Hind Aluminium reflects strong performance with a 52-week high share price

Hind Aluminium Industries, a manufacturer of aluminium & alloy conductors and aluminium wire rods, reached a 52-week high on October 18, 2024. The stock opened with a 2.19 per cent gain and touched an intraday high of INR 85.4, outperforming the sector by 2.44 per cent.

The company’s shares have been consistently growing over the past six days, rising 20.67 per cent. However, on October 18, the stock price was highly volatile, with an intraday volatility of 5.46 per cent.

Currently trading higher than 5-day, 20-day, 50-day, 100-day, 200-day moving averages, Hind Aluminium Industries is reflecting a positive move in the market. Investors and experts are closely watching the movement of Hind Aluminium as it continues to perform well, registering a 52-week high. Last year, the company demonstrated an increase of 102.90 per cent in its share price.

For the first quarter of 2024, Hind Aluminium reported a 24 per cent sequential fall in net sales to INR 0.25 crore. Net profit stood at INR 0.05 crore, plunging by 97 per cent from INR 1.55 crore a quarter ago.  

Hind Aluminium also highlighted in its Q1 report that it delivered 2.01 per cent returns over the past six months and 56.32 per cent returns over the twelve months.