Hindalco Industries gains after Q1 results

Hindalco Industries rose 3.08% to Rs 93.70 at 14:27 IST on BSE after net profit fell 67.27% to Rs 107.19 crore on 6.78% growth in total income to Rs 8769.69 crore in Q1 June 2015 over Q1 June 2014.

The Q1 result was announced during market hours today, 14 August 2015.

Meanwhile, the S&P BSE Sensex was up 467.86 points or 1.7% at 28,017.39.

The stock surged on high volumes. On BSE, so far 12.18 lakh shares were traded in the counter as against average daily volume of 5.05 lakh shares in the past one quarter.

The stock was volatile. The stock fell as much as 1.37% at the day's low of Rs 89.55 so far during the day, which is a 52-week low for the counter. The stock rose as much as 5.06% at the day's high of Rs 95.40 so far during the day. The stock had hit a 52-week high of Rs 185.75 on 13 August 2014.

The stock had underperformed the market over the past one month till 13 August 2015, declining 14.69% compared with Sensex's 1.47% fall. The scrip had also underperformed the market in past one quarter, sliding 31.91% as against Sensex's 1.1% rise.

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

A part of the Aditya Birla Group, 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 amongst the largest single location custom smelter globally.

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