/ Metal Index Soars Hindalco Up By 3% ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Tuesday, 24 January 2017

The Bombay Stock Exchange (BSE) metal index that is, up by 11,627.37 levels, that is, by 191.39 points or 1.67%. Metal stocks are shining bright and outperforming the broader markets. Major stocks: Hindalco is up by 2.98%, Vedanta Steel is up by 2.41%, Jindal Steel is up by 2.28%, Hindustan Zinc is up by 2.23% and National Aluminium is up by 2.02%.

Heavyweights: Coal India and Hindalco both are contributing 50% of the total gains and is lifting the index to higher levels. Among all the index constituents, there are 10 advances with no decline. Hindalco Industries Ltd is currently trading at Rs 187.25, up by Rs 5.95 or 3.28% from its previous closing of Rs 181.3 on the BSE.

The scrip opened at Rs 182.25 and has touched a high and low of Rs 187.5 and Rs 181.1 respectively. So far 16475207(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 37459.21 crore. The BSE group 'A' stock of face value Rs 1 has touched a 52 week high of Rs 184.75 on 25-Nov-2016 and a 52 week low of Rs 58.85 on 12-Feb-2016. Last one week high and low of the scrip stood at Rs 182 and Rs 169.4 respectively.

The promoters holding in the company stood at 37.67 % while Institutions and Non-Institutions held 41.39 % and 20.93 % respectively. The stock is currently trading above its 50 DMA.

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