⚙️ National Aluminium (NALCO) – Metals Shine Bright Again! CMP: ₹257 (+9.6%) | Sector: Metals – Aluminium

Technical View:

rallied 9% to hit a fresh 52-week high with massive volume (~72.6M). The breakout above ₹240 signals renewed bullish strength. RSI at 74 suggests overbought momentum but supported by strong participation. Support is seen near ₹238; resistance at ₹265–₹270. Fundamental View: The surge followed strong Q2FY26 results and rising global aluminium prices. NALCO reported a 45% YoY jump in profit on the back of higher realizations and improved alumina margins. Global supply tightening and China’s energy-linked production curbs add tailwinds. The company’s debt-free balance sheet, strong cash reserves, and ongoing refinery expansion enhance its medium-term growth outlook. Analyst Rating: Brokerages maintain BUY/ADD, projecting continued earnings momentum. Target: ₹275 (≈7% upside) | Stop-loss: ₹238.