Meanwhile, the S&P BSE Sensex was down 21.10 points, or 0.05% to 38,918.12.

On the BSE, 1.21 lakh shares were traded in the counter so far compared with average daily volumes of 3.41 lakh shares in the past two weeks. The stock had hit a high of Rs 216 and a low of Rs 210.70 so far during the day. The stock hit a 52-week high of Rs 267.35 on 19 April 2018. The stock hit a 52-week low of Rs 182.55 on 15 February 2019.

Hindalco Industries announced that there was an incident in the red mud (bauxite residue) storage area connected to the alumina plant situated at Muri in Jharkhand on 9 April 2019. The incident involved a spillage in the red mud cake storage area.

As a precautionary measure, operations have been temporarily suspended to assess the situation. Preliminary investigations indicate no material impact on the surrounding environment or to property. Efforts are ongoing to clear the spillage. Four persons with minor injuries have been treated, and one contract workman is missing. This incident is not expected to have any material impact on the company's performance, the company said.

Net profit of Hindalco Industries declined 34.39% to Rs 247.46 crore on 8.25% rise in net sales to Rs 11937.74 crore in Q3 December 2018 over Q3 December 2017.

Hindalco Industries, metals flagship company of the Aditya Birla Group, is the industry leader in aluminium and copper.

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Hindalco Industries announced that there was an incident in the red mud (bauxite residue) storage area connected to the alumina plant situated at Muri, Jharkhand, on 9 April 2019. The incident involved a spillage in the red mud cake storage area.

As a precautionary measure, operations have been temporarily suspended to assess the situation. Preliminary investigations indicate no material impact on the surrounding environment or to property. Efforts are ongoing to clear the spillage. Four persons with minor injuries have been treated, and one contract workman is missing. This incident is not expected to have any material impact on the company's performance.

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Hindalco Industries has allotted 38,746 equity shares of face value of Re. 1/- each to the optionees as detailed in the resolution, pursuant to the exercise of the options granted to the employees under the Company''s Employee Stock Option Scheme.

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Hindalco Industries Ltd is up for a third straight session today. The stock is quoting at Rs 206.55, up 2.08% on the day as on 12:54 IST on the NSE. The benchmark NIFTY is down around 0.06% on the day, quoting at 11525.4. The Sensex is at 38405.59, up 0.11%. Hindalco Industries Ltd has gained around 6.25% in last one month.

Meanwhile, Nifty Metal index of which Hindalco Industries Ltd is a constituent, has gained around 7.25% in last one month and is currently quoting at 3027.4, down 0.95% on the day. The volume in the stock stood at 59.45 lakh shares today, compared to the daily average of 77.69 lakh shares in last one month.

The benchmark March futures contract for the stock is quoting at Rs 206.8, up 1.72% on the day. Hindalco Industries Ltd is down 3.8% in last one year as compared to a 13.49% jump in NIFTY and a 15.27% jump in the Nifty Metal index.

The PE of the stock is 33.74 based on TTM earnings ending December 18.

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