Hindalco Industries' Stock Receives 'Strong Buy' Call from MarketsMOJO Amidst Market Volatility

Hindalco Industries, a leading player in the aluminium and aluminium products industry, has been making headlines in the stock market recently. The company's stock, listed as a largecap, has been given a 'Strong Buy' call by MarketsMOJO, a leading stock analysis platform.

Despite opening with a loss of -3.6% today, Hindalco's stock has been performing well in the market. It has outperformed the sector by -1.21% and has shown a trend reversal after two consecutive days of gains. The stock has also opened with a gap down of -3.6%, indicating a strong buying opportunity for investors.

However, the stock did touch an intraday low of Rs 657.55 (-7.18%), which could be attributed to the overall performance of the aluminium and aluminium products sector, which has fallen by -5.41%. But, Hindalco's stock is still higher than its 200 day moving average, showing a positive trend in the long term.

In comparison to the Sensex, Hindalco's stock has shown a -6.73% performance in the last 1 day, while the Sensex has only shown a -1.15% performance. Similarly, in the last 1 month, Hindalco's stock has shown a -9.73% performance, while the Sensex has shown a -1.97% performance.

With such strong numbers and a 'Strong Buy' call from MarketsMOJO, Hindalco Industries is definitely a stock to watch out for in the aluminium and aluminium products industry. Investors can take advantage of the current dip in the stock's price and consider adding it to their portfolio for potential long term gains.