New Delhi, Nov. 13 -- Shares of NALCO, a PSU engaged in the manufacturing and sale of alumina and aluminium, continued to trade higher for the fourth consecutive session on Thursday, November 13, surging 2% to a fresh all-time high of Rs.271.90 apiece, resulting in a four-day cumulative gain of 16%.

The recent acceleration in the stock followed the company's September quarter results, which beat Street estimates and prompted brokerages to revise target prices higher, projecting sustained demand for alumina and favorable pricing.

The company reported a strong set of numbers, with consolidated revenue at Rs.4,292 crore, up 7% YoY and 13% QoQ, while EBITDA stood at Rs.1,926 crore, up 24% YoY, mainly driven by higher alumina sales.

NALCO d...