Hindalco Industries rises on the bourses
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Hindalco Industries is currently trading at Rs. 433.00, up by 4.20 points or 0.98% from its previous closing of Rs. 428.80 on the BSE.
The scrip opened at Rs. 431.90 and has touched a high and low of Rs. 436.80 and Rs. 430.00 respectively. So far 107955 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 636.00 on 29-Mar-2022 and a 52 week low of Rs. 309.00 on 20-Jun-2022.
Last one week high and low of the scrip stood at Rs. 441.00 and Rs. 413.60 respectively. The current market cap of the company is Rs. 97864.48 crore.
The promoters holding in the company stood at 34.64%, while Institutions and Non-Institutions held 46.29% and 15.38% respectively.
Hindalco Industries had planned a total capital expenditure of about $8 billion over the next five years in its arm Novelis and India. Novelis has found potential investment opportunities of $4.5 billion, while the company has identified potential investment opportunities of nearly $3 billion in India.
Besides, 70 per cent of the company's consolidated cash flows will be allocated towards high-growth downstream segments, including EVs, mobility, batteries and Consumer durables.
Hindalco Industries is an industry leader in aluminium and copper. The company’s aluminium units across the country encompass the entire gamut of operations from bauxite mining, alumina refining, aluminium smelting to downstream rolling, extrusions, foils and alloy wheels, along with captive power plants and coal mines.
