Hindalco shares hit record high ahead of Novelis IPO
The proposed IPO is an offer for sale by the existing promoter Hindalco Industries.
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Hindalco shares crash 15% despite strong show by Novelis; Q3 result in focus
Novelis reported YoY improvement in net income and adjusted EBITDA in Q3 FY24, driven by higher pricing and lower operating costs.
Hindalco to invest ₹800 cr to set up EV battery foil unit in Odisha
The Aditya Birla Group company plans to invest ₹800 crore to build a new plant near Sambalpur in Odisha.
Hindalco Industries shares jump 4% on power purchase deal
Hindalco has inked a power purchase agreement with Seven Renewable Power for the acquisition of a 26% stake in the company.
Govt scraps export duty; here’s how steel stocks reacted
Shares of JSW Steel, Hindalco, Tata Steel, Jindal Steel & Power dropped up to 2% even after the government rolled back export duty on steel and iron ore products.
Hindalco stock zooms 6% on revenue surge in Q2
Following the quarterly results, domestic brokerage ICICI Securities has given a ‘Buy’ call for Hindalco, while raising the company’s target price to ₹515.
Hindalco Q1 net profit rises 48% to record high, EBITDA grows
Hindalco reported its best-ever quarterly profitability levels on account of better macros, and robust performance of its aluminium downstream and copper subsidiaries.
Sensex, Nifty to open tad lower; Hindalco, Coal India, IRCTC, Oil India, SAIL, IGL, HDFC shares eyed
The Sensex and Nifty are poised to slide in the opening trade on Wednesday, following weak cues from global peers as caution prevailed ahead of the U.S. inflation data.
Hindalco share jumps 5% post Q4; should you buy, hold, or sell?
Macquarie has maintained 'outperform' rating on the Hindalco stock, while Jefferies, CLSA, Kotak Securities and Motilal Oswal have given a 'buy' call.
Hindalco Industries shares drop 3% in opening trade; here’s why
Shares of Hindalco Industries dropped even after its U.S. subsidiary, Novelis, reported strong earnings in the March quarter of 2022.
