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HINDALCO Plunges by 5%; BSE 500 Index Down 1.0%

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HINDALCO Plunges by 5%; BSE 500 Index Down 1.0%
Tue, 20 Nov 03:23 PM

HINDALCO share price has plunged 5% and is presently trading at Rs 234.

Meanwhile, the BSE 500 Index is at 14,336 (down 1.0%).

Among the top losers in the BSE 500 Index today are HINDALCO (down 5.0%) and BLUE STAR (down 5.5%).

ITI LTD (up 13.2%) and PAGE INDUSTRIES (up 4.2%) are among the top gainers today.

Over the last one year, HINDALCO has moved down from Rs 261 to Rs 234, registering a loss of Rs 28 (down 10.6%)..

The BSE 500 has moved down from 14,494 to 14,336, loss of 158 points (down 1.1%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were HEG LTD (up 147.9%), V-MART RETAIL (up 91.7%) and NIIT TECHNOLOGIES (up 72.7%).

What About the Benchmark Indices?

The BSE Sensex is at 35,732 (down 0.9%). The top gainers among the BSE Sensex stocks today are INDUSIND BANK (up 1.3%), ADANI PORTS & SEZ (up 1.1%) and M&M (up 0.1%). Other gainer include HDFC BANK (up 0.1%). The most traded stocks in the BSE Sensex are ADANI PORTS & SEZ and M&M.

In the meantime, NSE Nifty is at 10,741 (down 1.0%). GAIL (up 2.9%) and INDUSIND BANK (up 1.3%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 33,360 to 35,732, registering a gain of 2,372 points (up 6.3%).

HINDALCO Financial Update...

HINDALCO net profit down at Rs 3 billion for the quarter ended September 2018, compared to a loss of Rs 4 billion a year ago. Net Sales declined 1.7% to Rs 108.3 billion during the period as against Rs 110.2 billion in July-September 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 33.9x.

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