Hindalco share advances after earning report

stock market

Shares of Hindalco Industries, a leading company in Aluminium & Copper, gained 2% intraday on Thursday after the company’s reported Q4 earning results today.

As per the earning numbers, the company’s Profit After Tax (PAT) for the quarter narrowed by 37.4percent at Rs.235.82-Crore, while standalone revenue rose by 6.5pc year-over-year to Rs12,455-crore. EBITDA recorded at high of Rs.7532-crore, a 5pc advancement over the previous year.

Reacting to the results, Hindalco share price hit an intraday high at Rs194.85 per share over 2 percent, and is currently trading (during the afternoon hours of trade) at Rs.193.80per share up by Rs.3.15 from its previous close of 190.65.  Meanwhile Sensex quoted at 37237-level up by 122 points and Nifty at 11208, up 51 points.

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