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Hindalco shares down 35% from 52-week high; good time to buy?

Shares of aluminium producer Hindalco Industries have plunged 35 per cent from their 52-week high hit in March 2022. Hindalco stock, which touched a 52-week high of Rs 636 on March 23, 2022 was trading at Rs 412 on BSE today, down 35.22 per cent during the period. Later, the Hindalco stock touched an intraday high of Rs 419, rising 2.03 per cent from the previous close of Rs 410.65. Hindalco shares are trading higher than the 5-day, 20-day, 50-day and 100-day moving averages but lower than 200-d...
Tirthankar Das Pavitraa Shetty National Aluminium Hindalco Industries Tata Steel Revenue Of The Aditya Birla Group

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Good News! Foreign Portfolio Investors Return To Indian Equity Market With Rs 4,989 Crore After 9 Months

Investors typically prefer stable markets in times of high market uncertainty. Further, consistent depreciation of the rupee as well as depleting Indian foreign exchange reserves too had a bearing on the weak market sentiments. Indias forex reserves in the past six-to-seven months have declined by over USD 40 billion. Good News! Foreign Portfolio Investors Return To Indian Equity Market With Rs 4,989 Crore After 9 Months.
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