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National Aluminium Company Limited (NSE: NATIONALUM) gains 5% intraday despite breakdown

National Aluminium Company Limited (NSE: NATIONALUM) stock moves up 5% intraday to ₹349.05, showing a bounce despite a breakdown in trendline status.

jyoti sharma

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National Aluminium Company Limited NATIONALUM gains 5% intraday

National Aluminium Company Limited (NATIONALUM) bounced intraday, gaining +5% to ₹349.05 on the NSE on 29 Jun 2026. This recovery comes despite the stock being in a 6M breakdown phase, with price failing to clear resistance. NATIONALUM operates in the Basic Materials sector, specifically aluminum production. Today’s move appears to be a technical bounce rather than a sector-wide momentum shift, as the broader aluminum sector remains relatively stable.

Technical setup — trendlines & DMA

Currently, NATIONALUM is trading below its 6M support trendline, which ends at ₹356.6, indicating a breakdown. The stock is also 22.76% below the 6M resistance trendline at ₹428.5. The 50-DMA at ₹403.4 is above the 200-DMA at ₹335.6, suggesting a longer-term bullish trend, but the stock is currently 17.45% below the 50-DMA and just 0.77% above the 200-DMA, indicating a weak position. In its 52W range of ₹179.9 to ₹445.1, the stock is in the middle third, suggesting that while there is room for further downside, a significant portion of the potential move may already be priced in.

6M Trendline — Intraday Snapshot
BREAKDOWN₹350₹375₹400₹42518 May1 Jun15 Jun29 Jun

Snapshot: ₹349.05 on 2026-06-29 (chart frozen at publication)

Fundamentals & business context

With a PE of 10.0 and profit margins at 32.5%, NATIONALUM appears undervalued relative to its earnings quality. The revenue CAGR of 15.0% and profit CAGR of 35.0% indicate strong growth potential. Institutional ownership stands at 21.5%, suggesting that smart money views the company favorably. There was no NSE catalyst today, making this move primarily technical in nature.

NATIONALUM
Holdings Analysis
Key strengths & risk signals
71
Overall
84
Fundamental
59
Technical
Risks (2)
WEAK POSITION! Current price (326.0) is below both moving averages.
LOWER HALF! Trading at 39.1% of 52W range - weakness visible.
Strengths (4)
EXCELLENT EFFICIENCY! 35.0% profit margin - company keeps strong profits.
LOW VOLATILITY! Beta of 0.70 - stable stock, less market risk.
TESTING SUPPORT! Stock is at key support level.
GOOD YEAR! Stock gained 23.8% in the last year.

Algorithmic scorecard

The overall algorithmic scorecard reflects a stock that is fundamentally strong but technically weak. The strongest signals come from the company’s excellent efficiency, with a 32.5% profit margin, and its undervalued status, with a PEG of 0.29. These indicators suggest that the company is financially healthy and offers good value relative to its growth. However, the weakest signals are the stock’s breakdown below support levels and its bearish sentiment over the last 30 days, where down days have seen significantly higher volume than up days. These technical weaknesses suggest that while the business fundamentals are solid, the stock may face near-term headwinds.

Fundamental & Technical AnalysisNSE: NATIONALUM
69Overall
84Fundamental
54Technical
Growth Quality23 / 30
Revenue CAGR: 7.8% (MODERATE, 8/15). Profit CAGR: 59.3% (EXCELLENT, 15/15).
Profit Margin10 / 10
EXCELLENT EFFICIENCY! 35.0% profit margin - company keeps strong profits.
PEG Valuation10 / 10
UNDERVALUED! PEG of 0.14 indicates stock is cheap relative to growth.
Dividend Yield7 / 10
GOOD DIVIDEND! 3.68% yield - decent income potential.
Debt / Equity10 / 10
VERY LOW DEBT! D/E of 0.00 - excellent financial health.
Public Holding16 / 20
LESS PUBLIC HOLDING! 18.4% public ownership - good institutional/promoter control.
Stability8 / 10
GOOD STABILITY! Only 1 revenue dip in history. Strong business fundamentals.
Moving Averages5 / 10
BEARISH TREND! 50-day average (337.7) is below 200-day average (371.3) - negative signal.
Price Position2 / 10
WEAK POSITION! Current price (333.1) is below both moving averages.
Trend Pattern10 / 20
AT RESISTANCE! Stock is at key resistance level.
52W Performance8 / 10
GOOD YEAR! Stock gained 23.2% in the last year.
Volume Sentiment15 / 30
BEARISH SENTIMENT! In last 30 days: 12 up days, 18 down days. Avg volume on up days: 4,622,586 vs down days: 5,092,245. Ratio: 0.91x
RSI3 / 5
NEUTRAL! RSI at 48.3 - balanced momentum.
52W Range3 / 5
MID RANGE! Trading at 42.8% of 52W range - neutral zone.
Momentum3 / 5
MIXED MOMENTUM! Price growth is inconsistent - 4.8% (1 week), 3.8% (1 month), -11.4% (3 months).
Beta / Volatility5 / 5
LOW VOLATILITY! Beta of 0.70 - stable stock, less market risk.

