Hindalco Industries Ltd Q3 Results 2024: Date and Time, Share Price and Target

News: Hindalco Industries Ltd., a big player in making aluminum and copper, shared its money report for the third part of 2024. Let’s see what’s important about it and how it affects people who invest in the company.

Profit Jump

• Hindalco made a lot more money during Q3 2024. Their profit went up by a whopping 71.1%, reaching Rs 2,331 crore. This big boost came from doing well in both making aluminum and copper¹.

Share Price and What’s Expected

• People who watch the stock market are interested in Hindalco’s share price. Right now, each share costs Rs 592.30¹.
• Experts have been thinking about how much Hindalco’s shares might be worth. They think the average price for a Hindalco Industries Ltd. share should be around Rs 534.29. That’s a little lower than what it costs now³.

Big Drop Before the Results

• On February 13, 2024, Hindalco’s shares fell by more than 13% on the Bombay Stock Exchange (BSE). This happened right before they told everyone about their Q3 results. It’s interesting because this was also the same day when Hindalco’s part of the company, Novelis, shared its money report⁴.

Hindalco’s Q3 results show that they’re strong and growing. People who invest in the company should pay attention to what happens next, especially as Hindalco deals with changes in the market and keeps making its stakeholders happy.

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FAQs

What can people who invest in Hindalco expect from the company’s earnings in the third quarter of 2024?

Investors can expect valuable information about Hindalco’s financial condition, such as its revenue, profit, and how it’s growing.

What’s the main focus of the board meeting at Hindalco?

The board meeting at Hindalco is mainly about approving the Un-audited Financial Statements for the quarter and nine months up to December 31, 2023, which include both standalone and consolidated statements.

How much does one share of Hindalco Industries Ltd cost right now?

As of February 12, 2024, at 2:23 pm IST, the price of one share of Hindalco Industries Ltd is 586.90 INR.