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Nalco Q2 Results Review - Broad-Based Beat Fueled By Favorable Pricing: Motilal Oswal

The brokerage reiterates its Neutral rating on the stock with a revised target price of Rs 240, valuing it at 7.5x Sep’26 EV/Ebitda.

<div class="paragraphs"><p>Aluminium smelter. (Source: Nalco website)</p></div>
Aluminium smelter. (Source: Nalco website)
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