NALCO (NALCO)
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Last day to buy Senco Gold, NALCO for dividend rewards
Under Sebi's T+1 settlement cycle, investors need to purchase a company’s shares at least one trading day before the record date to ensure the shares are credited to their demat accounts in time, and they become eligible for the corporate action. Accordingly, today is the last opportunity for investors to buy the shares so that they are credited to their accounts by the record date (August 24), making them eligible for the dividend.
Aluminium stocks tumble as LME prices fall 1.6%
Vedanta Aluminium shares fell 2% to a day’s low of Rs 442 on the BSE, while Hindalco declined 2.3% to Rs 1,022. State-owned NALCO was the worst hit, falling 7% to Rs 375 apiece. On the London Metal Exchange, benchmark aluminium fell 1.6% to settle at $3,285.50 a tonne.
Norsk Hydro's alumina output cut lifts Indian aluminium stocks up to 8%
Shares of NALCO, Hindalco, and Vedanta Aluminium surged up to 8% after Norsk Hydro announced a significant alumina output cut, tightening global supply. NALCO spiked 4.45% in early trading, with analysts attributing the rally to expected price increases and improved margins for Indian producers. The sector remains buoyant as investors bet on sustained alumina price strength.
Stocks in focus, Nov 5: Alembic Pharma, Northern Arc, V2 Retail, Cupid, NALCO, Bright Outdoor, Som Distilleries, Manipal Health
Alembic Pharmaceuticals Ltd has announced the expansion of its strategic collaboration with DifGen Pharmaceuticals. Building on their existing relationship, including the joint venture in Canada, the expanded collaboration combines DifGen’s development and US manufacturing capabilities with Alembic’s established US commercial platform.
EGA restarts Al Taweelah smelter, putting Hindalco, Vedanta, NALCO in focus
Emirates Global Aluminium has restarted its Al Taweelah smelter, drawing fresh attention to Indian aluminium producers Hindalco, Vedanta, and NALCO. Hindalco's share price is under scrutiny amid negative returns, even as Motilal Oswal's Siddhartha Khemka recommends accumulating aluminium stocks on dips with Hindalco as the top pick. The restart is being weighed against demand-supply dynamics for the sector.
Intelligence feed· 1 article in 1440m
Stocks in focus, Nov 5: Alembic Pharma, Northern Arc, V2 Retail, Cupid, NALCO, Bright Outdoor, Som Distilleries, Manipal Health
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