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NOVELIS EARNINGS OUTLOOK
Time to adopt a tactical perspective? 6 metal stocks, 4 with an upside potential of up to 14%In metal stocks, ‘buy, forget, and return after five years’ is not the best strategy to adopt. The sector is cyclical, global, China- and t...- 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...
- 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 shares decline 2% as Q4 profit falls 51%. Here’s what Nuvama and other brokerages saidHindalco Industries' shares dipped after reporting a 51% YoY decline in net profit to Rs 2,597 crore for the March quarter, despite a 20% r...
- 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...
- For investors who can think beyond war and austerity measures: 5 large-caps from different sectors with upside potential of 31%A bounce-back after a correction should not be confused with the disappearance of risk. Geopolitical tensions may have faded from daily hea...
- 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 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 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 ...
- Aluminum products maker Novelis makes US IPO filing publicThe company is moving ahead with a listing at a time when the U.S. IPO market is on a rebound this year, after a two-year lull, on hopes of...
- 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...
- 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 US arm to face margin pressure for 2-3 quarters, says Kotak EquitiesHindalco Industries subsidiary, Novelis, is expected to face margin pressures due to factors such as weak demand in the building and constr...
- Hindalco shares slip as continued weakness in US subsidiary to weigh on earningsShares of Hindalco Industries, the Indian multinational aluminium and copper producer, experienced their sharpest drop in almost two months...
- Hindalco falls 7% as subsidiary's client cuts forecastBall Corporation, a US manufacturer of beverage cans, reduced its five-year volume growth outlook for North America due to sluggish demand....
- Hindalco climbs 9% on completion of Aleris acquisitionHindalco cemented its position as the world's largest producer of value-added aluminium products.
- Rising recycling spread over LME prices to helpNovelis contributed almost 60 per cent of Hindalco’s consolidated operating profit (EBIDTA) in FY18.
- Advantage Novelis from rising spread between recycled prices of the metal and trading quotes at LMEOther than US, Novelis also has operations in Brazil where it is expected to benefit from the weak Brazilian currency, which has fallen 12%...
- Novelis third quarter net profit jumps 3-fold to $46 million on new business modelNovelis’ Q3 net profit tripled to $46 million helped by higher shipments on the back on expansion in Asia and South America and more sales ...
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