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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 Q4 Results: Profit falls 51% YoY to Rs 2,597 crore; co declares Rs 5 dividendHindalco Q4 Results: Hindalco on Friday reported a 51% year-on-year (YoY) decline in its consolidated net profit at Rs 2,597 crore in the f...
- Hindalco Q3 results: Strong aluminium EBITDA offsets Novelis hit; margin dip linked to Oswego fireHindalco Industries Ltd's shares are in focus after a strong quarterly performance. The company's upstream aluminium business showed robust...
- Hindalco–Novelis outlook: Near-term noise, long-term structural strength intact: Aditya WelekarHindalco outlook remains positive despite near-term headwinds at Novelis, says Axis Securities AVP Aditya Welekar. Bay Minette capex overru...
- Hindalco Q1 Results: Cons PAT jumps 30% YoY to Rs 4,004 crore; revenue rises 13%Hindalco Q1 Results: Revenue from operations for the quarter stood at Rs 64,232 crore, up 13% from Rs 57,013 crore in the corresponding qua...
- 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...
- Hindalco's arm Novelis eyes $300 mn savings, profitability boost from FY28Hindalco-owned Novelis expects $300M in cost savings from 2027-28, driven by operational efficiencies and SG&A initiatives. Two-thirds of t...
- 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 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 spend $10 billion on expanding operations in India and US: KM BirlaHindalco Industries plans to invest $10 billion in expanding its capacities across India and its US subsidiary Novelis Inc, as announced by...
- 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...
- Hindalco net debt negative in India; in Q2, EBITDA per tonne to come in a bit lower than in Q1: Satish PaiHindalco reported higher-than-expected sales for the quarter, driven by strong demand and operational efficiency. Consolidated EBITDA soare...
- 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.
- Why brokerages remain positive on Hindalco stock despite a 14% fall on Novelis shocker?A clutch of brokerages remains optimistic about the long-term story of Hindalco expecting the company to benefit from Novlis capex, over ti...
- 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 shares tank 14% on Novelis' Bay Minette return guidance. Should you buy?The company reported net sales at $3.9 billion for the third quarter of fiscal year 2024, which decreased 6% versus the prior year period d...
- 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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