Nationalum
21.12.2021 - Antique on Nalco - Maintain Buy - Target Rs.126
MOTILAL OSWAL ON NALCO : 29.06.2021
* Maintain BUY, Target at Rs 93/share
• Retain Buy on strong earnings outlook
• Raise FY22E/FY23E EBITDA estimate by 43%/27%
* This factors in higher aluminum prices
* High prices should support strong cash flows
