NALCO Declares Interim Dividend Stock Down By 1.5%

Public sector enterprise of the Ministry of Mines, Government of India, National Aluminium Company Limited, abbreviated as NALCO has declared an interim dividend of 56% aggregating to Rs 541.22 cr for 2016-17, the highest ever by the company since its inception.

NALCO is functioning effectively despite the sluggishness present in the market. The stock has given nearly 9% returns on YTD basis while BSE Metal index has given returns of 13% on the YTD basis.

All the metal stocks are trading in negative territory in Wednesday’s trading session. Hindalco is the top loser trading lower by 2.7% at Rs 192.8 per share. National Aluminium Company Limited is engaged in the production of alumina, aluminium and power. The Company operates in three segments: Chemicals, Aluminium and Unallocated Common.

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