The stock touched a high of Rs 116 – up 7.5% from its previous close. It finally ended with a gain of 4.3% at Rs 113. The stock surged nearly 21% in the past week. The counter witnessed extremily hevay volumes of 12.38 millions shares as against its two-week average trade of 3.5 million shares. [...]
Continue reading "Hindalco has ended up 4% on Surging Copper Prices"
Saturday, August 1, 2009
AV Birla group company, Hindalco Industries, which has reported a 31% drop in net profit at Rs 481 crore in the first quarter ended June 30, 2009, is exploring the Global Depository Receipts (GDR) option to raise up to $500 million in addition to offering shares under the QIP route. The board is exploring the [...]
Continue reading "Hindalco has planned to surge $500 mln via GDR's"
Wednesday, May 27, 2009
Copper stocks declared that it has joined the metals rally on the bourses today as all other metal stocks traded with heavy gains, while copper prices remained steady on the commodity exchanges in India. For full story, click here
Continue reading "Sterlite, Hindalco reported jump with surge in copper demand"
Tuesday, March 10, 2009
Hindalco Industries forcasted that domestic copper consumption is likely to double by 2012 to 1.1 million tonnes due to increased demand from the power sector. S K Sharma, vice-president, marketing, Hindalco Industries, stated: As such, transformers and wire cables are going to be two major contributors to the domestic copper demand. For full story, click [...]
Continue reading "Hindalco: Indian Copper consumption to double by 2012"
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Wednesday, August 5, 2009