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Hindalco shares jump 6% despite reporting a decline in Q2 profit, here s why

Hindalco share price: A total of 7.14 lakh shares of the company changed hands, amounting to a turnover of Rs 32.21 crore on BSE. Hindalco's market capitalisation (m-cap) climbed to Rs 1.02 lakh crore.

Hindalco shares down 35% from 52-week high; good time to buy?

Shares of aluminium producer Hindalco Industries have plunged 35 per cent from their 52-week high hit in March 2022. Hindalco stock, which touched a 52-week high of Rs 636 on March 23, 2022 was trading at Rs 412 on BSE today, down 35.22 per cent during the period. Later, the Hindalco stock touched an intraday high of Rs 419, rising 2.03 per cent from the previous close of Rs 410.65. Hindalco shares are trading higher than the 5-day, 20-day, 50-day and 100-day moving averages but lower than 200-day moving averages.

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