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ALUMINIUM INDUSTRY
Hindalco Q1 results: Profit soars 75% YoY to record Rs 7,013 crore; revenue jumps 32%Hindalco Industries reported a record 75% year-on-year jump in June-quarter consolidated net profit to Rs 7,013 crore, driven by strong Ind...
Hindalco rides aluminium supply shock, US unit Novelis' rebound in first quarterHindalco Industries sees strong performance from rising aluminium prices and Novelis' recovery. Global aluminium prices increased significa...
Billionaire Anil Agarwal’s Vedanta unit seeks mega $1.4 billion loan after business splitVedanta Aluminium Metal Ltd. is raising 135 billion rupees from three major banks. Axis Bank, HDFC Bank, and ICICI Bank are providing the s...
Stock Radar: Hindalco stock forms double bottom pattern after falling over 14% from highs; time to buy?Hindalco Industries stock is showing bullish signs after testing support levels. Experts suggest short-term traders can buy the stock for p...
Novelis targets debt reduction as it aims to bring leverage below 4xBy fiscal year-end, Novelis expects its net leverage ratio to fall beneath four times, as they wind down their peak capital expenditure eff...
HSBC picks ICICI Bank, Titan, 8 other stocks to ride a potential $25 billion FII inflow as AI trade volatility loomsHSBC expects India to attract up to $25 billion in foreign equity inflows if global investors rebalance portfolios away from volatile AI-dr...
These large-caps have ‘strong buy’ & ‘buy’ recos and an upside potential of more than 20%It was after quite some time that market breadth, always a better indicator of underlying sentiment, was positive for a few trading session...
Nalco among 5 stocks that closed above VWAP, signaling bullish shiftFive Nifty500 stocks closed over 2% above their VWAP on August 3, signaling bullish momentum and positive market sentiment, according to St...
Dividend alert! Last day to buy Vedanta Aluminium, Hyundai Motor among 25 stocks for dividend payout worth Rs 430As per Sebi's T+1 settlement cycle, investors must buy a company's shares at least one trading day before the record date to ensure the sha...
Carmakers partly absorb commodity shocks to keep production on trackIndian carmakers are absorbing rising commodity costs to sustain production levels. Demand for vehicles remains robust, driving sales growt...
Dividends & stock splits: Maruti Suzuki, ICICI Bank among nearly 100 stocks turning ex-date this week. Do you own?Nearly 100 stocks, including Maruti Suzuki, ICICI Bank, Coforge and Vedanta Aluminium, will trade ex-date between August 3 and August 7 for...
Maharashtra-based SME stock plunges 20% as MD gets shot, director taken in police custodyIn an exchange filing, GSM Foils said the firing incident took place in the Naikpada area in Vasai-Virar, located near Mumbai. After gettin...
Aluminium signals recovery after correction; supply risks and energy concerns may drive the next leg higherThe recent rebound has been supported by tightening global inventories, concerns over energy availability in key producing regions, geopoli...
Small aluminium manufacturers hit by high cost of raw material due to import parity pricing: ReportDomestic aluminium MSMEs face higher raw material costs due to import parity pricing. A report highlights this pricing mechanism squeezes t...
Comprehensive work plan in India-EU FTA to address carbon tax concerns: officialThe India-EU free trade agreement includes a work plan for carbon border adjustment mechanism concerns. This plan aims to assist small and ...
Vedanta Aluminium shares in a sweet spot, says ICICI Securities; initiates coverage with Buy ratingICICI Securities has initiated coverage on Vedanta Aluminium Metal (VAML) with a 'Buy' rating and a target price of Rs 520, implying over 1...
NPCIL gets sole proposal from Hindalco for Bharat Small ReactorsApart from the Aditya Birla Group company, Jindal Steel, Tata Power and Reliance Industries had also initially sought tentative project doc...
Canada's Enervoxa plans India rare earths project, may tie up with Vedanta, Hindalco, NALCOCanadian climate technology company Enervoxa plans to partner with Vedanta, Hindalco and NALCO to build a rare earth processing plant in In...
Hindalco evaluating Rs 50,000 crore investments, says chairman Kumar Mangalam BirlaHindalco Industries is evaluating investments up to fifty thousand crore rupees. This potential investment pipeline will support the compan...
Downstream aluminium industry says duty structure hurting competitiveness, seeks reliefDownstream aluminium manufacturers are urging the government to reduce import duties. Higher global metal prices and freight costs pressure...