Hindalco rises nearly 2.50% as govt may increase in anti-dumping duty on imported aluminium foil from Thailand
The development that the government may increase the anti dumping duty on aluminum foil imported from Thailand is likely to help Hindalco. DGTR has started the mid-term review on the application of six companies, including Hindalco.
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Hindalco Share Price: Hindalco rose nearly 2.50 per cent in morning deals on BSE on Monday (April 1, 2024) after the news that the government may increase the anti-dumping duty on aluminum foil imported from Thailand.
The stock that closed at Rs 560.45 on Thursday opened at Rs 566.60 on Monday to race to the day's high of Rs 574.25, a 2.46 per cent rise from the previous close.
The stock of the aluminium company closed trading on Monday higher by 1.40 per cent, or Rs 7.85, at Rs 568.30.
The development that the government may increase the anti dumping duty on aluminum foil imported from Thailand is likely to help Hindalco.
DGTR has started the mid-term review on the application of six companies, including Hindalco.
Hindalco claims to be one of India's biggest aluminium manufacturing companies and the world's largest flat-rolled products player and recycler of aluminium.
The company is a subsidiary of Aditya Birla Group.
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