Hindalco Industries Ltd down for fifth straight session

Hindalco Industries Ltd is quoting at Rs 158.25, down 6% on the day as on 13:24 IST on the NSE. The stock tumbled 19.32% in last one year as compared to a 3.84% rally in NIFTY and a 22.06% fall in the Nifty Metal index.

Feb 28, 2020 08:02 IST capital market

Hindalco Industries Ltd is down for a fifth straight session today. The stock is quoting at Rs 158.25, down 6% on the day as on 13:24 IST on the NSE. The benchmark NIFTY is down around 3.03% on the day, quoting at 11281.1. The Sensex is at 38577.64, down 2.94%.Hindalco Industries Ltd has lost around 19.97% in last one month.Meanwhile, Nifty Metal index of which Hindalco Industries Ltd is a constituent, has eased around 14.55% in last one month and is currently quoting at 2410.05, down 5.48% on the day. The volume in the stock stood at 84.04 lakh shares today, compared to the daily average of 78.26 lakh shares in last one month.

The benchmark March futures contract for the stock is quoting at Rs 158.5, down 6.16% on the day. Hindalco Industries Ltd tumbled 19.32% in last one year as compared to a 3.84% rally in NIFTY and a 22.06% fall in the Nifty Metal index.

The PE of the stock is 65.76 based on TTM earnings ending December 19.

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