logo
Hindalco Industries Ltd spurts 0.28%, up for five straight sessions

Hindalco Industries Ltd spurts 0.28%, up for five straight sessions

Hindalco Industries Ltd is quoting at Rs 651.95, up 0.28% on the day as on 12:44 IST on the NSE. The stock is down 3.61% in last one year as compared to a 7.99% gain in NIFTY and a 3.15% gain in the Nifty Metal.
Hindalco Industries Ltd rose for a fifth straight session today. The stock is quoting at Rs 651.95, up 0.28% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.46% on the day, quoting at 25117.25. The Sensex is at 82511.15, up 0.39%. Hindalco Industries Ltd has dropped around 0% in last one month.
Meanwhile, Nifty Metal index of which Hindalco Industries Ltd is a constituent, has dropped around 6.43% in last one month and is currently quoting at 9406.45, up 0.86% on the day. The volume in the stock stood at 14.37 lakh shares today, compared to the daily average of 54.39 lakh shares in last one month.
The benchmark June futures contract for the stock is quoting at Rs 653.45, up 0.24% on the day. Hindalco Industries Ltd is down 3.61% in last one year as compared to a 7.99% gain in NIFTY and a 3.15% gain in the Nifty Metal index.
The PE of the stock is 22.87 based on TTM earnings ending March 25.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

How China's craze for Pakistani donkeys is crushing the cash-strapped country's poor
How China's craze for Pakistani donkeys is crushing the cash-strapped country's poor

Economic Times

time19 minutes ago

  • Economic Times

How China's craze for Pakistani donkeys is crushing the cash-strapped country's poor

Ejiao demand fuels price hike Live Events Livelihood at stake Chinese interest and ethical concerns What about meat concerns? (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel Abdul Rasheed is in trouble. Last week, his donkey named Tiger, his only source of income, died in an accident. Without a donkey cart, Rasheed has no way to earn money. But buying a new donkey is now a big problem. Prices have shot up to as high as Rs 2 lakh in Karachi and other parts of Pakistan, far more than the Rs 30,000 he paid for Tiger eight years is not alone. Many other poor workers who rely on donkeys for their daily earnings are facing the same crisis. The reason? A growing demand from China, which uses donkey skin to make a traditional medicine called ejiao. It is believed to help with fatigue, improve immunity, reduce tumours, and treat ejiao industry has seen a huge boom. With not enough donkeys at home, Chinese buyers are turning to Pakistan, where donkeys are cheaper and easier to per a PTI report, Dr Guo Jing Feng, who runs a medical centre in Karachi, said China's need for donkey hides is only going to increase. 'This is now a global trade,' he explained, 'and China's demand is much higher than its supply.'Even in the Lyari market, Pakistan's biggest donkey market, prices have jumped. Rasheed says the cheapest healthy donkey he could find was Rs 1.55 lakh. 'How can I afford that? Even if I somehow buy one, what if it dies before I recover my investment?'Donkeys are vital for many industries in Pakistan, from brick kilns and agriculture to transport and even laundry services. Workers like Samad use them to carry heavy loads across rough roads, earning Rs 1,500–2,000 a day, half of which goes into feeding and caring for the around 5.9 million working donkeys, Pakistan is home to the third largest donkey population in the world, after Ethiopia and April 2025, a Chinese delegation met with Pakistan's food security minister to discuss setting up donkey farms. The idea is to use local labour for care and management, which could help Pakistan's not everyone agrees. Dr Asal Khan, a senior official from Khyber Pakhtunkhwa, said some Chinese companies had shown interest in exporting donkeys, but 'we are not allowing that to happen.'Donkey traders say some Chinese buyers are even willing to purchase weak animals just for their hides. In one case, a group paid Rs 40,000 each for 14 unhealthy issues also remain. Saleem Reza of the Karachi Chamber of Commerce says there must be strict rules. 'Donkey meat is haram for us,' he said. 'The government must ensure donkeys are not slaughtered in Pakistan and their meat is not sold illegally.'He added that proper factories are needed to manage hide and meat processing, to make sure nothing enters local markets from PTI

ET Market Watch: RBI's bold move sends markets soaring; Nifty breaks out
ET Market Watch: RBI's bold move sends markets soaring; Nifty breaks out

