The ongoing war between Russia and Ukraine has caused upheaval in the stock markets around the world. Meanwhile, the portfolio of Rakesh Jhunjhunwala
The Russian-Ukraine War has caused uproar in the stock markets around the world. But the stock of stock market’s bigbull Rakesh Jhunjhunwal’s portfolio in India is giving good returns and is proving to be a multibagger stock for investors.
In fact, due to the ongoing war between the two countries, there has been a rise in the prices of aluminum in the international market, and its effect is the National Aluminum Company.
(NALCO) shares. Russia alone produces about 6% of the world’s aluminum and is one of its largest exporters.
NALCO stock up 110%
The share price of NALCO has climbed more than 110% in the last one year. A year ago, the company’s share price was Rs 61.25 on BSE, which closed at Rs 128.90 on Thursday. Whereas on Thursday itself, during the day of trading, it touched the level of Rs 130.60. This has been the highest level of this stock in 52 weeks.
According to brokerage firm ICICI Securities, in the first two months of 2022, the price of this stock has strengthened by 18%. The market capitalization (NALCO Mcap) of the company has become Rs 23,000 crore at the new price.