Monday, 30 May 2016

Hindalco Industries surges 8% post Q4 results

The company posted a net profit of Rs. 3563.30 million for the quarter ended March 31, 2016 where as the same was at Rs. 1595.30 million for the quarter ended March 31, 2015.

Hindalco Industries Ltd stock was higher by 8% at Rs.99.The company posted a net profit of Rs. 3563.30 million for the quarter ended March 31, 2016 where as the same was at Rs. 1595.30 million for the quarter ended March 31, 2015.

Total income is Rs. 88716.60 million for the quarter ended March 31, 2016 where as the same was at Rs. 96016.30 million for the quarter ended March 31, 2015.

The scrip opened at Rs. 99.8 and has touched a high and low of Rs. 101 and Rs. 98.25 respectively. So far 11911080(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 18966.89 crore.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 133.9 on 28-May-2015 and a 52 week low of Rs. 58.85 on 12-Feb-2016. Last one week, high and low of the scrip stood at Rs. 92.7 and Rs. 83.6 respectively.

The promoters holding in the company stood at 37.69 % while Institutions and Non-Institutions held 38.5 % and 23.81 % respectively.

The stock is currently trading above its 50 DMA.

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