Hindalco hits 52-week high, Nalco rises higher as LME bans from its system Russian metal
Hindalco hit a 52-week high on BSE on Monday (April 15, 2024) after the LME on Saturday banned from its system Russian metal produced on or after April 13 to comply with new U.S. and UK sanctions imposed for Russia's invasion of Ukraine. The sanctions aim to restrict revenues for Russia from the export of metal produced by companies such as Rusal and Nornickel that help to fund its military operations in Ukraine.
Nalco jumped by 3.62 per cent to the day's high of Rs 184.70 on Monday after previous close of Rs 178.25. Photo: Nalco official website/Representational