Hindalco gains after decent Q3 results

Hindalco Industries rose 1.63% to Rs 152.30 at 14:24 IST on BSE after net profit rose 7.59% to Rs 359.36 crore on 17.89% rise in total income to Rs 8815.51 crore in Q3 December 2014 over Q3 December 2013.

The result was announced during market hours today, 12 February 2015.

Meanwhile, the BSE Sensex was up 56.60 points, or 0.20%, to 28,590.57.

On BSE, so far 10.73 lakh shares were traded in the counter, compared with an average volume of 9.05 lakh shares in the past one quarter.

The stock hit a high of Rs 153.40 and a low of Rs 149.20 so far during the day. The stock hit a 52-week high of Rs 198.70 on 25 July 2014. The stock hit a 52-week low of Rs 96.95 on 24 February 2014.

The stock had underperformed the market over the past one month till 11 February 2015, falling 3.32% compared with 3.92% rise in the Sensex. The scrip had also underperformed the market in past one quarter, falling 1.06% as against Sensex's 2.24% rise.

The large-cap company has an equity capital of Rs 206.50 crore. Face value per share is Re 1.

Hindalco, a part of Aditya Birla Group, is the aluminium rolling company. It is one of the three biggest producers of primary aluminium in Asia with the largest single location copper smelter.

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