Hindalco Industries Shows Resilience with Strong Short-Term Performance Amid Market Trends

Hindalco Industries, a prominent player in the Non-Ferrous Metals sector, has shown significant activity today, outperforming its sector by 0.39%. The stock has been on a positive trajectory, gaining for the past seven consecutive days, with a total return of 4.73% during this period. Currently, Hindalco is trading at Rs 659.9, maintaining this price throughout the day.
In terms of moving averages, Hindalco Industries is performing well, trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The company holds a market capitalization of Rs 1,47,856.27 crore and has a price-to-earnings (P/E) ratio of 8.89, slightly above the industry average of 8.47.

Over the past year, Hindalco's performance has been slightly negative at -2.23%, contrasting with the Sensex's gain of 7.88%. However, the stock has shown resilience in shorter time frames, with a year-to-date performance of 9.35%, outperforming the Sensex's 5.55%. In the longer term, Hindalco has delivered impressive returns, with a 5-year performance of 355.49% compared to the Sensex's 145.92%.