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HINDALCO CAPEX
The aluminium boom is here: Why Morgan Stanley says Hindalco is set to explodeMorgan Stanley initiated coverage on Hindalco Industries with an ‘Overweight’ rating and a target price of Rs 1,325, citing a favourable al...
Vedanta Resources looking to rejig $5.5 bn holdco debt in one goAnil Agarwal's Vedanta Resources Ltd is in talks with global banks to refinance its $5.25-5.5 billion debt. The company aims to raise $3.5-...
Hindalco shares rise 2% on Novelis' upbeat commentary; US arm reports $84 million net lossHindalco shares gained 2% after US arm Novelis plans to reopen its Oswego hot mill sooner than anticipated, despite a higher projected cash...
Red alert: 15 stocks most vulnerable to FII selling as DIIs refuse to step inForeign institutional investors have divested approximately $53 billion from Indian equities since September 2024, leading to significant o...
Are metals turning defensive? 5-year returns rival, even beat traditional safe havensMetal stocks are outperforming defensive sectors, delivering strong returns driven by structural demand shifts and supply constraints. Fact...
BofA Securities cuts Nifty earnings target to 8.5%, says market not in value zoneBofA Securities has significantly lowered its earnings growth forecast for Nifty 50 companies to 8.5% for FY27, citing rising stagflation r...
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 raises FY25 capex target to ₹6,000 croreEarlier this year, Hindalco said it would spend ₹5,000-5,500 crore on capex in FY25. In FY24, it spent about ₹4,200 crore.
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...
We have guided for a Rs 5000 crore capex in FY24: Satish Pai, HindalcoI think if you look at it largely from a novelist viewpoint, auto and aerospace are doing extremely well and the demand is extremely strong...
Hindalco has $2.5-3 billion capex plans for next 5 years: KM BirlaIn India, the company will implement organic growth projects entailing a capital outlay of over $1billion toward Utkal alumina expansion, v...
Hindalco Q4 profit falls 18% on lower aluminium pricesThe company reported its Q4 earnings on Thursday for FY19.
Focus on cutting debt, firm metal prices to aid Hindalco“Our focus would be to bring down our debt-to-EBIDTA to less than 3,“ Hindalco MD Satish Pai told ET.
Kumar Mangalam Birla-led Hindalco to mop up $500 million in QIPHindalco’s consolidated debt stood at Rs 63,348 crore as of March-end and analysts expect the debt level to peak in the current year to Mar...
Hot stock: JPMorgan sees over 35% upside in HindalcoHindalco is at an inflexion point and a substantial upside can be seen in the stock price over the next two years, says JPMorgan.