Nalco Buy Back 25% shares from Government

“Nalco has consented to purchase back 25 percent of its shares from the government,” Mines Secretary Balvinder Kumar said.

As indicated by sources, the government is hoping to raise around Rs 3,250 crore by offering 25 percent of its shares to Nalco. The government was planning to sell 10 percent stake in Nalco to raise about Rs 1,300 crore yet volatile markets have crashed its plans.

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NALCO Stock Cost: On May 03, 2016, at 09:30 hrs National Aluminum Company was citing at Rs 47.95, up Rs 1.60. The 52-week high of the share was Rs 50.90 and the 52-week low was Rs 28.00.

The organization’s trailing 12-month (TTM) EPS was at Rs 3.41 for every share according to the quarter finished December 2015. The stock’s price-to-earnings (P/E) ratio was 14.06. The most recent book estimation of the organization is Rs 49.66 for every share. At current esteem, the cost to-book estimation of the organization is 0.97.