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Buy, Sell or Hold: Morgan Stanley initiates coverage on Hindalco; Emkay Global downgrades Hitachi EnergyBrokerages show mixed views on metals, mining, and power equipment stocks. Morgan Stanley initiated coverage on Hindalco with an 'Overweigh...- Hindalco sees 5% rise in raw material costs, stays confident on key customersHindalco anticipates a 5% rise in raw material costs. The company is confident in keeping clients like Ford Motor Company. Subsidiary Novel...
- Hindalco shares in focus as Novelis’ Oswego fires delay restart, dent Rs 14,000 crore cash flowsHindalco shares may face pressure after Novelis delayed the restart of its Oswego plant following fire incidents, impacting around Rs 14,40...
- Hindalco to infuse $750 million equity into US unit NovelisHindalco Industries will infuse $750 million equity and raise debt to support its US arm Novelis after a fire hit its Oswego unit. The fund...
- Hindalco shares rally 3% as Q1 profit surges 30% YoY. Should you buy, sell or hold?Hindalco's net profit jumped 30% YoY to Rs 4,004 crore in Q1 on strong domestic performance. Brokerages remain divided, Motilal Oswal and N...
- Hindalco shares drop 2% after Novelis' Q1 net income drops 36% to $96 millionHindalco Industries' shares dropped after Novelis Inc, its US subsidiary, reported a 36% drop in net income to $96 million for Q1FY26. Desp...
- ‘Trump Factor’ can disproportionately influence 2025, says Kumar Mangalam BirlaKumar Mangalam Birla, chairman of the Aditya Birla Group, highlighted the significant influence Donald Trump’s presidency could have on glo...
- Novelis IPO to be taken up once conditions are right for premium valuation, says Hindalco MD Satish PaiHindalco Industries will delay the IPO of its US subsidiary Novelis until market conditions improve and performance meets expectations for ...
- Hindalco stock correction opens up a buying opportunityExperts view the recent drop in Hindalco Industries' share price as a buying opportunity, citing strong fundamentals. Despite a recent dip ...
- Hindalco to list Novelis only at its desired valuation, says MD Satish PaiHindalco Industries will list its US subsidiary Novelis only at a desired valuation, delaying the IPO due to market conditions. The company...
- Hindalco to pump in USD 10 billion for expansion in India, US: KM BirlaHindalco is currently evaluating a nearly 200,000 tonne-brownfield expansion at its Aditya Aluminium smelter in Odisha, which will be subst...
- DAM Capital initiates coverage on Hindalco with buy rating, sees 37% upsideBrokerage firm DAM Capital gave Hindalco a 'Buy' rating, targeting a price of Rs 905. The firm highlighted Hindalco's strong aluminium and ...
- Hindalco to spend nearly $7 billion on capex in 3-5 yearsHindalco Industries plans to invest $7 billion in capital expenditure over three-five years, focusing on Novelis and Hindalco India. The Ba...
- Motilal Oswal raises target price for Hindalco, sees upside potential of 15%Hindalco's target price raised to Rs 800 by Motilal Oswal as they plan a USD 6.9 billion capex for capacity expansion.
- Hindalco's US arm Novelis to list on NYSE in 2 weeksNovelis IPO: Novelis on Tuesday launched a roadshow for its proposed initial public offering (IPO), where Indian parent Hindalco plans to s...
- Novelis may go for up to $1.5 billion IPO in JuneThe wholly-owned subsidiary of Hindalco Industries intends to list its shares on the New York Stock Exchange under the symbol “NVL”.
- Hindalco arm Novelis eyes US IPO, files papersThe company is wholly owned by Hindalco through its subsidiary AV Minerals (Netherlands) NV, which will offload shares for the public offer...
- Hindalco crashes over 12% on capex surge at NovelisUS-based Novelis Inc – a subsidiary of the company - said that the company will now spend $4.1 billion on the integrated rolling and recycl...
- Novelis may take bridge loans for higher capex, says Hindalco MDNovelis, a subsidiary of Hindalco, will now spend $4.1 billion on its integrated recycling and rolling plant being set up in Bay Minette, U...
- Hindalco's US-based subsidiary Novelis to invest $2.5 billion in a new plantThe new facility will have an initial capacity of producing 600,000 tonnes of finished aluminium goods a year and will be the Aditya Birla ...
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