Hindalco Industries Shows Strong Performance Amid Positive Market Trends in Non-Ferrous Metals

Hindalco Industries, a prominent player in the Non-Ferrous Metals sector, has shown notable activity today, maintaining performance in line with its industry. The stock has experienced a consecutive gain over the past six days, accumulating a total return of 3.79% during this period. Today, Hindalco opened at Rs 654 and has consistently traded at this price point.
In terms of moving averages, Hindalco is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend in its short to long-term performance metrics. The company holds a market capitalization of Rs 1,46,901.20 crore, categorizing it as a large-cap stock. Its price-to-earnings (P/E) ratio stands at 8.81, slightly above the industry average of 8.37.

Over the past year, Hindalco's performance has been -3.33%, contrasting with the Sensex's gain of 7.83%. However, year-to-date, the stock has shown an 8.64% increase, outperforming the Sensex's 5.55%. In the longer term, Hindalco has demonstrated significant growth, with a remarkable 344.69% increase over the past five years compared to the Sensex's 140.84%.