Business Standard
Hindalco slips after twin bulk deals
Edited by : AL CIRCLE
2 min read
A bulk deal of 10 lakh shares was struck on Hindalco Industries counter at Rs 108.25 at 11:26 IST on BSE, on 23 May 2013. Another bulk deal of 4 lakh shares was struck on the counter at Rs 107.45 at 11:33 IST on BSE on 23 May 2013. The bulk deals constituted 0.07% equity of Hindalco Industries.
Meanwhile, the S&P BSE Sensex was down 306.02 points or 1.53% at 19,756.22.
On BSE, 19.33 lakh shares were traded in the counter as against average daily volume of 11.94 lakh shares in the past one quarter.
The stock hit a high of Rs 110.50 and a low of Rs 107 so far during the day. The stock had hit a 52-week low of Rs 86.90 on 26 March 2013. The stock had hit a 52-week high of Rs 137 on 2 January 2013.
The stock had outperformed the market over the past one month till 22 May 2013, rising 15.55% compared with the Sensex's 4.66% rise. The scrip, however, underperformed the market in past one quarter, rising 2.94% as against Sensex's 3.86% rise.
Hindalco Industries' subsidiary Novelis on 14 May 2013 reported net income attributable to its common shareholder of $202 million for fiscal 2013. Excluding tax-effected certain items, net income for fiscal 2013 was $241 million, compared to a net income of $218 million for fiscal 2012. Net income for the fourth quarter of fiscal 2013, excluding tax-effected certain items, was $80 million, representing a $55 million increase when compared to the same period in the prior year.
Net sales for fiscal 2013 were $9.8 billion, an 11% decrease compared to the $11.1 billion reported in the same period a year ago. This decline was due to lower average aluminum prices and lower shipments when compared to last year. For the fourth quarter, sales were $2.5 billion compared to $2.6 billion reported for the fourth quarter of fiscal 2012.
Meanwhile, the S&P BSE Sensex was down 306.02 points or 1.53% at 19,756.22.
On BSE, 19.33 lakh shares were traded in the counter as against average daily volume of 11.94 lakh shares in the past one quarter.
The stock hit a high of Rs 110.50 and a low of Rs 107 so far during the day. The stock had hit a 52-week low of Rs 86.90 on 26 March 2013. The stock had hit a 52-week high of Rs 137 on 2 January 2013.
The stock had outperformed the market over the past one month till 22 May 2013, rising 15.55% compared with the Sensex's 4.66% rise. The scrip, however, underperformed the market in past one quarter, rising 2.94% as against Sensex's 3.86% rise.
Hindalco Industries' subsidiary Novelis on 14 May 2013 reported net income attributable to its common shareholder of $202 million for fiscal 2013. Excluding tax-effected certain items, net income for fiscal 2013 was $241 million, compared to a net income of $218 million for fiscal 2012. Net income for the fourth quarter of fiscal 2013, excluding tax-effected certain items, was $80 million, representing a $55 million increase when compared to the same period in the prior year.
Net sales for fiscal 2013 were $9.8 billion, an 11% decrease compared to the $11.1 billion reported in the same period a year ago. This decline was due to lower average aluminum prices and lower shipments when compared to last year. For the fourth quarter, sales were $2.5 billion compared to $2.6 billion reported for the fourth quarter of fiscal 2012.
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