Was going through the latest shareholding pattern, and it’s interesting to see that LIC has sold over 5% stake (was visible last qtr too) and other institutions have also exited. This is when the aluminum industry seems to be doing very well and probably in the best of the times (maybe this is when cyclicals are exited from). Another interesting thing is that govt is trying to put up Nalco for dis-investment and there are expectations that Vedanta is very much interested
I personally feel there may be positive surprises. Let’s see how things unfold going ahead.
Ayush
Disc: Invested in family and client acs.