Shares in National Aluminium Company Limited or Nalco rose as much as 8 per cent on Thursday, after the company said it has received over $8 million from a US company towards settlement of a case in a US court.
"National Aluminium Company...has received $8.05 million towards an out of court settlement from a US Firm in connection with a case pending in the US Court," Bhubaneswar-based PSU aluminium giant Nalco said in a regulatory filing.
At 11:46 a.m., 4.3 lakh Nalco shares had changed hands on the Bombay Stock Exchange against their two-week average daily turnover of 0.94 lakh. Shares were trading 5 per cent higher at Rs 39.35 apiece on the BSE as compared to a 0.52 per cent gain in Sensex.
Nalco was the best performing scrip on the BSE Metal index, which was up 1.6 per cent.
Shares in National Aluminium Company Limited or Nalco rose as much as 8 per cent on Thursday, after the company said it has received over $8 million from a US company towards settlement of a case in a US court.
"National Aluminium Company...has received $8.05 million towards an out of court settlement from a US Firm in connection with a case pending in the US Court," Bhubaneswar-based PSU aluminium giant Nalco said in a regulatory filing.
At 11:46 a.m., 4.3 lakh Nalco shares had changed hands on the Bombay Stock Exchange against their two-week average daily turnover of 0.94 lakh. Shares were trading 5 per cent higher at Rs 39.35 apiece on the BSE as compared to a 0.52 per cent gain in Sensex.
Nalco was the best performing scrip on the BSE Metal index, which was up 1.6 per cent.
Shares in National Aluminium Company Limited or Nalco rose as much as 8 per cent on Thursday, after the company said it has received over $8 million from a US company towards settlement of a case in a US court.
"National Aluminium Company...has received $8.05 million towards an out of court settlement from a US Firm in connection with a case pending in the US Court," Bhubaneswar-based PSU aluminium giant Nalco said in a regulatory filing.
At 11:46 a.m., 4.3 lakh Nalco shares had changed hands on the Bombay Stock Exchange against their two-week average daily turnover of 0.94 lakh. Shares were trading 5 per cent higher at Rs 39.35 apiece on the BSE as compared to a 0.52 per cent gain in Sensex.
Nalco was the best performing scrip on the BSE Metal index, which was up 1.6 per cent.
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