Economic Times

time22 minutes ago

  • Economic Times

ET Market Watch: RBI's bold move sends markets soaring; Nifty breaks out

Transcript Hi, you're listening to ET Markets Radio, I am your host Neha V Mahajan. Welcome to a fresh episode of ET Market Watch -- where we bring you the latest news from the world of stock markets every single day. Let's get to it: Indian markets surged on Monday as bulls took charge across sectors. Headline Moves: Sensex jumped 256 points to close at 82,445. Nifty hit an 8-month high at 25,103 Bank Nifty scaled a record intraday high and crossed 57,000 for the first time ever! Why the Optimism? RBI surprised markets with a 50 bps repo rate cut Also slashed CRR by 100 bps to boost liquidity Add to that, strong US jobs data And progress in US-India trade talks—a perfect recipe for a rally Banks Lead the Charge Private banks were the stars: RBL Bank up 7% Bandhan Bank +6% Axis Bank, Bajaj Finance, Kotak Mahindra also posted solid gains Big Stock Movers: MCX soared 7% after getting approval to launch India's first electricity derivatives Hyundai Motor India hit a fresh lifetime high—₹1,986, crossing even its listing day peak Broader Market Buzz: Midcaps and Smallcaps outperformed: Nifty Midcap 100 rose 1.1% Nifty Smallcap 100 gained 1.6% Global Cues Positive Asian markets closed in the green Global stocks hit a record high Investors are now watching out for US inflation data due Wednesday—which could move the Fed's needle.

NHAI to consider public InvIT to widen investor base, include retail buyers
NHAI to consider public InvIT to widen investor base, include retail buyers

Business Standard

time22 minutes ago

  • Business Standard

NHAI to consider public InvIT to widen investor base, include retail buyers

Aiming to raise public funds for its asset monetisation pipeline, the National Highways Authority of India (NHAI) on Monday said it is considering a new infrastructure investment trust (InvIT) open to retail investors. 'NHAI has successfully launched private InvIT and monetised over 2,300 km of highways. NHAI is now considering launching public InvIT to increase the overall investor base, develop a competitive environment in the InvIT market, and mitigate the risk of a limited investor base. Further, public InvIT will also cater to retail investors, thereby providing access to infrastructure assets,' the highway authority said in its Asset Monetisation Strategy Report. Union highways minister Nitin Gadkari has repeatedly said over the past four years that he wants common citizens to benefit from rapid infrastructure expansion by allowing them to invest in highway projects via InvITs. However, officials said the process has turned out to be lengthy and complicated with tough regulations in place. In its report, NHAI did not confirm it will decisively go through with the proposal. InvITs are one of the three primary modes of highway monetisation used by NHAI, under which a trust manages several road assets and investors can benefit from toll revenues by becoming unitholders. As a department, NHAI has contributed significantly to the first National Monetisation Pipeline. It has achieved 71 per cent of NITI Aayog's NMP Road Sector Pipeline from 2021-22 to 2024-25 (Rs 1.15 trillion achieved out of a target of Rs 1.6 trillion). Total monetisation so far stands at Rs 1.4 trillion. The highways ministry is also likely to be given the steepest target of all government departments in the second monetisation pipeline, which will run up to 2029-30. It will likely have to monetise highways worth Rs 3.5 trillion over the next five years. The authority also mentioned an issue that had previously been a bone of contention between the private sector and government – the determination of Initial Estimated Concession Value (IECV). In 2020, the authority stopped declaring IECV of toll-operate-transfer (TOT) bundles, fearing a concentration of bids around the disclosed price. The sector responded that the disclosure of IECV was an important requirement, after which NHAI started disclosing the assumptions made to reach the IECV, but not the amount itself. Now, it plans to make the disclosure model more transparent. 'By aligning investor expectations with the potential performance of the asset, NHAI will aim to minimise risks and enhance the attractiveness of the investment opportunity through monetisation. Currently, NHAI declares macroeconomic factors such as interest rate, inflation, traffic and revenue growth rate, operating and maintenance expenditure, etc. NHAI will regularly review and update these factors to assist potential investors in preparing more realistic estimations,' it said. NHAI already has initiatives underway to increase the number and volume of ToT bundles and InvIT phases. Specifically, NHAI aims to offer three ToT bundles per quarter, including one smaller (Rs 2,000 crore), one medium (Rs 5,000 crore), and one large (Rs 9,000 crore) bundle, and to conduct one or two InvIT phases each year to cater to a broad spectrum of investors. NHAI will also assess market conditions in future and adjust bundle sizes accordingly, it said.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store