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Rakesh Madhav CFA

27th Oct · SEBI-Registered Analyst

🟩 National Aluminium Company Ltd (NATIONALUM)

Technical View:

NATIONALUM
The stock continues its steady uptrend, rising over 25% in the last three months and trading above its 21-EMA (₹222). Strong buying volumes confirm sustained momentum, with RSI showing healthy strength. A close above ₹240 could open the next leg toward ₹255–₹260, while ₹222 remains immediate support. Fundamental View: National Aluminium is benefiting from firm aluminium prices and a strong export order book. Q2FY25 results showed revenue growth aided by cost efficiency and rising global demand. The balance sheet remains debt-light with strong cash reserves. Outlook remains positive amid renewed focus on domestic manufacturing and metal demand recovery.

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