Hindalco’s net profit increased by a massive 78%, strong action can be seen in the shares today

Hindalco Reuters 1731347030

The second quarter was quite spectacular for Hindalco Industries, the flagship company of the Aditya Birla Group. In the second quarter (July-September) of FY 2024-25, the net profit of Hindalco Industries grew 78 percent to Rs 3909 crore. Hindalco today released its second-quarter financial results. Whereas in the second quarter of the previous financial year, the company’s net profit was Rs 2196 crore. The company said in an exchange filing that its total income has also increased in the second quarter of the current financial year and this time it was Rs 59,278 crore as compared to Rs 54,632 crore in the second quarter of the previous 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 in terms of revenue. On the basis of the company’s excellent results, tremendous action can be seen in Hindalco’s shares tomorrow i.e. Tuesday. Let us tell you that the poor financial results of companies are one of the biggest reasons for the current conditions of the stock market.

The stock saw a gain of 0.78% on Monday.

Hindalco shares on Monday closed at Rs 655.20, up by Rs 5.05 (0.78%). The company’s shares which closed at Rs 650.15 on Friday last week, opened marginally lower at Rs 649.75 today. During today’s trading, Hindalco shares touched an intraday low of Rs 638.65 and an intraday high of Rs 657.50 and finally closed at Rs 655.20. According to BSE data, the 52-week high of Hindalco shares is Rs 772.00 and the 52-week low is Rs 479.75.

How has 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 its investors a negative return 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 and 184.83 percent in the last 10 years.