{"id":95657,"date":"2023-03-16T18:45:00","date_gmt":"2023-03-16T13:15:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=95657"},"modified":"2023-03-16T18:39:43","modified_gmt":"2023-03-16T13:09:43","slug":"psu-stock-with-high-dividend-yield-gets-buy-call-with-an-upside-of-21-do-you-own-it","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/psu-stock-with-high-dividend-yield-gets-buy-call-with-an-upside-of-21-do-you-own-it\/","title":{"rendered":"PSU stock with high dividend yield gets BUY call with an upside of 21%, Do you own it?"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-536749097\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Navratna-status National Aluminium Company (NALCO) Ltd. is one of the low-cost bauxite and alumina producers globally. Along with this, it is also a prominent alumina exporter in India. Incorporated in 1981, it is a government company under the Ministry of Mines, Government of India. It has a market capitalization of Rs 15,000 crore.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-869643980\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>The alumina prices, which are presently at 16% as a percentage of spot aluminium prices, are lower than the five-year average figure of 18%. Taking this into consideration, the analysts at Antique Stock Broking are optimistic about the near-term prospects of the stock.&nbsp;<\/p><p>The brokerage commented, \u201cWe remain positive on <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/NATIONALUM\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Nalco<\/a><\/strong> in view of the strong alumina and aluminium price outlook (supported by European smelter shutdowns, projected global deficit amidst plausible bans on Russian aluminium, subdued Chinese exports), integrated business model, and attractive dividend yield.\u201d\u00a0<\/p><p>The analysts further commented, \u201cNalco sells ~1.3 MT of alumina and ~0.4 MT of aluminium annually and is well positioned to benefit from their strong prices. An additional 1 mtpa alumina along with captive coal mining and caustic soda production would drive margin expansion and cost reduction.\u201d&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-2756680949\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Taking forward the margin of the safety concept of Benjamin Graham (teacher of billionaire investor Warren Buffet), they highlighted that NALCO has high levels of cash and cash equivalents on its balance sheet. It provides the investors with a big downside protection as the estimated cash at the FY23 end is Rs 4,600 crore, almost 30% of the present market value of the miner.&nbsp;<\/p><p>In addition to this, the present dividend yield of 7.92% further makes the stock very attractive. Taking into account cash levels and dividend yield both, the analysts of the firm see NALCO as a high margin of safety stock.&nbsp;<\/p><p><strong>Putting their analysis together, the analysts of Antique Stock Broking have provided a \u2018buy\u2019 rating on the stock with a target price of Rs 99 per share. This translates into a potential upside of 21% from the closing price of Rs 82.1 on Thursday.&nbsp;<\/strong><\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Vikalp Mishra&nbsp;<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer.png\" alt=\"\" class=\"wp-image-26306\" width=\"256\" height=\"256\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-2128673808\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Navratna-status National Aluminium Company (NALCO) Ltd. is one of the low-cost bauxite and alumina producers globally. Along with this, it is also a prominent alumina exporter in India. Incorporated in 1981, it is a government company under the Ministry of Mines, Government of India. It has a market capitalization of Rs 15,000 crore.&nbsp; The alumina [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":28546,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[6604,2885,7486,7485,7484,7480,7479,7483,7482,7481,6599,6600,3601,6978,5158,5159,5481,5482,948,936,3153,3157,2597],"class_list":["post-95657","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-large-cap-psu-stock","tag-nalco","tag-nalco-buy-call","tag-nalco-latest-news","tag-nalco-share-price","tag-national-aluminium","tag-national-aluminium-company","tag-national-aluminium-company-buy-call","tag-national-aluminium-company-latest-news","tag-national-aluminium-company-share-price","tag-navratna-psu-stock-to-buy","tag-navratna-psu-stock-to-watch","tag-psu-stock","tag-psu-stock-to-buy","tag-psu-stock-to-sell","tag-psu-stock-to-watch","tag-psu-stocks","tag-psu-stocks-2023","tag-stock-market","tag-stock-market-news","tag-stock-to-buy","tag-stock-to-watch","tag-stocks-to-watch"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>PSU stock with high dividend yield gets BUY call with an upside of 21%, Do you own it? - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"The alumina prices, which are presently at 16% as a percentage of spot aluminium prices, are lower than the five-year average figure of 18%. 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