Hindalco Industries lost 1.65% to Rs 121.95 at 11:56 IST on BSE, with the stock sliding on profit booking after a recent rally.
Meanwhile, the S&P BSE Sensex was down 104.75 points or 0.5% at 20,786.07.
On BSE, 4.13 lakh shares were traded in the counter as against average daily volume of 11.90 lakh shares in the past two weeks.
The stock hit a high of Rs 125 and a low of Rs 121.70 so far during the day.
Shares of Hindalco Industries had rallied 11.51% in four trading sessions to settle at Rs 124 on Tuesday, 19 November 2013, from a recent low of Rs 111.20 on 12 November 2013.
Hindalco Industries' net profit declined 0.5% to Rs 357.11 crore on 2.1% growth in net sales to Rs 6245.56 crore in Q2 September 2013 over Q2 September 2012.
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Hindalco Industries is the world's largest aluminium rolling company and one of the biggest producers of primary aluminium in Asia. Its copper smelter is the world's largest custom smelter at a single location.
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