Investment Recommendation: National Aluminium - Near Term Target

Investment Alert: National Aluminium
Target Prices:

Near Term Target 1: ₹263
Near Term Target 2: ₹342
Stop Loss: ₹141 (in case of correction)

Note: Please ensure to review your investment strategy and consult with your financial advisor before making any trading decisions.

Key Business Segments:

Bauxite Mining: NALCO is one of the largest bauxite mining companies in India. It operates bauxite mines in the Eastern Ghats in Odisha.
Alumina Refining: The company refines bauxite into alumina at its refinery in Damanjodi, Odisha.
Aluminium Smelting: NALCO operates a smelter plant in Angul, Odisha, where alumina is processed into aluminium.
Power Generation: The company has its own captive power plant to ensure a reliable power supply for its operations.
Products and Services:

Aluminium Products: Ingots, billets, wire rods, and rolled products.
Chemicals: Hydrated alumina and calcined alumina.
Power: Surplus power is sold to the grid.