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NOVELIS OUTLOOK
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...
- US tariffs on metals and pharma: Which Indian stocks are safe and which aren't: Sudip BandyopadhyayIndian equity markets face policy risks from US tariffs and West Asia conflict. These issues impact metals and pharmaceutical sectors. Expe...
- 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 Q3 results preview: PAT may jump 62% YoY; Novelis to be a dampenerHindalco is expected to see a 62% YoY rise in PAT for Q3, driven by strong aluminum and alumina prices, despite lower profitability in Nove...
- 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...
- 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 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....
- Birla-owned Novelis set raise $600 million via offshore bondsCitibank, Bank of America, and JPMorgan are among the global bankers harnessed by Novelis, now accounting for about two-thirds of Hindalco’...
- Buy Hindalco Industries, target Rs 280: Edelweiss Financial ServicesBuy Hindalco Industries Ltd. at a price target of Rs 280.0 .
- 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 ...
- Hindalco's profit after tax expected to decline by 33%Operating margins are seen at 7.5% versus 9% in the previous March quarter. Anything higher than this could be positive for the company's s...
- Hindalco up 4%, BNP cuts EPS estimatesShares of Hindalco Industries were up 4 per cent at Rs 50.45 in dull trade on Wednesday, but brokers see limited upside in the stock as the...
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