Shares of National Aluminium Co. Ltd. (Nalco) rose to record high in early deals on Wednesday after the state-owned firm said it clocked the highest-ever cast metal production of 4,63,428 metric tonne, bauxite excavation of 76,00,230 metric tonne, and metal sale of 4,70,108 metric tonne in FY24. During the year, the company has also added a new aluminum alloy ingot (AL59) to its product range.
Indian metal stocks are seeing a strong upswing on account of positive manufacturing update from China. Additionally, the commodities sector is at the start of a structural bull cycle, according to analysts.