New Delhi, Aug. 25 -- Hindalco cleared Rs.1,049.90 on Monday and closed at the exact high of the session, which is the kind of finish that usually means the buying was not finished either. By Tuesday lunchtime the stock was back underneath it.

49 IST, down Rs.10.65 or 1.01 percent on Monday's close of Rs.1,058.50, and at Rs.1,048.85 on the BSE. It opened at Rs.1,055.00, got no higher than Rs.1,057.00, and fell to Rs.1,040.45 before steadying. Turnover of 16.51 lakh shares is 33.5 percent of an average full day. These are live intraday figures from a session that runs to 15:30.

The reason it went up on Monday and the reason it is down on Tuesday are the same reason, which is what makes this stock worth reading carefully. Hindalco runs tw...