Hindalco Industries Shows Strong Momentum Amidst Non-Ferrous Metals Sector Growth

Hindalco Industries, a prominent player in the Non-Ferrous Metals sector, has shown remarkable performance today, outperforming its sector by 0.93%. The stock has been on a consistent upward trajectory, gaining for the last six consecutive days and achieving an impressive 8.9% return during this period. Currently, Hindalco is trading at Rs 696.95, maintaining this price level throughout the day.
In terms of technical indicators, Hindalco Industries is performing well above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong momentum. The company boasts a market capitalization of Rs 1,56,586.74 crore and a price-to-earnings (P/E) ratio of 9.35, which is slightly above the industry average of 8.84.

Over the past year, Hindalco has delivered a return of 1.65%, while its year-to-date performance stands at an impressive 15.81%, significantly outpacing the Sensex's 7.27%. The stock's long-term performance is also noteworthy, with a remarkable 361.46% increase over the past five years, compared to the Sensex's 138.33%.