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Hindalco Industries slips on reporting 2% fall in Q1 net profit

  • Aug-11-2017
  • 14 Hrs IST

Hindalco Industries is currently trading at Rs. 220.25, down by 17.55 points or 7.38% from its previous closing of Rs. 237.80 on the BSE.

The scrip opened at Rs. 236.40 and has touched a high and low of Rs. 236.40 and Rs. 218.65 respectively. So far 1195413 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 244.80 on 08-Aug-2017 and a 52 week low of Rs. 138.60 on 11-Aug-2016.

Last one week high and low of the scrip stood at Rs. 244.80 and Rs. 218.20 respectively. The current market cap of the company is Rs. 50815.55 crore.

The promoters holding in the company stood at 34.69%, while Institutions and Non-Institutions held 45.84% and 13.32% respectively.

Hindalco Industries has reported a fall of 1.55% in its net profit at Rs 289.51 crore for the quarter ended June 30, 2017 as compared to Rs 294.07 crore for the same quarter in the previous year. However, total income of the company increased by 27.16% at Rs 10663.37 crore for Q1FY18 as compared Rs 8385.55 crore for the corresponding quarter previous year. 

Hindalco Industries is an industry leader in aluminium and copper. The company’s aluminium units across the country encompass the entire gamut of operations from bauxite mining, alumina refining, aluminium smelting to downstream rolling, extrusions, foils and alloy wheels, along with captive power plants and coal mines.