HINDALCO Surges by 10%; BSE 500 Index Up 6.0%

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HINDALCO Surges by 10%; BSE 500 Index Up 6.0%
Tue, 7 Apr 01:18 PM

HINDALCO share price has zoomed 10% and is presently trading at Rs 99.

Meanwhile, the BSE 500 Index is at 11,173 (up 6.0%).

Among the top Gainers in the BSE 500 Index today are HINDALCO (up 10.5%) and DR. REDDYS LAB (up 13.0%).

NMDC LTD (down 0.1%) and VINATI ORGANICS (down 0.1%) are among the top losers today.

Over the last one year, HINDALCO has moved down from Rs 216 to Rs 99, registering a loss of Rs 117 (down 54.5%).

On the other hand, the BSE 500 has moved down from 15,313 to 11,173, loss of 4,140 points (down 27.1%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were ADANI GREEN ENERGY (up 321.4%), ABBOTT INDIA (up 121.8%) and NAVIN FLUORINE (up 70.8%).

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What About the Benchmark Indices?

The BSE Sensex is at 29,497 (up 6.8%).

The top gainers among the BSE Sensex stocks today are INDUSIND BANK (up 17.4%), AXIS BANK (up 16.0%) and ICICI BANK (up 10.9%). Other gainers include SUN PHARMA (up 10.3%) and HUL (up 10.3%). The most traded stocks in the BSE Sensex are SBI and ICICI BANK.

In the meantime, NSE Nifty is at 8,634 (up 6.7%). The top gainers in the NSE Nifty include INDUSIND BANK (up 17.3%), AXIS BANK (up 15.5%) and DR. REDDYS LAB (up 13.1%). Other gainers include CIPLA (up 11.3%) and ICICI BANK (up 10.6%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 38,877 to 29,497, registering a loss of 9,380 points (down 24.23%).

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 41.2x.



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