Sunday, October 31, 2010

Buy NATIONALUM Nov futures at or above 408.00

Buy NATIONALUM( NALCO)  Nov  futures/cash  at or above 406.00
for targets  409.75       411.45      412.90     420.90    426.95  431.00    439.00
Stoploss 403.45
Lot size 500
National Aluminium Company Limited (NALCO) has recorded an impressive increase in profit to Rs 224 crore during second quarter of the current fiscal, showing a 40 per cent surge compared to the corresponding period in the previous year. 

According to the reviewed financial results for the second quarter of 2010-11, Nalco has achieved higher net profit of Rs.224.04 crore as against Rs.159.50 crore in similar quarter of previous fiscal, company sources said here today. 

Similarly, the sales turnover of the Navaratna PSU surged by about 30 per cent to Rs.1548.75 crore over the comparative quarter of last year, they said.

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