HINDALCO Plunges by 5%; BSE 500 Index Down 1.1%
February 24, 2020 09:24 AM

HINDALCO share price has plunged 5% and is presently trading at Rs 189.

Meanwhile, the BSE 500 Index is at 15,753 (down 1.1%).

Among the top losers in the BSE 500 Index today are HINDALCO (down 5.3%) and FORBES & CO. LTD. (down 5.8%).

SUZLON ENERGY (up 9.6%) and JAIPRAKASH ASSO. (up 8.5%) are among the top gainers today.

Over the last one year, HINDALCO has moved down from Rs 193 to Rs 189, registering a loss of Rs 4 (down 2.0%)..

The BSE 500 has moved up from 14,019 to 15,753, registering a gain of 1,734 points (up 12.4%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were ADANI GREEN ENERGY (up 517.6%), NIPPON LIFE INDIA AMC (up 176.5%) and ICICI SECURITIES LTD (up 158.7%).

What About the Benchmark Indices?

The BSE Sensex is at 41,037 (down 1.0%). The top gainers among the BSE Sensex stocks today are INFOSYS (up 0.7%), TCS (up 0.4%) and TECH MAHINDRA (up 0.1%). The most traded stocks in the BSE Sensex are INFOSYS and TCS.

In the meantime, NSE Nifty is at 12,013 (down 1.2%). BHARTI INFRATEL (up 2.3%) and INFOSYS (up 0.9%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 35,756 to 41,037, registering a gain of 5,281 points (up 13.9%).

HINDALCO Financial Update...

HINDALCO net profit down at Rs 2 billion for the quarter ended December 2019, compared to a loss of Rs 2 billion a year ago. Net Sales declined 14.3% to Rs 102.3 billion during the period as against Rs 119.4 billion in October-December 2018.

For the year ended March 2019, HINDALCO reported 23.9% increase in net profit to Rs 54.9 billion compared to net profit of Rs 44.3 billion during FY18.

Revenue of the company grew 12.7% to Rs 1,305 billion during FY19.

The current Price to earnings ratio of HINDALCO, based on rolling 12 month earnings, stands at 75.5x.