Shares of Hindalco Industries have fallen 5.36% in four trading sessions from its recent closing high of Rs 409.25 on 6 June 2022. In the past one year, the stock rose 0.43% while the benchmark Sensex has risen 4.17% during the same period. On the technical front, the stocks daily RSI (relative strength index) stood at 31.478. The RSI oscillates between zero and 100. Traditionally, the RSI is considered overbought when above 70 and oversold when below 30. On the daily chart, the stock was trading below its 50-day, 100-day and 200-day simple moving average (SMA) placed at 471.84, 509.78 and 487.54, respectively. These levels will act as crucial resistance zones in near term. Hindalco Industries, the metals flagship company of the Aditya Birla Group, is the worlds largest aluminium company by revenues, and a major player in copper. It is also one of Asias largest producers of primary aluminium. The companys consolidated net profit rose 99.74% to Rs 3,851 crore on 37.67% rise in net sales to Rs 55,764 crore in Q4 FY22 over Q4 FY21. Powered by Capital Market – Live News
Related Tags
IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
IIFL Capital Services Support WhatsApp Number
+91 9892691696
IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)
This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.