National Aluminium Company rose 0.99% to Rs 432.85 at 10:31 IST on BSE on reports the company has resumed normal production at its alumina refinery that was hit by a coal shortage last week.
The stock hit a high of Rs 434.90 and a low of Rs 426 so far during the day. The stock had hit a 52-week high of Rs 565.90 on 29 May 2008 and a 52-week low of Rs 237.50 on 16 August 2007.
The company has an equity capital of Rs 644.31 crore. Face value per share is Rs 10.
The current price of Rs 432.85 discounts its Q1 June 2008 annualised EPS of Rs 32.61, by a PE multiple of 13.27.
Output at the alumina refinery at Damanjodi in the eastern state of Orissa fell by half last week and the company had said the unit would be shut if coal supplies did not improve in a few days.
National Aluminium Company (Nalco)’s net profit rose 17.6% to Rs 525.33 crore on 25.9% increase in net sales to Rs 1467.49 crore in Q1 June 2008 over Q1 June 2007.
Nalco manufactures and distributes aluminum products. Government of India holds 87.15% stake in the company.
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