Hindalco Inds falls on disappointing Q3 numbers
By IRIS
08th February 2013 04:18 PM
Hindalco
Industries, the Aditya Birla Group flagship company, fell on Friday
after it posted a fall of 3.81% in net profit to Rs 4.34 billion
for the quarter ended Dec. 31, 2012. Analysts on an average had
estimated profit of Rs 3.94 billion.
During the quarter, the operating profit margin decreased 237 bps to 5.73% from 8.10% for the same period last year.
Net sales of the company went up by 3.38% to Rs 68.72 billion
for the quarter ended Dec. 31, 2012 from Rs 66.47 billion in the
year ago period.
Shares ofthe companyare trading at Rs
110.25, down Rs 3.1, or 2.73% at the Bombay Stock Exchange (BSE) on
Friday at 3:12 p.m.The scrip has touched an intra-day high of Rs
114.20 and low of Rs 109.55. The total volume of shares traded at
the BSE is 2,023,983.In the earlier session, the shares declined
1%, or Rs 1.15, at Rs 113.35. Currently, the stock is trading down
33.14% from its 52-week high of Rs 164.90 and above 10.08% over the
52-week low of Rs 100.15.
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