Hindalco Industries (NSE:HINDALCO) 6-Month Price Index : 1.33 (As of Jun. 02, 2024)

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What is Hindalco Industries 6-Month Price Index?

6-Month Price Index is an intermediate-term momentum that shows the price change relative to 6-month ago. It’s calculated by current share price divided by share price 6-months ago. As of today (2024-06-02), Hindalco Industries's 6-Month Price Index is 1.33.

Competitive Comparison of Hindalco Industries's 6-Month Price Index

For the Aluminum subindustry, Hindalco Industries's 6-Month Price Index, along with its competitors' market caps and 6-Month Price Index data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Hindalco Industries (NSE:HINDALCO) 6-Month Price Index Calculation

6-Month Price Index is calculated as following:

6-Month Price Index

Current Share Price

Share Price 6-Months Ago

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Hindalco Industries (NSE:HINDALCO) 6-Month Price Index Explanation

Price Index (PI) also called momentum. Strategies involving Price Index are also known as momentum strategies as they allow investors to profit from a company’s stock price. 6-Month Price Index is an intermediate-term momentum that shows the price change relative to 6-month ago.

The investment strategy for momentum investors is to buy winners and sell losers. That is, buy stocks that performed well and sell stocks that performed poorly in the past.

Hindalco Industries 6-Month Price Index Related Terms

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Hindalco Industries (NSE:HINDALCO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Hindalco Industries Ltd (NSE:HINDALCO) » Definitions » 6-Month Price Index

Traded in Other Exchanges

500440:India

Address

Pandurang Budhkar Road, Birla Centurion, 6th & 7th Floor, Worli, Mumbai, MH, IND, 400030

Website

https://www.hindalco.com

Hindalco Industries Ltd extracts raw materials and produces and sells industrial metals in the below segments: Copper, Aluminum Upstream and Aluminium Downstream, Novelis, and all other Segment. The Copper segment purchases raw materials and produces continuous cast copper rods, copper cathodes, sulphuric acid, gold, and silver. The firm hedges its copper and other precious metals costs through futures contracts in an attempt to match commodity price changes between the time it purchases the raw materials and sells the finished products. The Aluminum segment mines bauxite and produces hydrate and alumina, aluminum, and aluminum-based products. The majority of Hindalco's revenue comes from India. The firm is also expanding internationally with sales and operations worldwide.

Hindalco Industries (NSE:HINDALCO) Headlines

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