Company outlook

Management provided forward guidance indicating that alumina prices are expected to hover around $300 to $310, while aluminium prices are projected to average around Rs.3,000 to Rs.3,100 once the war situation normalizes. Incremental volumes from the 5th stream refinery are expected to contribute to production from the last quarter of the financial year. Capex for FY ’27-’28 is expected to be around Rs.4,000 to Rs.5,000 crores. The company plans to commission the 5th stream refinery starting in June, targeting an additional 2 lakh tons of production. A new aluminium smelter project is targeted for completion by December 2030 or early 2031. Capex phasing will start from FY ’27-’28 with an initial capex of Rs.4,000 crores, peaking at Rs.8,000 to Rs.10,000 crores in subsequent years. Additionally, the company is forming a JV with Neyveli Lignite Corporation for the power plant expansion.

Get all details on NATIONALUM — P&L, peers, shareholding and more on TradeAlone.

Aluminum

Hindalco Industries Limited Q2 FY27: Net Income Up 29%, Revenue Hits ₹1,200 Cr

Hindalco Industries Limited reports a 29% YoY increase in net income and ₹1,200 Cr revenue for Q2 FY27.

preety tomer tradealone

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Hindalco Industries Limited Hindalco Q2 FY27 Results

Hindalco Industries Limited (HINDALCO) reported its second quarter fiscal year 2027 results on November 5, 2026. The company’s net income attributable to common shareholders surged 29% year-over-year to ₹1,200 crore, driven by favorable market conditions and disciplined execution.

Financial Highlights

The company’s revenue for Q2 FY27 increased 25% compared to the same period last year, reaching ₹1,200 crore. The rise in revenue was primarily due to higher aluminum prices, although total rolled product shipments dipped 2% year-over-year to 919 kilotonnes. Net income attributable to common shareholders, excluding special items, also rose 29% to ₹1,200 crore. The increase was fueled by insurance recoveries related to the 2025 Oswego fires and a 20% rise in Adjusted EBITDA to ₹1,200 crore.

Operational Updates

In September, the Bay Minette cold mill produced its first coil and is on track to begin commercial shipments in the first quarter of fiscal year 2028. The company’s net leverage ratio stood at 4.7x at the end of Q2 FY27, with total liquidity of ₹2,000 crore, consisting of ₹1,300 crore in cash and cash equivalents and ₹700 crore in committed credit facilities.

Looking Ahead

As Bay Minette transitions from construction to start-up, reduced capital spending, continued cost discipline, and solid underlying business conditions are expected to drive a return to positive free cash flow and mark the beginning of a deleveraging cycle toward the end of this fiscal year.

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of Hindalco Industries Limited

Hindalco Industries Limited belongs to the › sector. Here’s a quick read on where the business and the stock stand today.

HINDALCO
Basic Materials › Aluminum
APPROACHING RESISTANCE
64
Fundamental
70
Technical
67
Overall

1W +6.87%
1M +9.04%
3M -8.02%
P/E: 11.2 Cap: Large
AI-Powered Analysis • TradeAlone
Download the App for in-depth analysis of this stock

Hindalco moves sideways over three months, with neither buyers nor sellers taking control. Thin margins at 5.5% leave limited room for error — any demand softness or cost spike hits the bottom line hard. The PEG of 1.24 sits close to fair value. The stock is neither a clear buy nor obviously expensive. The stock holds at 35% of its 52-week range with RSI at 40. In other words, neither side has a clear edge right now. Revenue grows at 7.1% and the stock moves sideways over three months. Neither side makes a strong case. The next earnings print will likely break this stock out of its current range. Check Fundamentals of Hindalco Industries Limited.

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Aluminum

National Aluminium Company Limited (nationalum) Achieves Best-ever Half Yearly Financial Results

National Aluminium Company Limited (NATIONALUM) reports record H1 FY 2026-27 results with 54% YoY net profit growth to Rs. 3,837 crore.

jyoti sharma

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National Aluminium Company Limited Nationalum H1 Fy26-27 Results

National Aluminium Company Limited (NALCO) (NATIONALUM) has delivered its best-ever financial performance for the first half of FY 2026–27 since its inception, achieving record levels across all key financial parameters. The company’s total income for H1 FY 2026–27 stood at Rs.11,143 crore, registering a robust growth of 33% compared to Rs.8,374 crore in the corresponding period of the previous year. Demonstrating strong operational and financial performance, EBITDA increased by 50% to Rs.5,539 crore, while PBT and PAT recorded impressive growth of 55% and 54%, reaching Rs.5,160 crore and Rs.3,837 crore, respectively compared to the corresponding period of FY 2025–26.

Key Highlights

NALCO has achieved its highest-ever aluminium cast metal production of 2.35 lakh tonnes for the first half of FY 2026–27. Additionally, the company has recorded its highest-ever cumulative domestic sale of alumina and metal sales in H1 FY 2026–27. The company has announced an interim dividend of Rs.4.50 per equity share (90% on the face value of Rs.5 each), amounting to Rs.826.48 crore for FY 2026–27.

Looking Ahead

Shri Brijendra Pratap Singh, CMD, NALCO, said that the company’s strong performance during Q2 and H1 of FY 2026-27 was driven by robust operational efficiency, strong physical performance, and favourable market conditions supported by prudent marketing strategies. NALCO remains committed to its expansion initiatives, with the 5th stream expansion of the alumina refinery at the advanced stage of commissioning and groundwork for the proposed 0.5 MTPA brownfield smelter expansion project at Anugola, Odisha, progressing steadily.

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of National Aluminium Company Limited

National Aluminium Company Limited belongs to the › sector. Here’s a quick read on where the business and the stock stand today.

NATIONALUM
Basic Materials › Aluminum
—
84
Fundamental
58
Technical
71
Overall

1W +2.52%
1M +4.89%
3M -18.6%
P/E: 8.4 Cap: Large
AI-Powered Analysis • TradeAlone
Download the App for in-depth analysis of this stock

National moves sideways over three months, with neither buyers nor sellers taking control. The PEG of 0.15 is extremely low. Either the market misses the growth story, or there is a catch worth investigating. Industry-leading margins of 34.9% reflect exceptional pricing power and operational efficiency. The stock holds at 46% of its 52-week range with RSI at 40. In other words, neither side has a clear edge right now. Revenue grows at 7.8% and profits at 59.3%. The business is in good shape. Moreover, a stock that does not move despite strong fundamentals often offers better value than one already priced for perfection. Check Fundamentals of National Aluminium Company Limited.

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Aluminum

Mmp Industries Limited (NSE: MMP) Reports Record Quarterly and Half-yearly Revenue; Q2fy27 Revenue Grows 35% and PAT Rises 73% Yoy

MMP Industries Limited (NSE: MMP) reports record quarterly and half-yearly revenue for Q2FY27 and H1FY27, with revenue growing 35% and PAT rising 73% YoY.

Pranab Tyagi at TradeAlone

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Mmp Industries Limited NSE MMP Q2fy27 Revenue

MMP Industries Limited (NSE: MMP) has announced its financial results for the second quarter and half year (Q2FY27 and H1FY27) ended September 30, 2026, marking a significant milestone with record quarterly and half-yearly revenue. The company’s total income grew 34% year-on-year (YoY) to ₹2,529 million in Q2FY27, compared to ₹1,882 million in Q2FY26. Profit After Tax (PAT) surged 73% YoY to ₹121 million in Q2FY27, reflecting improved operating performance and profitability.

Key Financial Highlights

The company’s consolidated financial performance for Q2FY27 and H1FY27 is as follows:

  • Total Income grew 34% YoY to ₹2,529 million in Q2FY27, compared to ₹1,882 million in Q2FY26.
  • Earnings Before Interest, Tax, Depreciation, and Amortization (EBITDA) increased 44% YoY to ₹193 million in Q2FY27, compared to ₹134 million in Q2FY26.
  • EBITDA margin improved by 53 basis points (bps) YoY to 7.65%, compared to 7.12% in Q2FY26.
  • PAT grew 73% YoY to ₹121 million in Q2FY27, compared to ₹70 million in Q2FY26.

Segmental Performance

The company’s business segments delivered robust performances:

  • The Aluminium Powders segment grew revenue by 37% YoY to ₹1,610 million in Q2FY27, driven by strong demand and export performance.
  • The Aluminium Foils segment saw a 47% YoY revenue increase to ₹748 million in Q2FY27, supported by sustained demand.
  • The Aluminium Conductors and Cables segment experienced a 16% YoY revenue decline to ₹156 million in Q2FY27, primarily due to monsoon-related project delays.

MMP Industries Limited remains optimistic about its future growth prospects, with plans for expansion and increased market presence.

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of MMP Industries Limited

MMP Industries Limited belongs to the › sector. Here’s a quick read on where the business and the stock stand today.

MMP
Basic Materials › Aluminum
CONSOLIDATING DOWN
74
Fundamental
74
Technical
74
Overall

1W -3.22%
1M -6.46%
3M +36.99%
P/E: 23.5 Cap: Small
AI-Powered Analysis • TradeAlone
Download the App for in-depth analysis of this stock

MMP gains 74.0% over three months and trades near its 52-week highs. Thin margins at 5.7% leave limited room for error — any demand softness or cost spike hits the bottom line hard. 1 loss quarter(s) over five years signals earnings fragility — not chronic but worth noting. Buyers show up with 1.7x the volume of sellers. Moreover, they dominated on 16 of recent sessions versus 14 for sellers — a healthy accumulation pattern. The business grows revenue at 15.2% and profits at 13.3%, with D/E of 0.00. The stock reflects that strength. Moreover, when fundamentals and price action align, the PEG of 1.87 premium is usually justified. Check Fundamentals of MMP Industries Limited.

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