Mon, Nov 11, 2024
Hindalco Industries, the metals flagship of the Aditya Birla Group, is poised to deliver a strong set of numbers for Q2FY25, driven by a stellar performance in the aluminum segment. However, its US subsidiary, Novelis, is expected to weigh on overall growth due to operational disruptions.
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Thu, Oct 24, 2024
FMCG stocks took a significant hit, with HUL and Nestle India leading the decline. Metal stocks were also under pressure, dragged down by a 3.41 per cent drop in Hindalco.
Sun, Oct 06, 2024
Hindalco Industries and JSW Steel will be vying for state-owned Hindustan Copper Ltd's two copper mines in Jharkhand, sources said.
Mon, May 23, 2022
Though market started on a strong footing despite mixed cues from Asian markets, metal stocks were under tremendous pressure on Monday.
Tue, May 17, 2022
Taking cues from its Asian peers and buoyed by action in heavyweights and broader markets, the benchmarks rose more than 2.5% on Tuesday, the day shares of India's largest IPO, LIC, was listed on the exchanges.
Thu, May 12, 2022
The brokerage on metal sector giant Hindalco looks quite bullish. Apart from CLSA, Macquarie and Jefferies have also released their latest reports on this stock and have asked investors to buy.
Thu, Mar 31, 2022
Hindalco Company became the buzzing stock today, Zee Business' Research Analyst Ashish Chaturvedi explains why!
Thu, Mar 10, 2022
Certain stocks were in action in either direction based on reports linked to them. Here is a list of some of such stocks.
Tue, Mar 08, 2022
While the double impact of cost curve increases and export restrictions out of Russia is being felt in aluminium, zinc and steel, the brokerage expects supply side imbalances to continue in various other commodities with strong undercurrents of inflation.
Fri, Feb 11, 2022
Indian market is likely to retest crucial support levels on Friday, tracking muted global cues, but there will be stock-specific action in which global brokerage came out with their reports on business development, or earnings outlook.
Indian market closed in the green on Thursday for the third consecutive day in a row. The S&P BSE Sensex rallied more than 450 points while the Nifty50 closed above 17600 levels.
Thu, Feb 10, 2022
The company’s Q3 profit almost doubled driven by positive macros and focus on downstream value-added products along with better operating efficiencies.
Wed, Feb 09, 2022
The Sensex gained over 650 points, Nifty50 settled above 17450-mark at the market close. While Nifty mid-cap index gained as same as benchmarks by over 1 per cent at the close today.
Mon, Jan 03, 2022
Indian market closed with gains of over 2 per cent for the week ended December 31. It is the second straight week of gains for domestic exchanges in the run up to the New Year.
Fri, Nov 26, 2021
As the bears grip the market during Friday’s session, metal, auto, and pharma stocks witnessed a maximum buzz. In this regard, JSW Steel, Tata Motors, Hindalco slipped most, while Cipla and Dr Reddy’s were the top gainers in the otherwise negative market.
Tue, Nov 16, 2021
Hindalco Industries Ltd, the metals flagship of Aditya Birla Group, on Tuesday said it has once again emerged as the world's most sustainable aluminium company in the Dow Jones Sustainability Indices 2021.
Fri, Nov 12, 2021
Hindalco Industries Ltd has reported a multifold jump in consolidated profit after tax (PAT) to Rs 3,417 crore for the quarter ended September 30.
Fri, Aug 06, 2021
Hindalco Industries Ltd on Friday reported a consolidated profit after tax of Rs 2,787 crore for the quarter ended on June 30, 2021.
Wed, Jul 07, 2021
The Metal Index on Wednesday aided the domestic markets to end positive, as scrips such as Tata Steel, JSW Steel, and Hindalco became the top Nifty gainers at the close. The Nifty Metal index grew by 2.2 per cent as compared to a 0.4 per cent rise in the Nifty50 at the close.
Fri, May 28, 2021
Snapping a two-day decline, the metal stocks have been surging on the last day of this week’s session. Nifty Metal index opened at a day’s high today and jumped over two per cent beating its peers intraday today.
Hindalco Share price: ICICI Securities looks ahead in FY22/23E and see limited earnings tailwind for Novelis (vs expectations). ICICI Securities maintain HOLD rating with a target of Rs 417. Novelis as an earnings trigger is largely exhausted in ICICI Securities view, allowing the LME induced volatilities to drive share price performance from here on
Fri, May 14, 2021
Hindalco Share price: Novelis reported an inline adjusted EBITDA of US $505 mn in Q4FY21 (EBITDA/te of US $514). Novelis was categorical in playing down the EBITDA impact from a halt in auto production due to chip shortage and can maintain US $500/te of EBITDA in Q1FY22E. Aleris continues to benefit from the constructive building and construction markets
Thu, May 06, 2021
Jefferies says that Global steel and aluminium prices have found renewed strength post the Chinese New Year and are at 10-year and 3-year highs respectively. The decarbonisation efforts are weighing down on steel supply in China and Japan while a synchronized recovery in global manufacturing and potential infrastructure stimulus across regions bodes well for demand
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