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    500440   INE038A01020


End-of-day quote Bombay Stock Exchange  -  2022-10-03
394.00 INR   +3.41%
08:57aLondon Metal Exchange ducks Russian sanctions pressure: Andy Home
10/03INDIA STOCKS-Indian shares fall as inflation fears loom on oil surge
09/30Indian Indices Snap Losing Run; Hindalco Industries Jumps 5%
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Indian shares fall on metal stocks; inflation data in focus

04/12/2022 | 06:47am EDT
FILE PHOTO: FILE PHOTO: A security guard walks past the logo of the National Stock Exchange inside its building in Mumbai

BENGALURU, April 12 (Reuters) - Indian shares fell for a second straight session on Tuesday ahead of inflation data expected to build the case for an interest rate hike, with metals stocks leading the losses on concerns over demand.

The NSE Nifty 50 index closed down 0.82% at 17,530.30, while the S&P BSE Sensex dropped 0.66% to 58,576.37.

"Hyperinflation and risk of a policy rate hike are placing the global market on its toes and are impacting the performance of equities with a rise in yield," said Vinod Nair, head of research at Geojit Financial Services.

"Inflation in India is also expected to be on the higher side in Q1, but it is expected to subside due to a reversal of commodity prices and improvement in supply."

A Reuters poll of economists estimated that India's retail inflation likely sped up to a 16-month high of 6.35% in March, well above the Reserve Bank of India's upper tolerance band for a third straight month.

The Nifty Metals index was the top drag among sectoral indexes, with aluminum producers Hindalco Industries and National Aluminium Co declining 5.9% and 3.5%, respectively.

Tech stocks were also a major drag on the benchmark index, with Nifty IT index falling 1.5% as valuations remain steep, analysts said.

Sector behemoth Tata Consultancy Services kick-started the domestic earnings season on Monday, reporting a higher profit due to large deal signings. But its shares ended down 0.1% on Tuesday.

(Reporting by Nallur Sethuraman in Bengaluru; Editing by Aditya Soni)

© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
AUSTRALIAN DOLLAR / US DOLLAR (AUD/USD) -0.17% 0.64924 Delayed Quote.-11.58%
BANK OF INDIA LIMITED 1.69% 48 End-of-day quote.-6.52%
BRITISH POUND / US DOLLAR (GBP/USD) 0.86% 1.14336 Delayed Quote.-17.70%
CANADIAN DOLLAR / US DOLLAR (CAD/USD) 0.48% 0.73725 Delayed Quote.-8.29%
EURO / US DOLLAR (EUR/USD) 1.38% 0.99676 Delayed Quote.-13.52%
HINDALCO INDUSTRIES LIMITED 3.41% 394 End-of-day quote.-17.16%
INDIAN RUPEE / US DOLLAR (INR/USD) 0.17% 0.012292 Delayed Quote.-8.63%
NATIONAL ALUMINIUM COMPANY LIMITED 3.20% 70.85 End-of-day quote.-29.78%
NEW ZEALAND DOLLAR / US DOLLAR (NZD/USD) 0.24% 0.57388 Delayed Quote.-17.80%
NIFTY 50 2.29% 17274.3 Delayed Quote.-2.69%
NIFTY 500 2.24% 14965.8 Delayed Quote.-2.39%
SENSEX BSE30 2.25% 58065.47 Real-time Quote.-2.51%
TATA CONSULTANCY SERVICES LTD. 3.56% 3091.15 Delayed Quote.-20.15%
08:57aLondon Metal Exchange ducks Russian sanctions press..
10/03INDIA STOCKS-Indian shares fall as inflation fears loom on oil surge
09/30Indian Indices Snap Losing Run; Hindalco Industries Jumps 5%
09/30INDIA STOCKS-Indian shares rise 2% as banks surge after RBI rate hike
09/29Indian Indices Close Lower on Thursday; Asian Paints Slide 5%
09/29INDIA STOCKS-Metals, energy lift Indian shares higher; cenbank actions eyed
09/28INDIA STOCKS-Indian shares end near two-month lows on fears of global recession
09/28Indian Indices Continue Losing Streak; Hindalco Industries Tops Losers
09/26Indian Indices Open Week in the Red; Tata Motors Slumps 6%
09/26INDIA STOCKS-Indian shares fall nearly 2% on global growth worries
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Analyst Recommendations on HINDALCO INDUSTRIES LIMITED
More recommendations
Sales 2023 2 005 B 24 591 M 24 591 M
Net income 2023 121 B 1 485 M 1 485 M
Net Debt 2023 361 B 4 430 M 4 430 M
P/E ratio 2023 7,18x
Yield 2023 1,30%
Capitalization 867 B 10 637 M 10 637 M
EV / Sales 2023 0,61x
EV / Sales 2024 0,62x
Nbr of Employees -
Free-Float 59,5%
Duration : Period :
Hindalco Industries Limited Technical Analysis Chart | MarketScreener
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Technical analysis trends HINDALCO INDUSTRIES LIMITED
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus BUY
Number of Analysts 21
Last Close Price 394,00 INR
Average target price 527,33 INR
Spread / Average Target 33,8%
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