Hindalco becomes first Nifty company to gain 100% in 2016
Hindalco Industries, India’s biggest aluminium maker, became the first Nifty company in 2016 whose stock gained more than 100% year-to-date, reports suggested on Tuesday. The market value of the stock rose from ₹84.21 as on December 31 to ₹172 on Tuesday. Notably, Hindalco will report its September quarter earnings on November 12.