Hindalco Stock Sharp Rise Why @ get Advices By Moneymaker Analyst

Hindalco is today seeing a great boom. Hindalco's shares rose by 5 percent to Rs 156.2 on the BSE is reached. What is the reason that Hindalco is looking strong, let us know.

Actually yesterday evening and the world's largest aluminum company Alcoa Hindalco's competitive than expected in the United States has given good results. Alcoa in the third quarter year-on-year revenue rose 8 percent to $ 6.2 billion. Alcoa profits on an annual basis in the third quarter increased 3-fold to $37 million.

Better results are expected because of Alcoa is now a subsidiary of Hindalco Novelis might offer even better results. The season is scheduled to begin in India and Hindalco's earnings results are expected to be even better.

Now What to do Advice by Expert: 

@ If you want to trade in hindalco than you can buy near at 155 to 156 target 65, 78 with in stop loss 148.

Wish You Happy Navratri From Money Maker Research Pvt Ltd

The Stock Market Closed with losses, Nifty Closed at 7958 Today

After fluctuate with the business day & closed in the red side today. Sensex shed 30 points and the Nifty ended with 10 points. Midcap and Smallcap stocks showing strong bounce today but was beaten heavy weight stocks.

The 30-share BSE index at the end of trading Sensex declined 29.21 points, ie 0.11 per cent and closed at the level of 26 597. The NSE 50-share Nifty index slipped 9.95 points, ie 0.12 percent to close at 7958 levels.