HINDALCO – Hindalco Industries Ltd., an aluminum manufacturing company, is a subsidiary of the Aditya Birla Group. Its headquarters are at Mumbai, Maharashtra, India. It is the Flagship Company of the company in the metals business. The company has annual sales of US$ 15 billion and employs around 20,000 people. It is listed in the Forbes Global 2000 at 895th rank. Its market capitalisation by the end of May 2013 was US$ 3.4 billion. Hindalco is one of the world’s largest aluminium rolling companies and one of the biggest producers of primary aluminium in Asia.
Technical outlook on HINDALCO – The stock is creating good buying from the level of182 on the daily as well as weekly chart.
Strategy for traders – You may take a position in HINDALCO on the level of 182, if you are having short term view you may buy HINDALCO, so you can see the level of 187 with Stop-loss of 178 within a week or 10 days.