LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2021
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Read in App
Business News » India News

This govt stock gained 14%; Do you own it? Should you buy?

This PSU surged by nearly 14% today by touching an intraday high of Rs 70.50 per piece. It has a grand plan to turn into a Rs 12,000 cr company, which has forced investors to sit up and take notice.  

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
This govt stock gained 14%; Do you own it? Should you buy?
Representational Image: Photo: Reuters
Written By: ZeeBiz WebTeam
Updated: Wed, Oct 03, 2018
04:35 pm
Mumbai, ZeeBiz WebDesk

While entire benchmark Sensex indices had tumbled by nearly 500 points, it was the metal stocks where investors had showered most love. The S&P BSE Metal index has surged by more than 530 points so far in today’s trading session. On the index, there was one state-owned company, where investors did heavy buying. It was government owned National Aluminum (NALCO) company, which gained extremely on markets. NALCO surged by nearly 14% today by touching an intraday high of Rs 70.50 per piece. The company, however, was trading at Rs 68.75 per piece up by Rs 6.70 or 10.80% at around 1456 hours. The reason behind investors being so upbeat was because the company unveiled a new business plan. 

Addressing the Unions, Associations, members of Management and Employees of NALCO, Chairman Dr. Tapan Kumar Chand on October 01,  unveiled a new business plan acronym "NALC0:3-4-5", which envisages increasing NALCO's 3-digit profit figure to 4-digits and 4-digit turnover to 5-digits. 

NALCO has already achieved 4-digit figure at Rs 1342 crore in 2017-18 and is likely to achieve more than Rs 1600 crore in 2018-19. The objective is to further increase and sustain the profit at 4-digit level. Similarly, turnover of NALCO for the first time in 2018-19 will be in 5- digits. 

It is expected that the net turnover of NALCO during this current year will be more than Rs 12,000 crore.

Dr Chand said said, “Under this plan, NALCO will turn into a hardcore business organisation with complete focus on business excellence.” 
 
He further added, “With the emergence of the 4 th Industrial Revolution, Artificial Intelligence, Internet of Things, Robotics, Augmented Reality etc. would be the trend setters and NALCO is all set to lead this revolution. The new technology: Industry 4.0, will bring in substantial reduction in capital investments and Indian Industries needs to leverage it to remain globally competitive. NALCO is gearing up in full steam to meet this challenge"

Dr. Chand announced that in the near future, NALCO plans to spend around Rs I 00 crores under its CSR arm in the areas of healthcare, literacy, infrastructure, water management and women empowerment in Koraput District. 

In order to motivate performance amongst employees, CMD Dr. Chand presented Excellence Awards to 41 employees across various levels of the organisation. 
 

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
National AluminumNalco share price
RELATED NEWS

LATEST NEWS

LPG gas subsidy status: How to check cooking gas subsidy online in bank account, all you need know

Anil Singhvi decodes Bull Market, says do not worry, fall in the US market caused by profit-booking

Nureca IPO Listing: In talk with Anil Singhvi, Founder & CEO Aryan Goyal reveals company's outlook

Tamil Nadu government employees retirement age hiked to 60 years

IMPLEMENTED NOW! Good news for government employees, PSU staff of this state - All details here

Stocks to buy with Anil Singhvi: Market Guru recommends this chemical stock for good returns, gives 3 targets

BSSC 1st Inter Level Combined Competitive Mains Exam 2014 result declared; check and download it from bssc.bih.nic.in —Steps here

RailTel IPO Listing today: Great expectations from share price on debut

PAN Aadhaar Link Online Last Date: This will happen if you don't do what Income Tax dept has said! Do now via SMS

Gold Price outlook: After record highs of around Rs 56191 and closing the year with 28% gains, here is what has happened now

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved