National Aluminium Company has gained almost 15 percent in today’s trading session. The stock has touched a high of Rs 392 and is currently trading at Rs 385. 450K shares have been traded on National Stock Exchange till 3.10 pm.

The Aluminium prices are high in commodity markets. This will help NALCO to gain further ground. The stock markets are looking strong for next few trading session. If markets are positive, the stock can touch a 52-week high within couple of trading sessions.

The stock has potential to cross Rs 400. NALCO has touched a 52-week high of Rs 442.90 on NSE. With an EPS of Rs 34.22, the stock is currently trading with a P/E of 11.

The stock is even good for investment in long term as the fundamentals are good and P/E is low for this counter.