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Strategies & Market Trends : India Coffee House

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To: Mohan Marette who wrote (5106)7/13/1999 9:34:00 AM
From: Mohan Marette   of 12475
 
Nalco increases prices by Rs 3000 per ton

NALCO Home: nalcoindia.com

Date: 7/13/99 12:14:34 PM

As expected, National Aluminium Company Ltd ( Nalco) has increased the prices of all its products by Rs3000 per ton. We had anticipated this increase when peer Hindalco increased the prices of its product by a similar margin. We expect the Nalco's stock to rally on the back of this news. The stock is currently ruling at Rs56.5 (Probity Research)
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