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Nalco tumbles as Govt set to sell 12.5% stake on March 15

14 Mar 2013 Evaluate

National Aluminium Company (Nalco) is currently trading at Rs. 44.25, down by 2.05 points or 4.43% from its previous closing of Rs. 46.30 on the BSE.

The scrip opened at Rs. 44.85 and has touched a high and low of Rs. 45.35 and Rs. 43.70 respectively. So far 213355 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 63.80 on 02-May-2012 and a 52 week low of Rs. 42.50 on 04-Mar-2013.

Last one week high and low of the scrip stood at Rs. 47.45 and Rs. 42.95 respectively. The current market cap of the company is Rs. 11533.14 crore.

The promoters holding in the company stood at 87.15% while Institutions and Non-Institutions held 9.07% and 3.78% respectively.

The government is all set to sell 12.5% stake in Nalco on March 15, 2013 through OFS route. The sale of 12.5% stake or 31.31 crore shares of the company is expected to fetch around Rs 1,400 crore to the exchequer at the current market price. At present, the government holds 87.15% stake in the company and post disinvestment, it will come down to 75%.

The Department of Disinvestment (DoD) has held roadshows in Singapore, Hong Kong, Japan, the US and the UK on February 19 for disinvestment of the state-run aluminium company. The government had in November last year deferred disinvestment of Nalco citing poor second-quarter performance which raised valuation concerns and said the stake sale would happen only after the third quarter results.

National Aluminium Share Price

407.95 8.50 (2.13%)
04-May-2026 11:51 View Price Chart
Peers
Company Name CMP
National Aluminium 407.95
Maan Aluminium 153.60
Arfin India 94.05
Manaksia Aluminium 35.27
PG Foils 212.10
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