Hindalco Industries Ltd eases for fifth straight session

Hindalco Industries Ltd is quoting at Rs 126.25, down 8.38% on the day as on 13:24 IST on the NSE. The stock tumbled 37.59% in last one year as compared to a 13.97% slide in NIFTY and a 38.24% fall in the Nifty Metal index.

Mar 12, 2020 08:03 IST capital market

Hindalco Industries Ltd dropped for a fifth straight session today. The stock is quoting at Rs 126.25, down 8.38% on the day as on 13:24 IST on the NSE. The benchmark NIFTY is down around 6.7% on the day, quoting at 9757.8. The Sensex is at 33357.1, down 6.56%.Hindalco Industries Ltd has eased around 35.34% in last one month.Meanwhile, Nifty Metal index of which Hindalco Industries Ltd is a constituent, has eased around 30.46% in last one month and is currently quoting at 1986.95, down 7.2% on the day. The volume in the stock stood at 88.98 lakh shares today, compared to the daily average of 103.17 lakh shares in last one month.

The benchmark March futures contract for the stock is quoting at Rs 126.35, down 8.57% on the day. Hindalco Industries Ltd tumbled 37.59% in last one year as compared to a 13.97% slide in NIFTY and a 38.24% fall in the Nifty Metal index.

The PE of the stock is 53.91 based on TTM earnings ending December 19.

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