NALCO Plunges by 5%; BSE 500 Index Down 1.8%
October 5, 2018 03:12 PM

NALCO share price has plunged 5% and is presently trading at Rs 69.

Meanwhile, the BSE 500 Index is at 14,005 (down 1.8%).

Among the top losers in the BSE 500 Index today are NALCO (down 5.1%) and UNITED BREWERIES (down 7.1%).

PC JEWELLER (up 7.0%) and PRAJ IND.LTD (up 4.3%) are among the top gainers today.

Over the last one year, NALCO has moved down from Rs 79 to Rs 69, registering a loss of Rs 9 (down 11.8%)..

The BSE 500 has moved up from 13,786 to 14,005, registering a gain of 219 points (up 1.6%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were HEG LTD (up 216.0%), L&T INFOTECH LTD (up 121.3%) and MINDTREE LTD (up 119.6%).

What About the Benchmark Indices?

The BSE Sensex is at 35,119 (down 1.5%). The top gainers among the BSE Sensex stocks today are INFOSYS LTD (up 2.9%), INDUSIND BANK (up 2.4%) and TCS (up 2.0%). Other gainers include HDFC BANK (up 0.9%) and SUN PHARMA (up 0.7%). The most traded stocks in the BSE Sensex are SUN PHARMA and INFOSYS LTD.

In the meantime, NSE Nifty is at 10,541 (down 2.4%). INFOSYS LTD (up 2.5%) and INDUSIND BANK (up 2.0%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 31,672 to 35,119, registering a gain of 3,447 points (up 9.3%).

NALCO Financial Update...

NALCO net profit down at Rs 7 billion for the quarter ended June 2018, compared to a loss of Rs 7 billion a year ago. Net Sales rose 24.5% to Rs 29.7 billion during the period as against Rs 23.9 billion in April-June 2017.

For the year ended March 2018, NALCO reported 26.9% decrease in net profit to Rs 5.2 billion compared to net profit of Rs 7.1 billion during FY17.

Revenue of the company grew 19.5% to Rs 96 billion during FY18.

The current Price to earnings ratio of NALCO, based on rolling 12 month earnings, stands at 6.7x.