Stay updated with the latest news and articles about Hindalco.
As China initiates rate cuts and stimulus measures to bolster its slowing economy, Indian metal stocks are expected to benefit from a potential demand-driven upcycle, according to CLSA.
Macquarie has upgraded JSW Steel to "Outperform" and raised its target price to ₹1,077.
Top stocks to watch today are Hindalco, Zee Entertainment, Union Bank of India, Swan Energy, Devyani International.
Top stocks to watch today are Hindalco, Coal India, JSW Energy, Paytm, SAIL, HEG.
Aditya Birla Group flagship company Hindalco Industries announced an investment of Rs 800 crore to set up a battery foil manufacturing facility in Odisha.
Hindalco-backed Novelis reported in the fourth quarter of FY23, a net income of $156 million that was attributable to common stockholders, a 27% YoY decrease.
Hindalco's third-quarter results: Due to the disappointing profits, Hindalco Industries Ltd's shares momentarily fell into the red, reaching a low of ₹431.75. However, shares climbed 0.55% and are now trading at ₹438.90 per share on the NSE in lunchtime trades.
Stocks to Watch: Tata Steel recorded a consolidated net loss of Rs 2,223.84 crore in the December quarter (Q3FY23) due to a steep decline in European realisations.
Jefferies also believes Hindalco’s 1.2 times one-year forward price-to-book value is attractive for a company pegged to give a 16 percent return on equity in 2022-23.
Hindalco Industries Limited and Hindustan Copper Limited (HCL), a Miniratna Central Public Sector Enterprise, today signed a Memorandum of Understanding (MoU) for the long-term purchase and sale of copper concentrate produced by Hindustan Copper Ltd.
Hindalco on Friday posted a standalone loss of Rs 40 crore for the quarter ended June 30. It had reported a profit of Rs 23 crore in the corresponding quarter last year. On a consolidated basis, the company posted a loss of Rs 709 crore against a profit of 1,063 crore a year ago. Revenue from operations declined 15.64% YoY to Rs 25,283 crore.
Showing 30 of 30 articles