Hindalco expects similar earnings performance from its overseas subsidiary Novelis Inc, which is the world's largest producer of rolled aluminium products.
The stock opened at Rs 150.90 which was also the low point of the day for the stock. The stock has touched a high of 157.75 thus far. A total of nearly 6.6 million shares changed hands on BSE and NSE.
The Aditya Birla Group company is set to pay a Rs 500-crore fine after the Supreme Court cancelled the coal blocks, Talabira I and Mahan, allotted to the company and levied a Rs 295 a tonne penalty on all coal blocks in production till now.
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