Hindalco Industries Ltd rises for third straight session

Hindalco Industries Ltd is up for a third straight session today. The stock is quoting at Rs 954.25, up 1.92% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.09% on the day, quoting at 25754.85. The Sensex is at 83636.15, up 0.01%. Hindalco Industries Ltd has gained around 12.55% in last one month.

Meanwhile, Nifty Metal index of which Hindalco Industries Ltd is a constituent, has gained around 10.51% in last one month and is currently quoting at 11355.2, up 2.7% on the day. The volume in the stock stood at 39.8 lakh shares today, compared to the daily average of 55.75 lakh shares in last one month.

The benchmark January futures contract for the stock is quoting at Rs 955.05, up 1.97% on the day. Hindalco Industries Ltd is up 61.31% in last one year as compared to a 10.95% jump in NIFTY and a 40.83% jump in the Nifty Metal index.

The PE of the stock is 29.41 based on TTM earnings ending September 25.

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