Hindalco Industries Ltd up by 7.47% | Espresso Market Updates


Espresso Shot of the Day - Hindalco Industries Ltd up by 7.47 percent

February 28, 2022
Espresso Shot of the Day - Hindalco Industries Ltd up by 7.47 percent

HINDALCO INDUSTRIES LTD 573.70  (+7.47%) BSE – INE038A01020 | 28TH FEBRUARY 2022

Hindalco Industries Limited is the metals flagship company of the Aditya Birla Group. A US$18 billion metals powerhouse, Hindalco is an industry leader in aluminium and copper. Hindalco’s acquisition of Aleris Corporation in April 2020, through its subsidiary Novelis Inc., has cemented the company's position as the world’s largest flat-rolled products player and as a recycler of aluminium. Hindalco’s state-of-the-art copper facility comprises a world-class copper smelter and a fertilizer plant along with a captive jetty. The copper smelter is among Asia's largest custom smelters at a single location. In India, the company’s aluminium units across the country encompass the gamut of operations from bauxite mining, alumina refining, coal mining, captive power plants and aluminium smelting to downstream rolling, extrusions and foils. Today, Hindalco ranks among the global aluminum majors as an integrated producer and has a footprint in 9 countries outside India.

Recent Drivers

  • On Feb 28, 2022, the Company announced that it has entered into a share purchase agreement with Terrabel Empreedimentos Ltd, a Brazilian firm which will divest its entire equity shareholding in Hindalco Do Brazil Industria Comercia de Alumina LTDA (HDB).
  • On Feb 21, 2022, Novelis Inc, a subsidiary of Hindalco Industries, will build a USD 50 million (around Rs.373 crores) recycling and casting centre in South Korea to expand low carbon aluminium production.
  • On Feb 14, 2022, the company allotted 1,192 equity shares of face value of Rs.1/- each as ESOP.
  • On Feb 11, 2022, the metals company reported Net Sales of Rs.50, 272.00 crores in December 2021, up 43.81% from Rs.34, 958 crores in December 2020.
  • On Feb 11, 2022, the company reported a Quarterly Net Profit of Rs.3, 675 crores in December 2021, up 95.79% from Rs.1, 877 crores in December 2020.
  • On Jan 12, 2022, Novelis, the wholly owned subsidiary of Hindalco reported that it will invest $365 million to build a highly advanced recycling center for automotives in North America.
  • On Dec 17, 2021, the company signed a definitive agreement with Norway-based Hydro to acquire the latter’s India business of aluminium extrusions for an enterprise value of Rs.247 crores.
 (Sources:,  Business standard, Moneycontrol, BSE)

Technical Force*

  • S&P BSE 200 month till date gain up by -3.26%
  • Traded on All time high value 580.00
  • Spurt in Volume by more than 2.56 times compared to the previous vol. 3 months avg. volume: 288,023
  • Quantity traded: 7, 30,865 | Deliverable quantity: 1, 01,298 (13.86%)
  • Stock price has jumped more than 90% from a one-year-low level: 305.40 (Mar 25, 2021)
  • Daily RSI (14) is in Overbought territory today
  • 52-week-high: 580.00 | 52-week-low: 305.40

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Some Key Ratios (Source: BSE)

Market Cap:  1,28,920.30 Crores

PE: 29.29

OPM%: 16.04

ROE%: 8.45

Promoters holding%: 34.64

Prev. Close: 533.80

*Chart and Technical Force data from the Binge desktop app
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Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.