Hindalco Ind gains nearly 3% on robust earnings from Novelis

Hindalco Ind gains nearly 3% on robust earnings from Novelis

08/11/2016 11:58

Shares of Hindalco Industries rose nearly 3 per cent on the Bombay Stock Exchange after the company’s wholly owned subsidiary, Novelis, reported strong earnings for the second quarter ended September 30, 2016.

Riding high on robust earnings from Novelis, shares of company gained as much as 2.83 per cent in intra-day to trade at Rs 172.25 apiece on Bombay Stock Exchange.

In a similar fashion, stocks of company rose 2.00 per cent to Rs 170.95 apiece on the National Stock Exchange.

Meanwhile, the broader benchmark BSE Sensex was trading at 27,469.23, up 10.24 points, or 0.04 per cent, at 11:55 hours.

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