Hindalco Industries fell 3.51% to Rs 133.20 at 11:51 IST on BSE after media reports suggested that former Indian Prime Minister Manmohan Singh is accused of criminal conspiracy in allocation of coal block to the company.
Meanwhile, the BSE Sensex was down 32.52 points, or 0.11%, to 28,677.35.
On BSE, so far 7.46 lakh shares were traded in the counter, compared with an average volume of 8.95 lakh shares in the past one quarter.
The stock hit a high of Rs 138.90 and a low of Rs 131 so far during the day. The stock hit a 52-week high of Rs 198.70 on 25 July 2014. The stock hit a 52-week low of Rs 113.65 on 14 March 2014.
The stock had underperformed the market over the past one month till 10 March 2015, falling 7.47% compared with 1.25% rise in the Sensex. The scrip had also underperformed the market in past one quarter, falling 10.47% as against Sensex's 3.16% rise.
The large-cap company has an equity capital of Rs 206.50 crore. Face value per share is Re 1.
Hindalco Industries' net profit rose 7.6% to Rs 359.36 crore on 17.9% rise in total income to Rs 8815.51 crore in Q3 December 2014 over Q3 December 2013.
Hindalco, a part of Aditya Birla Group, is the aluminium rolling company. It is one of the three biggest producers of primary aluminium in Asia with the largest single location copper smelter.
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