Hindalco Industries gained 2.09% to Rs 205.50 at 15:10 IST on BSE after net profit rose 25.75% to Rs 503 crore on 26.81% rise in revenue to Rs 11747 crore in Q4 March 2017 over Q4 March 2016.
The result was announced during market hours today, 30 May 2017.The stock has risen 9.98% in four sessions to its ruling price of Rs 205.50 from a close of Rs 186.85 on 24 May 2017.
Meanwhile, the S&P BSE Sensex was up 60.06 points, or 0.19% to 31,186.37.
On the BSE, 23.14 lakh shares were traded in the counter so far, compared with average daily volumes of 17.47 lakh shares in the past two weeks. The stock had hit a high of Rs 210 in intraday trade, which is also a 52-week high for the stock. The stock had hit a low of Rs 201.30 so far during the day. The stock had hit a 52-week low of Rs 90.85 on 27 May 2016.
The stock had underperformed the market over the past one month till 29 May 2017, rising 1.1% compared with the 3.98% gains in the Sensex. The scrip had, however, outperformed the market in past one quarter, gaining 9.34% as against Sensex's 8.23% gains.
The large-cap company has equity capital of Rs 224.34 crore. Face value per share is Re 1.
Hindalco Industries' board of directors recommended dividend of Rs 1.10 per share for the year ended 31 March 2017 (FY 2017).
Hindalco Industries, metals flagship company of the Aditya Birla Group, is the industry leader in aluminium and copper.
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