Hindalco Industries Ltd.

Hindalco Industries is currently trading at Rs. 250.95, up by 5.05 points or 2.05% from its previous closing of Rs. 245.90 on the BSE.

The scrip opened at Rs. 247.00 and has touched a high and low of Rs. 251.50 and Rs. 245.90 respectively. So far 532938 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 251.50 on 07-Sep-2017 and a 52 week low of Rs. 138.75 on 14-Sep-2016.

Last one week high and low of the scrip stood at Rs. 251.50 and Rs. 236.50 respectively. The current market cap of the company is Rs. 56258.52 crore.

The promoters holding in the company stood at 34.69%, while Institutions and Non-Institutions held 45.84% and 13.32% respectively.

Hindalco is reportedly planning to invest in new capacities for automobile component offerings from its Canadian subsidiary Novelis. Also, the company is planning to expand manufacturing lines to grow its auto shipments to a quarter of the total production capacity.

Moreover, the company is considering expanding Novelis’ auto lines in the US and China to tap rising demand for aluminium sheets used for automotive purposes.

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.