Log in
Log in
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
Sign up
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
  1. Homepage
  2. Equities
  3. India
  4. Bombay Stock Exchange
  5. Hindalco Industries Limited
  6. News
  7. Summary
    500440   INE038A01020

HINDALCO INDUSTRIES LIMITED

(500440)
  Report
End-of-day quote Bombay Stock Exchange  -  2022-12-04
481.45 INR   +4.46%
05:53aWeak Auto, Pharma Stocks Weigh Down Indian Equities; Hindalco Industries Top Gainers
MT
12/04INDIA STOCKS-Indian shares slip as oil jumps on easing China COVID curbs
RE
12/01Prospects of Slower Rate Hikes in US Push Indian Equities to Another Record Closing Peak
MT
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisionsFunds 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

INDIA STOCKS-Metals, energy lift Indian shares higher; cenbank actions eyed

09/29/2022 | 01:29am EST

BENGALURU, Sept 29 (Reuters) - Indian shares rose on Thursday after six consecutive sessions of losses, boosted by gains in beaten down metals and energy companies, with investors eyeing initiatives from central banks to allay fears of a global recession.

The NSE Nifty 50 index rose 0.6% to 16,948.50 as of 0511 GMT, while the S&P BSE Sensex gained 0.5% to 56,864.11.

Global equities staged a partial comeback after Britain's central bank launched an emergency bond buying programme to stabilise the market in an attempt to dampen investors' concerns of a contagion across the financial system.

"Thursday's bounce has more to do with UK's measures and positive global cues. Some amount of short squeeze also can happen due to the expiry day," said Anita Gandhi, director at Arihant Capital Markets.

Investors were likely positioning ahead of the Reserve Bank of India's policy decision on Friday, when the central bank is widely expected to raise interest rates, analysts said.

"More than rate hikes, the commentary of the RBI will also be very essential," Gandhi said, adding that sharp correction in the markets has made valuations look "attractive."

Foreign institutional investors (FIIs) sold a net 27.72 billion Indian rupees ($340.5 million) worth of equities on Wednesday, while domestic investors purchased 25.44 billion rupees of shares, as per provisional data available with the National Stock Exchange.

FIIs have sold nearly 106.97 billion rupees worth Indian equities so far into the week until Wednesday, NSE data showed.

The Nifty metals index rose 2.5% after losing nearly 7% this week as of Wednesday, while the energy index gained 1% after falling nearly 5%.

Hindalco Industries was the top Nifty 50 gainer, rising 3.5%, while Asian Paints the top loser, falling 2.5%.

Indian cosmetics-to-fashion retailer Nykaa's parent FSN E-Commerce Ventures rose as much as 5.6% after the company said it will consider an issue of bonus shares. ($1 = 81.4060 Indian rupees) (Reporting by Nallur Sethuraman in Bengaluru; Editing by Savio D'Souza and Dhanya Ann Thoppil)


ę Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
ASIAN PAINTS LIMITED 0.43% 3156.9 Delayed Quote.-7.08%
FSN E-COMMERCE VENTURES LIMITED -1.43% 175.8 Delayed Quote.-49.08%
HINDALCO INDUSTRIES LIMITED 4.46% 481.45 End-of-day quote.1.23%
All news about HINDALCO INDUSTRIES LIMITED
05:53aWeak Auto, Pharma Stocks Weigh Down Indian Equities; Hindalco Industries Top Gainers
MT
12/04INDIA STOCKS-Indian shares slip as oil jumps on easing China COVID curbs
RE
12/01Prospects of Slower Rate Hikes in US Push Indian Equities to Another Record Closing Pea..
MT
11/30Metal, Power and Auto Stocks Bring Indian Equities to Seventh Consecutive Day of Gains
MT
11/28Oil & Gas Stocks Lead Gainers on Monday as Indian Equities Close at Record High
MT
11/21Public Sector Banks Withstand Weakness in Indian Equities; Oil & Natural Gas Drops 6%
MT
11/17India bucks global trend with robust copper demand this year
RE
11/15Hindalco Industries : News Verification
PU
11/14Hindalco reports second quarter FY23 results
AQ
11/14Indian Indices Open Week in Red; Hindalco Industries Jumps 6%
MT
More news
Analyst Recommendations on HINDALCO INDUSTRIES LIMITED
More recommendations
Financials
Sales 2023 2 031 B 24 831 M 24 831 M
Net income 2023 114 B 1 399 M 1 399 M
Net Debt 2023 372 B 4 544 M 4 544 M
P/E ratio 2023 9,32x
Yield 2023 1,03%
Capitalization 1 060 B 12 959 M 12 959 M
EV / Sales 2023 0,70x
EV / Sales 2024 0,72x
Nbr of Employees -
Free-Float 63,6%
Chart HINDALCO INDUSTRIES LIMITED
Duration : Period :
Hindalco Industries Limited Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends HINDALCO INDUSTRIES LIMITED
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 20
Last Close Price 481,45 INR
Average target price 510,35 INR
Spread / Average Target 6,00%
EPS Revisions
Managers and Directors
Satish P. Pai Managing Director & Executive Director
Anil Kishan Kumar Malik President, Secretary & Compliance Officer
Praveen Kumar Maheshwari Chief Financial Officer
Kumar Mangalam Birla Non-Executive Chairman
Vilas Tathavadkar Chief Technology Officer
Sector and Competitors