Latest Updates Around The World
Shares of Hindalco and National Aluminum Company (NALCO) fell 3% and 4% respectively on Tuesday. Citing weak growth prospects for the coming quarters, domestic brokerage firm InCred Equities downgraded both companies, leading to this decline. InCred assigned a target price of Rs 631 to Aditya Birla Group company Hindalco and projected a downside potential of […]
India’s benchmark indices closed sharply lower on Friday, driven by broad selling across sectors. Consumer, IT and energy stocks were among the biggest laggards.The Nifty settled at 25,471.10, down 336 points or 1.30%, while the BSE Sensex tumbled 1,048.16 points or 1.25% to close at 82,626.76. The volatility gauge, India VIX, ended at 11.73, down […]
Indian stock markets extended their losing streak for the fourth straight session as geopolitical tensions and renewed fears of aggressive US tariff measures shook investor confidence. The Sensex lost nearly 800 points in Thursday’s session, marking a decisive collapse after a week of consolidation, while the Nifty 50 fell sharply below crucial technical levels, raising […]
Despite near-term headwinds at Novelis, the long-term investment scenario for Hindalco Industries remains structurally strong, driven by favorable aluminum price dynamics and resilient domestic operations, said Aditya Welekar, AVP at Axis Securities.Speaking to ET Now, Welekar said Novelis remains a long-term growth story even as the company faces execution-related challenges at its Bay Minette project […]
Novelis expects its cash flows to be negatively impacted by $550-$650 million during the current fiscal year as a result of the fire at its Oswego, New York facility in September. This includes adjusted earnings before interest, taxes, depreciation and amortization of $100 – $150 million.The subsidiary of India’s Hindalco Industries will restart this hot […]
The worst is in different ways for Novelis, said Satish Pai, director of Hindalco Industries. “By the second half of this year you have to see a very positive turn to Novelis,” he said on Tuesday. Hindalco Industries, who reported his consolidated income on Tuesday, saw a jump of 30% in his consolidated net profit […]
Novelis Inc, the entire subsidiary of Hindalco Industries, has reported a 36% decrease on an annual basis in his net income for the quarter of June at $ 96 million. Excluding special items, the bottomline was 43% lower compared to the previous year at $ 116 million. The net turnover of the aluminum maker based […]
