500 Internal Server Error

  1. Homepage
  2. Equities
  3. India
  4. Bombay Stock Exchange
  5. Hindalco Industries Limited
  6. News
  7. Summary
    500440   INE038A01020


End-of-day quote Bombay Stock Exchange  -  2022-06-30
341.25 INR   +0.72%
06/29Hindalco to Acquire 26% Stake in Wind Energy Firm
06/28Indian Indices Close Marginally Higher; Oil & Natural Gas Jumps 6%
06/27Indian shares hit over two-week high on tech, metal boost
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Indian shares settle higher as metals rally; LIC slides on debut

05/17/2022 | 07:04am EDT
FILE PHOTO: A man walks past a hoarding of LIC after the press conference of the LIC IPO launch, in Mumbai

BENGALURU, May 17 (Reuters) - Indian shares extended gains to a second session as metal stocks rallied over hopes of revival in demand as top consumer China steps out of COVID related lockdowns, even as Life Insurance Corp of India slid in its market debut.

The NSE Nifty 50 index settled 2.63% higher at 16,259.30, while the S&P BSE Sensex closed 2.54% higher at 54,318.47.

Nifty's metal sub-index saw its best session since April 2020 and closed 6.9% higher as London copper and Dalian iron ore prices advanced on optimism COVID-19 lockdowns easing in China would lead to an improvement in demand.

Aluminum and copper producer Hindalco Industries and Tata Steel were the top two percentage gainers on the Nifty 50 index, closing 9.6% and 7.7% higher, respectively.

On the Nifty 50 index, 49 of the 50 stocks settled higher and all major sub-indexes also clocked gains on Tuesday.

Auto components maker Automotive Axles closed 12.2% higher after it reported a rise in March-quarter profit.

The Indian rupee gradually recovered after touching a record low of 77.7975 against the dollar on Tuesday, after the central bank intervened while bond yields edged higher tracking the uptick in global crude oil prices. The rupee settled at 77.565.

Optimism over easing lockdowns in China also supported positive momentum in broader Asia.

Meanwhile, shares of state-owned Life Insurance Corp of India (LIC) slid in their market debut and closed 7.8% lower on Tuesday.

"LIC was never considered a listing gain candidate, considering the market risk, and if you are investing in LIC, that is taking indirect exposure to equity markets as their maximum assets under management go to equity investments with inherent volatility that comes with it," said Prashanth Tapse, vice president of research at Mehta Equities.

(Reporting by Rama Venkat in Bengaluru; Editing by Subhranshu Sahu and Krishna Chandra Eluri)

© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
AUSTRALIAN DOLLAR / INDIAN RUPEE (AUD/INR) -1.26% 53.767515 Delayed Quote.0.73%
AUTOMOTIVE AXLES LIMITED 9.31% 1730.2 End-of-day quote.9.94%
BRITISH POUND / US DOLLAR (GBP/USD) -0.54% 1.2094 Delayed Quote.-10.12%
CANADIAN DOLLAR / INDIAN RUPEE (CAD/INR) -0.04% 61.241 Delayed Quote.4.02%
CANADIAN DOLLAR / US DOLLAR (CAD/USD) -0.09% 0.7756 Delayed Quote.-1.85%
EURO / INDIAN RUPEE (EUR/INR) -0.52% 82.3334 Delayed Quote.-2.41%
EURO / US DOLLAR (EUR/USD) -0.48% 1.0428 Delayed Quote.-7.84%
HINDALCO INDUSTRIES LIMITED 0.72% 341.25 End-of-day quote.-28.25%
INDIAN RUPEE / US DOLLAR (INR/USD) 0.04% 0.012671 Delayed Quote.-5.68%
LIFE INSURANCE CORPORATION OF INDIA 0.41% 676.65 Delayed Quote.0.00%
LONDON BRENT OIL 1.74% 111.38 Delayed Quote.43.00%
NEW ZEALAND DOLLAR / US DOLLAR (NZD/USD) -0.50% 0.6206 Delayed Quote.-8.73%
NIFTY 50 -0.18% 15752.05 Delayed Quote.-9.23%
S&P GSCI ALUMINUM INDEX 0.10% 155.2015 Real-time Quote.-12.98%
S&P GSCI CRUDE OIL INDEX 2.52% 594.2671 Real-time Quote.44.17%
SENSEX BSE30 -0.21% 52907.93 Real-time Quote.-9.18%
TATA STEEL LIMITED 0.73% 873.3 End-of-day quote.-21.43%
US DOLLAR / INDIAN RUPEE (USD/INR) 0.00% 78.919 Delayed Quote.6.04%
WTI 2.10% 108.483 Delayed Quote.40.93%
06/29Hindalco to Acquire 26% Stake in Wind Energy Firm
06/28Indian Indices Close Marginally Higher; Oil & Natural Gas Jumps 6%
06/27Indian shares hit over two-week high on tech, metal boost
06/22Indian Indices Return to Red Midweek; Hindalco Industries Slides 7%
06/21Indian Indices Settle in the Green; Titan Jumps 6%
06/16Indian Indices Plunge into the Red; Tata Steel Slumps 6%
06/06HINDALCO INDUSTRIES : International Aluminium Institute appoints Satish Pai as Board Chair
06/02Hindalco Industries Completes Sale of Brazilian Step-Down Subsidiary
06/02Terrabel Empreedimentos Ltda completed the acquisition of Hindalco Do Brasil Industria ..
05/27Indian shares end higher on global optimism, IT stocks rally
More news
Analyst Recommendations on HINDALCO INDUSTRIES LIMITED
More recommendations
Sales 2022 1 892 B 23 979 M 23 979 M
Net income 2022 136 B 1 727 M 1 727 M
Net Debt 2022 431 B 5 467 M 5 467 M
P/E ratio 2022 5,63x
Yield 2022 1,45%
Capitalization 759 B 9 622 M 9 622 M
EV / Sales 2022 0,63x
EV / Sales 2023 0,54x
Nbr of Employees -
Free-Float 61,0%
Duration : Period :
Hindalco Industries Limited Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends HINDALCO INDUSTRIES LIMITED
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus BUY
Number of Analysts 18
Last Close Price 341,25 INR
Average target price 547,39 INR
Spread / Average Target 60,4%
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