I-Sec downgrades Nalco to Hold; lowers target price to Rs 190

ICICI Securities has adjusted its rating for National Aluminium Company. The brokerage firm now recommends a 'Hold' position. The target price has been revised to Rs 190 from Rs 205. This decision reflects expectations of subdued alumina prices. Supplies from China and India are expected to increase. Limited volume growth is also anticipated in the near term.