Join Whats App Job Group for CA ,CMA, CS, MBA, M.Com, BBA, B.Com

Buy Nalco @target of ₹42 : Motilal Oswal

Motilal Oswal ‘s research report on Nalco

Nalco (NACL) surprised with higher-than-expected EBITDA at INR 1.29b (est.: INR81m), led by cost reduction in the Aluminium business.

However, it was down 33% YoY due to lower prices and volumes. We raise our FY 2021 EBITDA estimate by 67% to factor recovery in LME prices, but maintain FY22 estimates.

Maintain Buy.

Related posts

Lockdown pandemic : Pause or stop SIP option being simpler

Runita bezalwar

Have more multi-cap approach for investing right now

Runita bezalwar

‘COVID-19 Economic Response Task Force’ set-up to meet economic challenges of the pandemic

Leave a Comment