Stock Market update: Hindalco shares up by 2.60% as Jefferies retain ‘Buy’ rating
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.
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Hindalco Ltd. enters into partnership with Hindustan Copper for purchase of copper concentrate
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.
Q1 FY21 Results: Hindalco posts consolidated loss of Rs 709 crore, revenue declines 26%
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.
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