Nalco rises over 7%

Nalco announced yesterday after market closure that its Board would be meeting on 12^th Oct to consider the proposal to buyback its shares.

Pursuant to this announcement, the trading window shall remain closed from Tuesday, the 9th October, 2018 to Sunday, the 14th October, 2018 (both days inclusive), in connection with the above scheduled meeting.

The stock price has gained today after four days of consistent fall and opened with a gain of over 6.5%. It hit an intra day high today at Rs.65.40, up over 7%.

As at 30th June 2018, the Govt held 56.17%, lower from the 60.20% it held at end of March 2018 quarter. LIC holds 6.48%.  186 FIIs hold 7.09%. Individual investors shareholding is at a mere 5.03%.