NALCO Shares Soar to Record High as Aluminum Prices Surge Globally

• National Aluminum Company Ltd. (NALCO) shares surged 6% to a new record high on Tuesday, January 6, marking its fourth consecutive day of gains.
• Global aluminum prices hit a three-year high, with LME prices exceeding $3,000 per tonne for the first time since 2022.
• The price surge is driven by a cap on Chinese smelting capacity, European production constraints due to high electricity costs, and strong demand from construction and renewables.
• NALCO stock has gained 30% in the last month and 74% over the past 12 months, currently trading at ₹346.8.
• Despite 8 out of 11 analysts recommending "buy," consensus estimates suggest a potential 19% downside from current levels.

Why It Matters: NALCO shares hit a record high, fueled by global aluminum price surges due to supply constraints and high demand.