When the market opened on Wednesday, September 25, 2024, i.e. today, the shares of Hindalco Industries Ltd. made a jump of 3.96 percent taking its trading price to Rs 717.85. During the previous close, the Hindalco Industries share price was Rs 690.55. Therefore, this stock spiked by 3.96 percent to its previous close, bringing joy and confidence to the investors. However, the past week has been quite playful for the investors of Hindalco Industries Ltd as the stock appreciated by over 5 percent over the week. Since the market opened today, Hindalco Industries shares have been the focus of traders and market enthusiasts, as it is today’s pick of several market experts and analysts. Here we have come up with this column to respond to the question if there is still more growth left in Hindalco Industries shares. Catering to everyone’s query, we have provided an overview of this stock and its recent performance. Continue reading this article for more details. Drag down the page.
Current Trading Price Of Hindalco Industries Ltd Shares
When the market closed on Tuesday, September 24, 2024, the share price was R 690.55. Showing a growth of 3.96 percent on its previous close, Hindalco Industries Ltd’s share opened at the price of Rs 717.85. As of the latest updates, this stock is trading at the price of Rs 717.85. If we talk about its trading range, Hindalco Industries Ltd shares have gone as low as Rs 682 and as high as Rs 719.7. Since the market opened today, this stock has only shown positive market sentiment. Although Hindalco Industries’ share is not known for showing positive market sentiments for the long term as it has been fluctuating in the range of Rs 449 and Rs 715 over the past year, indicating at its volatile nature and mixed market sentiments.
Performance of Hindalco Industries Share Over Past 5 Years
Today, several market experts and analysts added Hindalco Industries to their top 10 picks because of its recent positive market sentiments and good performance over the past week. However, analyzing a particular stock’s performance by just its one-week performance is not right. Thus, we have taken a look at Hindalco Industries Ltd.’s shares’ performance over the past five years. This stock gained 3.96 percent in one day and 5.10 percent in one week but its one-month change shows a growth of only 4.78 percent. Over the past year, Hindalco Industries Ltd. stock has increased by 49.91 percent, and 49.94 percent in the past three years. If we talk about its performance over the past five years, this stock has shown a positive change of 262.92 percent in this period.
- 1 Day Change: +3.96 percent
- 1 Week Change: +5.10 percent
- 1 Month Change: +4.78 percent
- 1 Year Change: +49.91 percent
- 3-Year Change: +49.94 percent
- 5-Year Change: +262.92 percent
The overall performance of Hindalco Industries Ltd in the past five years has shown steady growth over the years but relatively more rapid in recent months.
Hindalco Industries Ltd Share Price Resistance and
Traders and market enthusiasts should always set support and resistance levels before investing their money in any particular stock, as it helps the traders to decide their entry and exit from the trade. Take a look at the critical support and resistance levels of Hindalco Industries Ltd:
- 1st Resistance: Rs 689.62
- 2nd Resistance: Rs 694.08
- 3rd Resistance: Rs 700.62
- 1st Support: Rs 678.62
- 2nd Support: Rs 672.08
- 3rd Support: Rs 667.62
- Quarterly Results Announcement: Hindalco reported its Q1FY25 results with a consolidated EBITDA of Rs 7,992 crore, marking a YoY growth of 31 percent.
- Positive Market Sentiment: Market experts maintain a “BUY” recommendation for Hindalco Industries Ltd.
- Reduction of Debt: Hindalco has a healthy debt-to-equity ratio of approximately 45 percent.
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