Hindalco trades higher after record Q2; analysts hold Buy ratings despite target cuts
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Hindalco shares traded at ₹959.85 on Monday after the company reported record quarterly results on Thursday.
- ✓Net profit reached an all-time high of ₹7,533 crore, rising 59 per cent.
- ✓Many analysts kept buy ratings for the stock, even though some trimmed their target prices due to higher production costs ahead.
Story at a Glance
- Category
- Indian Markets
- Reported By
- Business Line
- Reading Speed
- 2 Minute(s)
- Market Focus
- India Economy
Shares of Hindalco Industries were trading at ₹959.85, up 0.72 per cent or ₹6.85, on the National Stock Exchange around 11:57 am on Monday, following the company’s record quarterly results released on Thursday. The stock opened at ₹947.90, touched an intraday high of ₹960.70 and a low of ₹919.30. Buy orders accounted for 57.91 per cent of total activity, with traded volume of 47.20 lakh shares worth ₹444.28 crore. The stock’s 52-week range is ₹771.85 to ₹1,176.
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