Meanwhile, the BSE Sensex was up 34.01 points or 0.21% to 16,064.10.

On BSE, 14.10 lakh shares were traded in the counter as against average daily volume of 12.53 lakh shares in the past one quarter.

The stock hit a low of Rs 107.85 so far during the day, which is a 52-week low for the counter. The stock hit a high of Rs 112.50 so far during the day. The stock had hit a 52-week high of Rs 199.90 on 30 May 2011.

The stock had underperformed the market over the past one month till 16 May 2012, falling 11% compared with the Sensex's 6.54% fall. The scrip had also underperformed the market in past one quarter, tumbling 28.5% as against the Sensex's 11.7% fall.

The large-cap aluminium and copper maker has an equity capital of Rs 191.45 crore. Face value per share is Re 1.

Hindalco's net profit declined 9.7% to Rs 639.99 crore on 11.9% growth in net sales to Rs 7563.33 crore in Q4 March 2012 over Q4 March 2011. Net profit rose 4.7% to Rs 2237.20 crore on 11.5% growth in net sales to Rs 26353.06 crore in the year ended 31 March 2012 over the year ended 31 March 2011. The company announced the results on 8 May 2012.

Hindalco Industries said at the time of announcement of the Q4 results that volatile commodity prices and spiraling energy costs pose significant challenge for the company. Hindalco said it is confident of mitigating the cost pressure to a larger extent on the strength of integration in its operations and operational efficiencies.

Hindalco Industries is the world's largest aluminium rolling company and one of the biggest producers of primary aluminium in Asia. Its copper smelter is the world's largest custom smelter at a single location.