News: Hindalco Industries Ltd (HALC.BO)

HALC.BO on Bombay Stock Exchange

167.70INR
12:56pm IST
Price Change (% chg)

Rs7.55 (+4.71%)
Prev Close
Rs160.15
Open
Rs162.20
Day's High
Rs167.75
Day's Low
Rs162.00
Volume
751,001
Avg. Vol
878,573
52-wk High
Rs198.70
52-wk Low
Rs96.95

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Metal stocks gain after China stimulus

Reuters Market Eye - Tata Steel gains 2.5 percent, while Hindalco Industries is up 2.8 percent.

MARKET EYE -India's metal stocks gain after China stimulus

* Tata Steel gains 2.5 pct, while Hindalco Industries is up 2.8 pct. * Sesa Sterlite surges 3.2 pct, while Jindal Steel and Power advances 2.5 pct. * Traders expect China's unexpected interest rate cut on Friday to boost demand. * Prospects of further stimulus by China to support world's second biggest economy remain bright - analysts. * China currently consumes around half of the world's metals - World Bank Data. * Also, the European Central Bank indicates it would step up asset purchases to

Hindalco Q2 profit hit by one-time provisions

MUMBAI - Aluminium and coal producer Hindalco Industries Ltd posted a steep 78 percent drop in quarterly net profit, hurt by a one-time provision for additional levies related to the deallocation of one of its coal mines.

India's Hindalco Q2 profit hit by one-time provisions

MUMBAI, Nov 13 - Indian aluminium and coal producer Hindalco Industries Ltd posted a steep 78 percent drop in quarterly net profit, hurt by a one-time provision for additional levies related to the deallocation of one of its coal mines.

Indian shares fall tracking global markets; metals, miners drop

MUMBAI, Oct 16 - Indian shares fell for a second consecutive session on Thursday, as companies seen most exposed to the global economy such as Hindalco Industries and Sesa Sterlite declined tracking a downturn in global markets.

Hindalco surges; rival Alcoa earnings beat forecasts

Reuters Market Eye - Hindalco Industries jumps 4 percent. Global rival Alcoa Inc's earnings beat forecasts, propelled by higher aluminium prices.

MARKET EYE -India's Hindalco surges; rival Alcoa earnings beat forecasts

* Hindalco Industries jumps 4 percent. * Global rival Alcoa Inc's earnings beat forecasts, propelled by higher aluminium prices. * Augurs well for the company's unit Novelis Inc, investors say. * Novelis is the world's largest producer of rolled aluminium products. (abhishek.vishnoi@thomsonreuters.com / abhishek.vishnoi.thomsonreuters.com@reuters.net)

Indian shares hit 2-month closing low; cyclical stocks drag

MUMBAI, Oct 7 - Indian shares fell for a second straight session on Tuesday to their lowest closing level in nearly two months as cyclical stocks such as Hindalco Industries declined ahead of the earnings reporting season.

Hindalco gains on value buying

Reuters Market Eye - Hindalco Industries gains 2.9 percent.

MARKET EYE -India's Hindalco gains on value buying

* Hindalco Industries gains 2.9 percent. * Value buying seen after 9.2 percent slump over the previous four sessions. * India's top court cancelled Hindalco's Talabira I/II and Mahan coal blocks on Wednesday. * Investors say de-allocation of Mahan and Talabira II would have little impact. * The blocks were not producing and were awaiting environmental clearance, they add. (abhishek.vishnoi@thomsonreuters.com / abhishek.vishnoi.thomsonreuters.com@reuters.net)

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