Hindalco Industries rose 0.93% to Rs 49 on 29th Dec'08, on BSE, on reports it would spend about Rs 25000 crore in next five years for expansion purpose.
The stock hit a high of Rs 49 and a low of Rs 48.55 so far during the day. The stock hit a 52-week high of Rs 200.65 on 7 January 2008 and a 52-week low of Rs 38.05 on 27 October 2008.
The company's current equity is Rs 175.32 crore. Face value per share is Rs 1.
The current price of Rs 49 discounts the company's Q2 September 2008 annualized EPS of Rs 23.47, by a PE multiple of 2.09.
As per reports, Hindalco may spend about Rs 25,000 crore over the next five years for expanding capacity by as much as three times in aluminium and copper.
Recently, Hindalco repaid the bridge loan taken to acquire Novelis. Hindalco raised $982 million in a five-year foreign currency loan at 315 basis points above the London interbank offered rate (Libor) and used it to clear the $3.03 billion bridge loan taken at 80 basis points over Libor for acquiring Canada's Novelis in 2007.
Hindalco Industries' net profit rose 12% to Rs 719.95 crore on 14.4% increase in net sales to Rs 5683.18 crore in Q2 September 2008 over Q2 September 2007.
Hindalco Industries is India's largest aluminium producer and is engaged in producing aluminium and semi- fabricated products.
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