HINDALCO Share Price Down by 5%; BSE 500 Index Down 1.2%
October 26, 2020 12:54 PM

HINDALCO share price has plunged 5% and is presently trading at Rs 183.

Meanwhile, the BSE 500 Index is at 15,564 (down 1.2%).

Among the top losers in the BSE 500 Index today are HINDALCO (down 5.4%) and HERO MOTOCORP (down 5.9%).

JUST DIAL (up 8.6%) and THYROCARE TECHNOLOGIES (up 6.3%) are among the top gainers today.

Over the last one year, HINDALCO has moved down from Rs 186 to Rs 183, registering a loss of Rs 2 (down 1.3%)..

The BSE 500 has moved up from 14,996 to 15,564, registering a gain of 568 points (up 3.8%) during the last 12 months.

The top buzzing stocks among the BSE 500 Index stocks during this same period were ADANI GREEN ENERGY (up 713.1%), LAURUS LABS (up 371.9%) and GRANULES INDIA (up 235.1%).

What About the Benchmark Indices?

The BSE Sensex is at 40,724 (down 1.1%). The top gainers among the BSE Sensex stocks today are NESTLE (up 2.4%). The most traded stocks in the BSE Sensex are POWER GRID and INDUSIND BANK.

In the meantime, NSE Nifty is at 11,943 (down 1.2%). NESTLE (up 2.2%) and HDFC LIFE INSURANCE (up 1.8%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 38,964 to 40,724, registering a gain of 1,760 points (up 3.26%).

HINDALCO Financial Update...

HINDALCO net profit down at Rs 390 million for the quarter ended June 2020, compared to a loss of Rs 2 billion a year ago. Net Sales declined 27.5% to Rs 74.2 billion during the period as against Rs 102.3 billion in April-June 2019.

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 68.7x.