Hindalco surges after strong Q1 results

Hindalco Industries rose 3.9% to Rs 147.80 at 13:32 IST on BSE after net profit jumped 381.29% to Rs 294.07 crore on 10.96% decline in total income to Rs 7716.53 crore in Q1 June 2016 over Q1 June 2015.

The result was announced during market hours today, 12 August 2016.

Meanwhile, the S&P BSE Sensex was up 280.62 points or 1.01% at 28,140.22.

On BSE, so far 20.77 lakh shares were traded in the counter as against average daily volume of 14.03 lakh shares in the past one quarter. The stock rose as much as 4.67% at the day's high of Rs 148.90 so far during the day. The stock rose 0.52% at the day's low of Rs 143 so far during the day. The stock had hit a 52-week high of Rs 151.90 on 8 August 2016. The stock had hit a 52-week low of Rs 58.85 on 12 February 2016. The stock had outperformed the market over the past one month till 11 August 2016, surging 10.23% compared with 0.84% rise in the Sensex. The scrip had also outperformed the market in past one quarter, advancing 55.29% as against Sensex's 8.84% rise.

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