Hindalco share price, May 20 -- Shares of Hindalco Industries climbed 4% to hit an intraday high of Rs.1,089.60 on the BSE on Wednesday, May 20, after its US subsidiary Novelis reported its quarterly results and provided an update on operations at its fire-hit Oswego facility in New York.

Novelis reported a net loss of $84 million for the fourth quarter, compared with a net profit of $294 million in the corresponding period last year, as fire incidents at its Oswego plant continued to impact operations and cash flows.

The company said the decline was primarily due to pre-tax losses of $630 million linked to the September and November fire incidents at the facility. Even amid the losses, quarterly net sales increased 4% year-on-year to $...