Hindalco Industries rose 1% to Rs 152.55 at 10:24 IST on BSE after US based aluminum major Alcoa Inc reported better-than-expected Q4 earnings.
Meanwhile, the BSE Sensex was down 12.96 points, or 0.05%, to 27,572.31.
On BSE, so far 1.06 lakh shares were traded in the counter, compared with an average volume of 8.45 lakh shares in the past one quarter.
The stock hit a high of Rs 154.40 and a low of Rs 152 so far during the day. The stock hit a 52-week high of Rs 198.70 on 25 July 2014. The stock hit a 52-week low of Rs 96.95 on 24 February 2014.
The stock had underperformed the market over the past one month till 12 January 2015, falling 1.56% compared with 0.86% rise in the Sensex. The scrip had also underperformed the market in past one quarter, rising 0.57% as against Sensex's 4.90% rise.
The large-cap company has an equity capital of Rs 206.50 crore. Face value per share is Re 1.
Lightweight metals leader Alcoa on Monday, 12 January 2015, reported a jump in fourth quarter and full-year 2014 profits, culminating a year of significant transformation for the Company.
Alcoa reported net income of $159 million, or $0.11 per share, in Q4 December 2014 compared with a net loss of $2.3 billion, or $2.19 per share in Q4 December 2013. Revenue rose 14% to $6.4 billion in Q4 December 2014 over Q4 December 2013. Higher sales in Alcoa's value-add businesses, comprising the mid and downstream, favorable metal prices and energy sales drove the company's year-over-year revenue increase.
Alcoa reported net income of $268 million, or $0.21 per share in the year ended December 2014, compared to a net loss of $2.3 billion, or $2.14 per share, in the year ended December 2013. Revenue rose 4% to $23.9 billion in the year ended December 2014 over in the year ended December 2013.
Hindalco Industries' unit Novelis Inc, the world's largest producer of rolled aluminium products, competes with Alcoa in the North American markets.
Hindalco Industries' net profit fell 77.94% to Rs 78.77 crore on 33.30% increase in total income to Rs 8777.66 crore in Q2 September 2014 over Q2 September 2013.
Hindalco, a part of Aditya Birla Group, is the aluminium rolling company. It is one of the three biggest producers of primary aluminium in Asia with the largest single location copper smelter.
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