NALCO surges 7% as Q3 profit more than doubles

National Aluminium Company (NALCO), a manufacturer and distributor of aluminum products, surged on Wednesday afterthe company saidits third quarterprofit more than doubled.

During the quarter, the company's profit increased to Rs 1,189 million for the quarter ended Dec. 31, 2012 whereas the same was at Rs 512.2 million in the year ago period.

Net sales during the quarter increase by 16.79% to Rs 16.70 billion, while total income went up 14.46% to Rs 18.05 billion, when compared with prior year period. Shares ofthe companyare trading at Rs 50.25, up Rs 3.45, or 7.37% at the Bombay Stock Exchange (BSE) on Wednesday at 3:15 p.m.The scrip has touched an intra-day high of Rs 51.20 and low of Rs 47.50. The total volume of shares traded at the BSE is 907,114.In the earlier session, the shares fell 0.64%, or Rs 0.3, at Rs 46.80. Currently, the stock is trading down 26.59% from its 52-week high of Rs 68.45 and above 14.2% over the 52-week low of Rs 44.00.

Share Price Movement Period Pricein Rs Gain/(Loss) in Rs in % 1 Week 48.05 (1.25) (2.60) 1 Month 49.10 (2.30) (4.68) 3 Months 46.85 (0.05) (0.11) 6 Months 53.30 (6.50) (12.20) 1 Year 57.15 (10.35) (18.11) Note: Based on previous day closing price.