Hindalco Industries slips after weak Q4 earnings

Hindalco Industries fell 1.54% to Rs 239.35 at 14:47 IST on BSE after net profit fell 25% to Rs 376.97 crore on 5.9% rise in net sales to Rs 11681.10 crore in Q4 March 2018 over Q4 March 2017.

The result was announced during trading hours today, 16 May 2018.

Meanwhile, the S&P BSE Sensex was down 142.71 points, or 0.40% to 35,401.23.

On the BSE, 8.84 lakh shares were traded in the counter so far compared with average daily volumes of 8.62 lakh shares in the past two weeks. The stock had hit a high of Rs 247.30 and a low of Rs 237.40 so far during the day. The stock hit a record high of Rs 283.95 on 5 January 2018. The stock hit a 52-week low of Rs 184.70 on 23 May 2017.

 

Hindalco Industries (HIL) is a leading player in aluminium and copper manufacturing.

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