The company made the announcement on Wednesday, 7 November 2007. Yesterday, 7 November 2007, the stocks ended 7.95% up at 203.65.

The BSE Sensex was down 43.90 points, or 0.23%, to 19015.03. A special one-hour trading session to mark the beginning of the New Year Samvat year 2064 is being held today on the bourses. Trading began at 18:00 IST and will end at 19:00 IST.

On BSE, 4.27 lakh shares of the scrip were traded. The stock had an average daily volume of 12.38 lakh shares on BSE in past one quarter.

The scrip had touched a high of Rs 211, its 52-week high. It hit a low of Rs 203.05 so far during the day. The stock had hit a 52-week low of Rs 125.25 on 7 March 2007.

The scrip had outperformed the market in the one month to 8 November 2007, galloping 26.06% as against the Sensex's 8.96% gain. It had also outperformed the market in the past three months, adding 25.83% against the Sensex's 24.50% rise.

India's largest aluminium producer has an equity capital of Rs 122.71 crore. Face value per share is Rs 1.

At the current price of Rs 205.50, the scrip trades at a PE multiple of 8.88, based on Q2 September 2007 annualised EPS of Rs 23.14.

Hindalco Industries net profit rose 7.6% to Rs 642.80 crore on 7% rise in sales to Rs 4959.70 crore in Q2 September 2007 over Q2 September 2006.

Hindalco is India's largest aluminium producer and is engaged in producing aluminium and semi-fabricated products.

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