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NALCO stock increased 6% after Q4 results, reaching an all-time high

National Aluminium Company (NALCO) announced its Q4 results for FY2024 on Monday and with the positive outcome, its share price reached an all-time high of Rs. 206.30, up by 6%+ on Tuesday. 

Q4 results

NALCOs net profit for Q4 increased by 101.00% reaching Rs. 996.74 cr. from Rs. 495 cr in the same period in FY2023.

Profit

However, its operating revenue for Q4 declined by 1.60% to Rs. 3,663 cr. For FY2024, it reached Rs. 13,399 cr, again down by 7.50%. 

Revenues 

Along with that, the company’s shares are on the rise in the last six months. Its positive results are driven by high demand and an increase in global aluminium prices.  

Driving force 

With this, the stock was trading at Rs. 189.50 to Rs. 206.30 on Tuesday from the previous closing of Rs. 194.35.  

Share price hike

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