Shares of Hindalco Industries today lost over 3 per cent after the company reported 23 per cent decline in standalone net profit for the quarter ended December, 2013.
Hindalco closed with a loss of 3.19 per cent at Rs 100.20 on the BSE. In intra-day trade, the stock shed 3.57 per cent to Rs 99.80.
At the NSE, shares of Hindalco ended 3.38 per cent lower at Rs 100.
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The flagship company of the Aditya Birla Group had reported a net profit of Rs 433.52 crore in the corresponding quarter of 2012-13, it said in a filing to the BSE.