Hindalco Share Price: Stock Analysis, History, and Forecast

If there’s one company that has shown massive share price growth in the last three months, it’s Hindalco Industries. According to trade experts, this increase is a result of the rising aluminium and copper prices, and favourable government policies.

The rising trend of the Hindalco share price is expected to continue and contribute to the company’s revenue growth in the near future. For those planning to invest in the company, here’s an in-depth analysis of its share price.

Hindalco Share Price BSE and NSE

As of today, i.e., 8th April 2022, the Hindalco stock opened at ₹579.40 on NSE and ₹580.40 on the BSE stock exchange.

The table below shows additional details on today’s Hindalco share price on National Stock Exchange (NSE) and Bombay Stock Exchange (BSE).

Hindalco Share Price History

Before we dive into the details, let’s take a quick look at the Hindalco share price history from  the past few days. 

Hindalco Company Information

Hindalco Industries Limited is a flagship company of Aditya Birla Group. It is the biggest aluminium rolling company in the world and also a well-known copper producer. It has an international subsidiary called Novelis Inc. due to which Hindalvo now has a presence in 12 nations. 

From alumina refining, aluminium rolling and smelting to bauxite mining, Hindalco operates throughout the value chain. It caters to varied industries that include construction and building, automotive, electrical, packaging, refractories, ceramics and consumer durables.

The company also maintains a  sustainable approach in terms of  energy conservation, environment-friendly disposal, recycling, energy sustainable mining practices, safety practices, employee empowerment and more.

History of Hindalco Share Price

Hindalco, otherwise known as The Hindustan Aluminium Corporation Ltd., was incorporated by Aditya Birla Group in 1958. In 1962, it started production in Uttar Pradesh, making 20,000 metric tons of aluminium metal per year and 40,000 metric tons of alumina per year. A few years later the company went through reconstruction and was renamed Hindalco.

The organisation obtained the controlling stake in Indian Aluminium Company in the year 2000 with an equity holding of 74.6%. In 2001, the company grabbed a position as the only Indian company in the prestigious  Asia Top 25 list curated by the CFO Asia Annual Report Survey.

Further, in 2003, Hindalco went on to acquire Nifty Copper Mine and Mt Gordon copper mines via (ABML) Aditya Birla Minerals Ltd. It also invested 8.6% holding in Indo Gulf Fertilisers Limited and expanded aluminium smelter production to 345,000 TPA at Renukoot. A year later, they worked towards expanding the copper smelter to 250,000 TPA.

It was the guidance and vision of Mr Kumar Mangalam Birla, the Group Chairman, that multiple aluminium and copper segments were consolidated into Hindalco. The company became a metal powerhouse through varied acquisitions and mergers with different companies across the globe. It also expanded its operations base and acquired copper mines in Australia.

As years passed by, Hindalco developed into the best-integrated aluminium company of India and made a name for itself in the Asian aluminium industry. Today, Hindalco’s copper smelter is termed the largest custom smelter in the world.

After acquiring Novelis Inc., the largest aluminium rolling company in the world, Hindalco became a world leader and is now recognized as one of the top 5 aluminium majors.

Management of Hindalco

The management team of every company is responsible for developing and implementing strategies that contribute to its success. The key members of Hindalco’s management team are listed in the below-mentioned table.

Hindalco Listings and Indices

Hindalco is listed on 13 stock exchanges in India and is a part of more than 35 indices. The listing information of Hindalco includes the ISIN Code, NSE Code, BSE Code and the BSE Group. Check out all its listing data in the table below.

Here’s a list of stock exchanges, Hindalco is listed on:

• Bangalore Stock Exchange Ltd.
• Calcutta Stock Exchange Association Ltd.
• Cochin Stock Exchange Ltd.
• Delhi Stock Exchange Assoc. Ltd.
• Hyderabad Stock Exchange Ltd
• Inter-connected Stock Exchange of India
• Jaipur Stock Exchange Ltd
• Madras Stock Exchange Ltd.,
• MCX Stock Exchange
• National Stock Exchange of India Ltd.
• Over The Counter Exchange Of India Ltd.
• The Stock Exchange, Mumbai
• Uttar Pradesh Exchange Assoc Ltd.

Don’t miss it!

Part of Indices

Take a look at the entire list of Hindalco indices as given below. 

Hindalco Company Performance

When compared to Nifty 100 that gave 52.92% return, Hindalco stock gave a 3-year return of 168.01% in the previous trading session. There is an upward trend in terms of revenue (₹1,33,207 crores).  in the last financial year 2021 in contrast to the financial year (2017) when the revenue was ₹1,01,294.78 crores. 

Hindalco Stock Returns in 2020 and 2021

As of 8th April, Hindalco’s stock returns performance is as follows:

• 1 Week: Hindalco stock price moved up by 1.97%
• 1 Month: Hindalco stock price moved down by 1.39%
• 3 Months: Hindalco stock price moved up by 17.88%
• 1 Year: Hindalco stock price moved up by 59.3%
• 3 Years: Hindalco stock price moved up by 171.28%
• 5 Years: Hindalco stock price moved up by 200.65%

Hindalco Company Location

The headquarters of Hindalco, the world’s largest aluminium rolling company, is in Mumbai, Maharashtra. The address and contact details are given below.

Registered Office

Ahura Centre

1st Floor, B Wing

Mahakali Caves Road

Andheri (East), Mumbai, Maharashtra

Phone Number: 66917000

Email Address: hilinvestors@adityabirla[dot]com

Should You Invest in Hindalco?

Hindalco benefited a lot in the last year and has been witnessing exceptional stock growth thanks to Alcoa Corporation’s temporary closure. The Hindalco Industries share price in January, February and March 2022 are proof that the company is doing well.

In September 2021 last year, Hindalco stock made it to the top 15 list of strong buys. Those who took this purchase decision at that time are bearing fruitful results today.

However, we would recommend that you make your investment decision after a thorough stock analysis. Examine not just Hindalco’s stocks, but also the stocks of its rivals and other related companies to make an informed decision.

It’s best to seek professional help if you think you are confused. An expert will address your concerns, understand why you’re stepping into the stock market and help you make safe investment choices.

FAQ’s about Hindalco Share Price