Huge increase of 78% in Hindalco’s net profit, strong action can be seen in shares tomorrow
Aditya Birla Group The second quarter was quite spectacular for Hindalco Industries, the flagship company of India. In the second quarter (July-September) of the financial year 2024-25, the net profit of Hindalco Industries increased by 78 percent to Rs 3909 crore. Hindalco today released its second quarter financial results. Whereas in the second quarter of the last financial year, the company’s net profit was Rs 2196 crore. The company said in an exchange filing that their total income has also increased in the second quarter of the current financial year and it stood at Rs 59,278 crore this time compared to Rs 54,632 crore in the second quarter of the last financial year.
Hindalco is the world’s largest aluminum company
Hindalco’s valuation is $26 billion and it is the world’s largest aluminum company by revenue. On the basis of the excellent results of the company, tremendous action can be seen in the shares of Hindalco tomorrow i.e. on Tuesday. Let us tell you that poor financial results of companies are one of the biggest reasons for the current conditions of the stock market.
Shares saw a rise of 0.78 percent on Monday
On Monday, Hindalco shares closed at Rs 655.20 with a rise of Rs 5.05 (0.78%). The company’s shares, which closed at Rs 650.15 on Friday last week, opened with a slight fall today at Rs 649.75. During trading today, Hindalco shares touched an intraday low of Rs 638.65, an intraday high of Rs 657.50 and finally closed at Rs 655.20. According to BSE data, 52 week high of Hindalco shares is Rs 772.00 and 52 week low is Rs 479.75.
How has been the history of the company’s shares?
The current market cap of the company is Rs 1,47,237.63 crore. According to BSE data, Hindalco shares have given negative returns to its investors of 2.32 percent in the last 1 month, 9.40 percent in the last 6 months, 22.48 percent in the last 1 year, 28.64 percent in the last 2 years, 97.04 percent in the last 5 years. percent and has given returns of 184.83 percent in the last 10 years.
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