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HINDALCO Plunges by 10%; BSE 500 Index Down 1.4%

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HINDALCO Plunges by 10%; BSE 500 Index Down 1.4%
Mon, 8 Oct 02:48 PM

HINDALCO share price has plunged 10% and is presently trading at Rs 237.

Meanwhile, the BSE 500 Index is at 13,759 (down 1.4%).

Among the top losers in the BSE 500 Index today are HINDALCO (down 10.0%) and SHRIRAM TRANSPORT FIN. (down 11.9%).

HPCL (up 7.4%) and ELGI EQUIPMENTS (up 5.8%) are among the top gainers today.

Over the last one year, HINDALCO has moved down from Rs 241 to Rs 237, registering a loss of Rs 4 (down 1.6%)..

The BSE 500 has moved down from 13,786 to 13,759, loss of 27 points (down 0.2%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were HEG LTD (up 189.2%), L&T INFOTECH LTD (up 118.0%) and SONATA SOFTWARE (up 112.2%).

What About the Benchmark Indices?

The BSE Sensex is at 34,636 (down 1.0%). The top gainers among the BSE Sensex stocks today are YES BANK (up 4.7%), KOTAK MAH. BANK (up 3.8%) and HERO MOTOCORP (up 3.3%). Other gainers include RELIANCE IND. (up 2.8%) and ASIAN PAINTS (up 2.3%). The most traded stocks in the BSE Sensex are YES BANK and RELIANCE IND..

In the meantime, NSE Nifty is at 10,398 (down 1.0%). HPCL (up 7.9%) and YES BANK (up 4.8%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 31,592 to 34,636, registering a gain of 3,044 points (up 7.7%).

HINDALCO Financial Update...

HINDALCO net profit stood at Rs 4 billion for the quarter ended June 2018, compared to a profit of Rs 4 billion a year ago. Net Sales declined 3.9% to Rs 105.9 billion during the period as against Rs 110.2 billion in April-June 2017.

For the year ended March 2018, HINDALCO reported 131.5% increase in net profit to Rs 44.3 billion compared to net profit of Rs 19.2 billion during FY17.

Revenue of the company grew 12.8% to Rs 1,158 billion during FY18.

The current Price to earnings ratio of HINDALCO, based on rolling 12 month earnings, stands at 29.2x.

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