Hindalco Gains Most Since 2009 as Profit More Than Doubles

Updated on
  • India’s No. 2 aluminum producer names new managing director
  • Shares surge 12% and are the best performer in Nifty 50 Index

Hindalco Industries Ltd. shares surged after India’s second-biggest aluminum producer more than doubled profit in the fourth quarter and named a new managing director to lead the company.

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