Hindalco Industries shares were down 1.9 per cent ahead of the company’s Q4 results scheduled later in the day.
Traders expect revenue to fall QoQ on lower realisations.
The return on capital employed at aluminium smelters is expected to remain in the low single digits due to de-allocation of captive coal blocks, Ambit Capital has said.
Hindalco is expected to report a standalone net income of Rs 293 crore on Rs 8,292 crore in revenue.
At noon, the share was trading at Rs 132.10, down 2 per cent on the BSE.