Block deal makes Hindalco lose momentum by nearly 1%
DSIJ Intelligence / 04 Sep 2017
Post a block deal, the stock of Hindalco Industries declined nearly 1% during Monday’s trade on the NSE. The stock witnessed 10 lakh shares traded in a block at Rs 244.10 per share.
Post a block deal, the stock of Hindalco Industries declined nearly 1% during Monday’s trade on the NSE. The stock witnessed 10 lakh shares traded in a block at Rs 244.10 per share. A block deal is a trade with a minimum quantity of 5 lakh shares or minimum value of Rs 5 crores, executed through a single transaction, on the special block deal window. Also, the stock traded at its new 52-week high value of Rs 246.95 per share during the morning hours of trade on Monday.
Hindalco Industries was trading at Rs 241.85, down by Rs 1.90 or 0.78% as at 1127 hours on Monday, on the NSE. The stock attracted a traded volume of 65,84,233 shares and traded value of Rs 16,118.86 lakhs on the NSE. The company is engaged in the production of aluminium and aluminium products as well as copper and copper products. The company’s aluminium segments include hydrate and alumina.
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