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Hindalco slips 8% in two days on profit booking; stock up 77% in one year

The management sees strong demand for aluminum from major segments like Beverage Can, Automotive Body Sheet, Specialties, and Aerospace.

Hindalco slips 8% in two days on profit booking; surges 77% in one year
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SI Reporter Mumbai
Shares of Hindalco Industries traded lower for the second straight day, down 4 per cent at Rs 577.45 on the BSE in Thursday’s intra-day trade in an otherwise range-bound market. In comparison, the S&P BSE Sensex was up 0.13 per cent at 58,760 at 11:01 am.

The stock of the largest aluminum player in India has slipped 8 per cent in the last two days on profit booking. The stock has corrected 9 per cent from its record high of Rs 636 touched on Tuesday, March 29, 2022.

However, in the past three months, Hindalco has outperformed the

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First Published: Mar 31 2022 | 11:23 AM IST

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