Hindalco Industries drops 6.82% in three days

Meanwhile, the S&P BSE Sensex was down 193.96 points or 1% at 19,247.11.

On BSE, 9.26 lakh shares were traded in the counter as against average daily volume of 11.04 lakh shares in the past one quarter.

The stock hit a high of Rs 100.65 and a low of Rs 93.35 so far during the day. The stock had hit a 52-week low of Rs 86.90 on 26 March 2013. The stock had hit a 52-week high of Rs 137 on 2 January 2013.

The stock underperformed the market over the past one month till 10 June 2013, falling 5.05% compared with the Sensex's 3.19% decline. The scrip, however, outperformed the market in past one quarter, falling 0.64% as against Sensex's 1.23% fall.

The large-cap company has equity capital of Rs 191.45 crore. Face value per share is Re 1.

Shares of Hindalco Industries fell 6.82% in three trading days from a recent high of Rs 102.65 on 6 June 2013. Bulk of the fall was triggered by uninspiring Chinese economic data released over the weekend. China is the world's largest consumer of copper and aluminum.

China's trade, inflation and lending data for May announced over the weekend all trailed estimates, signaling weaker global and domestic demand. Industrial production rose a less-than-forecast 9.2% from a year earlier and factory-gate prices fell for a 15th month. Export gains were at a 10-month low and imports dropped after a crackdown on fake trade invoices while fixed-asset investment growth slowed and new yuan loans declined.

Hindalco Industries' net profit fell 24.7% to Rs 482.03 crore on 8.6% decline in net sales to Rs 6915.59 crore in Q4 March 2013 over Q4 March 2012.

Hindalco Industries is the world's largest aluminium rolling company and one of the biggest producers of primary aluminium in Asia. Its copper smelter is the world's largest custom smelter at a single location.

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