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Hindalco Industries Ltd drops for fifth straight session

Capital Market 

Hindalco Industries Ltd is quoting at Rs 196.45, down 0.58% on the day as on 13:24 IST on the NSE. The stock tumbled 14.23% in last one year as compared to a 5.53% rally in NIFTY and a 18.54% fall in the Nifty Metal index.

Hindalco Industries Ltd fell for a fifth straight session today. The stock is quoting at Rs 196.45, down 0.58% on the day as on 13:24 IST on the NSE. The benchmark NIFTY is down around 0.05% on the day, quoting at 11552.7. The Sensex is at 38686.77, down 0.09%.Hindalco Industries Ltd has eased around 0.91% in last one month.Meanwhile, Nifty Metal index of which Hindalco Industries Ltd is a constituent, has eased around 4.27% in last one month and is currently quoting at 2791.2, down 0.11% on the day. The volume in the stock stood at 42.94 lakh shares today, compared to the daily average of 65.77 lakh shares in last one month.

The benchmark July futures contract for the stock is quoting at Rs 196.85, down 0.48% on the day. Hindalco Industries Ltd tumbled 14.23% in last one year as compared to a 5.53% rally in NIFTY and a 18.54% fall in the Nifty Metal index.

The PE of the stock is 36.8 based on TTM earnings ending March 19.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, July 09 2019. 13:35 IST
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