Capital Expenditure Plans

The company is progressing with capacity expansion at its alumina refinery, with additional output planned over the medium term. 

NALCO has also outlined broader capital expenditure plans covering smelting capacity and captive power generation, with spending expected to pick up in later financial years.

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Conclusion

NALCO’s recent share price movement reflects a combination of higher global aluminium prices, improved financial performance, and expectations of sustained demand. While current momentum remains supportive, future performance will depend on commodity price trends, execution of expansion plans, and broader market conditions.

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