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    HomeNewsBusinessStocksBear of the Day: Stock that tanked most in the carnage

    Bear of the Day: Stock that tanked most in the carnage

    It was a total scene of carnage on D-street today with absolute no signs of any green shoots.

    January 07, 2011 / 22:34 IST
       
       
      26 Aug, 2025 12:21
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      It was a total scene of carnage on D-street today with absolute no signs of any green shoots. The Sensex lost over 500 points while the Nifty lost nearly 160 points. And in this bloodbath, the sector that got hit the most was the metal sector where the index was down 4.03% at 16,943.54 levels.


      Amongst the lot, Hindalco Industries was under pressure with the stock closing the session at Rs 233.15, down Rs 17.60, or 7.02%. The scrip touched an intraday high of Rs 251.50 and an intraday low of Rs 230.90.


      There were pending buy orders of 70 shares, with no sellers available. It was trading with volumes of 1,780,404 shares, compared to its 5-day average of 1,235,915 shares, an increase of 44.06%.


      On Thursday, the share closed up 1.70% or Rs 4.20 at Rs 250.75.


      The share has touched its 52-week high Rs 251.90 and 52-week low Rs 136.25 on 06 Jan, 2011 and 09 Jun, 2010, respectively.


      As per today's closing, the market capitalisation stands at Rs 44,613.58 crore.


      What's bothering Hindalco?

      Apparently some negative brokerage reports are doing the rounds on Hindalco. As per the report, expectations from Hindalco are running high as the stock rallied 20% last month spurred by a 12% hike aluminum prices. However, the brokerage believes that
      first published: Jan 7, 2011 05:49 pm

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