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Hindalco Industries gains on getting nod to acquire fabrication facility of Home Build Tech

27 May 2024 Evaluate

Hindalco Industries is currently trading at Rs. 676.95, up by 3.85 points or 0.57% from its previous closing of Rs. 673.10 on the BSE.

The scrip opened at Rs. 686.45 and has touched a high and low of Rs. 689.55 and Rs. 675.60 respectively. So far 467147 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 699.45 on 22-May-2024 and a 52 week low of Rs. 402.80 on 26-May-2023.

Last one week high and low of the scrip stood at Rs. 699.45 and Rs. 663.40 respectively. The current market cap of the company is Rs. 152900.61 crore.

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

Hindalco Industries’ board has approved an acquisition of fabrication facility of Home Build Tech India (HBT) for cash consideration of around Rs 34 crore, by way of entering into a binding memorandum of understanding (MoU). 

The acquisition shall be effectuated through a Special Purpose Vehicle (to be incorporated as a wholly owned subsidiary of the Company), as a part of the transaction. Objects of acquisition is to accelerate the retail business of ‘Eternia’, a downstream brand of the company. The said acquisition is expected to be competed in 4-6 months.    

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

1038.95 -0.70 (-0.07%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Hindalco 1038.95
Vedanta 787.60
Hindustan Zinc 592.35
Jain Resource Recycl 420.90
Gravita India 1639.80
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