Hindalco Industries is currently trading at Rs. 118.20, up by 0.40 points or 0.34% from its previous closing of Rs. 117.80 on the BSE.
The scrip opened at Rs. 118.30 and has touched a high and low of Rs. 120.70 and Rs. 117.75 respectively. So far 446150 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 137.00 on 02-Jan-2013 and a 52 week low of Rs. 83.05 on 07-Aug-2013.
Last one week high and low of the scrip stood at Rs. 123.25 and Rs. 115.75 respectively. The current market cap of the company is Rs. 24558.22 crore.
The promoters holding in the company stood at 37.00% while Institutions and Non-Institutions held 39.27% and 16.12% respectively. In a bid to expand its aluminium automotive grade production capacity in the US and Germany, Hindalco Industries’ US-based subsidiary, Novelis Inc is planning to invest $205 million.
With the said investment, the company will make new finishing lines at its plants in Oswego, New York, and Nachterstedt, Germany, dedicated to the production of aluminium automotive sheets. The two new lines will each have a capacity of 1,20,000 tonnes a year.
Novelis is one of the world's leading providers of aluminium automotive sheet, which auto manufacturers are turning to for making structural components and exterior body panels. The company’s products are used in over 180 different vehicle models produced by leading automakers around the globe.
| Company Name | CMP |
|---|---|
| Hindalco | 1038.95 |
| Vedanta | 787.60 |
| Hindustan Zinc | 592.35 |
| Jain Resource Recycl | 420.90 |
| Gravita India | 1639.80 |
| View more.. | |
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