NATIONALUM.NS Stock Today, January 8: Record High on Aluminium Rally
The nalco share price set a fresh record at ₹357.6 this week as global aluminium rallied to multi‑year highs. Shares of NATIONALUM.NS are trading near ₹331 on January 8 after a five‑session surge of about 14%. LME aluminium price touched $3,124 per tonne and MCX hit ₹317.8/kg, lifting sentiment. Strong Q2FY26 performance, with profit up 36.7% and a 45% EBITDA margin, added support. Still, consensus points to softer earnings if metal prices cool, so traders should watch global cues and domestic costs closely on NATIONALUM NSE.
Record high and today’s trade
The nalco share price is consolidating after the spike. Today’s range is ₹327.75 to ₹334.80, versus a previous close of ₹346.70. The 52‑week high stands at ₹357.60 and the 52‑week low at ₹137.75. Five‑day change is 13.50% and year‑to‑date is 23.64%. Volume is 1.30 crore shares, roughly in line with the 1.30 crore average, suggesting healthy participation but some near‑term profit‑taking.
Strength came from a three‑year high in LME aluminium price at $3,124/t and MCX at ₹317.8/kg, driven by China’s capacity caps, energy‑related smelter curbs, and resilient EV, renewables, and data‑center demand. This backdrop helped the nalco share price hit a record. See coverage in the Economic Times: NALCO shares hit record high, up 12% in 4 sessions.
Fundamentals and valuations
Recent results support the move. Profit rose 36.7% year on year and EBITDA margin printed at 45%, indicating strong spreads. TTM metrics show ROE of 34.4% and net margin near 33.9%. Balance sheet quality is high with a current ratio of 2.95 and debt‑to‑equity of 0.003. A 2.98% dividend yield also underpins the nalco share price for long‑term investors seeking income stability.
On TTM numbers, the stock trades at 10.59x P/E and 3.26x P/B, with an earnings yield of 9.44%. Cash per share is about ₹43.53 and book value per share is ₹108.06. With minimal leverage and strong interest coverage of 153x, fundamentals appear resilient, although National Aluminium share price can swing with metal cycles and input cost movements.
Technical setup and key levels
Momentum remains hot. RSI is 86.67 and MFI 91.94, both overbought. ADX at 57.8 signals a strong trend, while MACD stays positive. ATR at 9.93 implies wider swings. The Bollinger upper band near ₹350.73 sits just below the ₹357.6 peak. For traders, this suggests the nalco share price may need a pause or consolidation before attempting a sustained breakout.
Immediate resistance is ₹350.73 and the record high ₹357.60. Initial support is around the Keltner middle near ₹306.25, then the 50‑DMA at ₹271.43 and the 200‑DMA at ₹209.90. If the NATIONALUM NSE stock holds above ₹306, sentiment stays positive. A break below ₹306 could invite a deeper pullback, so position sizing and disciplined stop‑losses matter.
What could move the stock next
Key drivers include LME and MCX direction, rupee moves, coal and power costs, and bauxite or alumina spreads. Watch the Q3 results slated for 16 Feb 2026, where volume guidance and cost trends will be key. Domestic demand from autos, renewables, and infrastructure can support the nalco share price if global cues remain firm and energy markets stay manageable.
Consensus signals earnings could soften over the next three years if aluminium prices normalize, which could challenge momentum. See analysis: Simply Wall St on consensus outlook. Other risks include China policy shifts, smelter restarts, Indian power tariff changes, and any adverse hedging outcomes that might weigh on National Aluminium share price.
Final Thoughts
The nalco share price rode a powerful aluminium rally to a record ₹357.6, with solid Q2FY26 performance adding confidence. Technically, momentum is stretched, so we expect consolidation unless LME stays firm and domestic costs remain benign. Traders can track ₹350–358 for strength and ₹306 as a near‑term line in the sand, with the 50‑DMA at ₹271 as a deeper support. Investors should focus on unit costs, alumina‑to‑metal spreads, and the 16 Feb earnings update for clues on sustainability. As always, align exposure with risk tolerance and avoid chasing gaps without a plan.
FAQs
Why did NALCO hit a record high this week?
A sharp rise in LME aluminium price to $3,124/t and MCX to ₹317.8/kg boosted sentiment. Supply tightness from China’s capacity cap and energy‑led smelter curbs, along with steady EV and renewables demand, helped. Strong Q2FY26 results also supported the nalco share price.
Is the nalco share price overbought now?
Momentum indicators suggest so. RSI is 86.7 and MFI is 91.9, both in overbought zones, while ADX at 57.8 shows a strong trend. That does not mean an immediate fall, but it increases the odds of consolidation. Traders may prefer defined stops and staggered entries.
What key levels should I watch on NATIONALUM NSE?
Immediate resistance is near ₹350.7 and the record ₹357.6. Supports sit around ₹306.3, then the 50‑DMA at ₹271.4 and the 200‑DMA at ₹209.9. A sustained move above ₹358 can extend the uptrend. A close below ₹306 may signal a deeper pullback.
How do global prices affect National Aluminium share price?
Aluminium is a global commodity. When LME aluminium price rises, producer realizations improve and margins expand, usually aiding the stock. If LME cools or input costs like power rise, spreads compress and sentiment weakens. Currency moves and hedging can also influence earnings and the share price.
Disclaimer:
The content shared by Meyka AI PTY LTD is solely for research and informational purposes. Meyka is not a financial advisory service, and the information provided should not be considered investment or trading advice.
