Navratna PSU stock to buy: SBI Securities chooses NALCO for 1 year; check out target

ZeeBiz Desk Jul 09,2024

Brokerage SBI Securities has recommended buying navratna PSU stock National Aluminium Company Limited (NALCO) from a long-term perspective.

Stock to buy

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NALCO share price target

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Potential return

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NALCO profile

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Brokerage's views on NALCO

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NTPC has also signed a non-binding MoU with NALCO to supply about 1,200 MW or more of round-the-clock uninterrupted power to cater to the requirement of NALCO for its expansion of smelter plant capacity in Angul, Odisha.

The key risk factors include lower LME aluminium prices and regulatory risk.