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.

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