SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Hindalco Industries surges on inking MoU with Indian Coast Guard

13 May 2024 Evaluate

Hindalco Industries is currently trading at Rs. 632.85, up by 7.20 points or 1.15% from its previous closing of Rs. 625.65 on the BSE.

The scrip opened at Rs. 625.65 and has touched a high and low of Rs. 636.00 and Rs. 614.55 respectively. So far 159840 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 661.30 on 26-Apr-2024 and a 52 week low of Rs. 398.00 on 25-May-2023.

Last one week high and low of the scrip stood at Rs. 654.90 and Rs. 611.65 respectively. The current market cap of the company is Rs. 142473.53 crore.

The promoters holding in the company stood at 34.64%, while Institutions and Non-Institutions held 52.81% and 8.85% respectively.

Indian Coast Guard (ICG) and Hindalco Industries have inked a Memorandum of Understanding (MoU) in New Delhi for the manufacturing and supply of indigenous marine-grade aluminium to Indian public and private shipyards for the construction of ships. The MoU will also provide benefits such as quarterly pricing, priority in supplies and Turnover discount.

The ICG fleet is presently operating 67 ships with aluminium hull with capability of operating in shallow waters. To further boost coastal security, it has planned to induct more such vessels where the indigenously manufactured marine-grade aluminium will be utilised.

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.


Hindalco Share Price

1041.40 1.20 (0.12%)
23-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Hindalco 1041.40
Vedanta 735.60
Hindustan Zinc 592.05
Jain Resource Recycl 409.85
Gravita India 1587.30
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×