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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%
Wed, 5 Dec 02:44 PM

HINDALCO share price has plunged 5% and is presently trading at Rs 230.

Meanwhile, the BSE 500 Index is at 14,422 (down 1.0%).

Among the top losers in the BSE 500 Index today are HINDALCO (down 5.1%) and ESCORTS (down 5.3%).

ARVIND LTD. (up 4.1%) and EDELWEISS FINANCIAL (up 3.4%) are among the top gainers today.

Over the last one year, HINDALCO has moved down from Rs 240 to Rs 230, registering a loss of Rs 10 (down 4.0%)..

The BSE 500 has moved up from 14,336 to 14,422, registering a gain of 86 points (up 0.6%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were HEG LTD (up 149.3%), V-MART RETAIL (up 96.8%) and NIIT TECHNOLOGIES (up 79.6%).

What About the Benchmark Indices?

The BSE Sensex is at 36,049 (down 0.8%). The top gainers among the BSE Sensex stocks today are HUL (up 1.4%). The most traded stocks in the BSE Sensex are ADANI PORTS & SEZ and HDFC BANK.

In the meantime, NSE Nifty is at 10,821 (down 0.8%). HUL (up 1.6%) and HCL TECH. (up 1.2%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 32,870 to 36,049, registering a gain of 3,179 points (up 9.1%).

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 33.7x.

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