Hindalco and NALCO have been downgraded to ‘reduce’ by InCred Equities. Here are 3 reasons why

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 […]

Vedanta shares are at a standstill after rallying 12% in four days, falling 2% on sector weakness

Vedanta shares on Thursday broke their four-day winning streak, down almost 2%, amid heavy trading volumes, even as the stock had risen sharply in recent sessions. The scrip had risen almost 12% in the last four trading days, reaching Rs 675.70 in the previous session before taking profits in today’s trading.The stock fell 1.69% on […]

NBCC shares focus on securing projects worth Rs 289 crore from NALCO, SAIL Bokaro

Shares of NBCC (India) Ltd are expected to remain in focus on Friday, December 12, following the company’s announcement that it has been awarded two project management consultancy contracts with a combined value of around Rs 289.39 crore from NALCO and SAIL Bokaro.According to the company’s disclosure to the stock exchanges, this is the first […]