Hindalco Industries Ltd., incorporated in the year 1958, is a Large Cap company (having a market cap of Rs 92743.13 Crore) operating in Metals – Non Ferrous sector.
Financials
For the quarter ended 31-12-2020, the company reported a Consolidated Total Income of Rs 35281.00 Crore, up 11.90 % from last quarter Total Income of Rs 31528.00 Crore and up 19.62 % from last year same quarter Total Income of Rs 29494.00 Crore. Company reported net profit after tax of Rs 1875.00 Crore in latest quarter.
Investment Rationale
After a reversal formation from its important retracement zone, the stock closed above its 20-day EMA on the daily chart, indicating bullish continuation.
Promoter/FII Holdings
Promoters held 34.7 per cent stake in the company as of Dec 30, 2020, while FIIs held 23.1 per cent, DIIs 22.1 per cent and public and others 20.2 per cent.
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