Hindalco Gains 3% on Value Buying
Shares in Hindalco Industries gained 2.9 per cent on Friday on value buying after 9.2 per cent slump over the previous four sessions.
The Supreme Court cancelled Hindalco's Talabira I/II and Mahan coal blocks on Wednesday.
Investors say de-allocation of Mahan and Talabira II would have little impact as those blocks were not producing and were awaiting environmental clearance.
As of 10.35 a.m. Hindalco Shares traded 2.77 per cent higher at Rs 153.70 outperforming the Nifty which was down 0.11.
Copyright: Thomson Reuters 2014
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