National Aluminium Co has fixed 2nd December 2020 as the record date for payment of interim dividend for the financial year 2020-21.

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National Aluminium Company announced that the Board of Directors of the Company at its meeting held on 18 November 2020, inter alia, have recommended the interim dividend of Rs 0.5 per equity Share (i.e. 10%) , subject to the approval of the shareholders.

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National Aluminium Company Ltd gained for a third straight session today. The stock is quoting at Rs 36, up 2.27% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.54% on the day, quoting at 12848.9. The Sensex is at 43869.49, up 0.53%. National Aluminium Company Ltd has gained around 14.65% in last one month.

Meanwhile, Nifty Metal index of which National Aluminium Company Ltd is a constituent, has gained around 16.86% in last one month and is currently quoting at 2694.15, up 2.71% on the day. The volume in the stock stood at 150.54 lakh shares today, compared to the daily average of 88.95 lakh shares in last one month.

The benchmark November futures contract for the stock is quoting at Rs 36, up 2.71% on the day. National Aluminium Company Ltd is down 14.99% in last one year as compared to a 8.11% jump in NIFTY and a 8.96% jump in the Nifty Metal index.

The PE of the stock is 34.22 based on TTM earnings ending September 20.

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Net profit of National Aluminium Company reported to Rs 107.27 crore in the quarter ended September 2020 as against net loss of Rs 28.25 crore during the previous quarter ended September 2019. Sales rose 0.48% to Rs 2374.89 crore in the quarter ended September 2020 as against Rs 2363.55 crore during the previous quarter ended September 2019.

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