In a Q&A, Satish Pai says his firm switched to higher exports in April and May as domestic demand was weak. And while metal prices remain low, around 80% of its Ebitda remains unaffected by price
Novelis informed that its net income attributable to its common shareholder came in at $63 million for the quarter under review, down 39 per cent year-on-year (YoY
Debt-funded Aleris purchase, likely moderation in operating profits amid Covid-19 could push up debt/EBITDA ratio
While two units are to be divested, outlook for high-end aerospace business is soft
Universal Cables announced that operations at its manufacturing units in Satna had been temporarily suspended with effect from the midnight of March 24
For Hindalco, keep a stop at 157 and go short
For ITC, keep a stop at 196.5 and go long
The IMF has predicted the epidemic would shave 0.1 percentage points off global growth
In the period under review, revenue of the company stood at Rs 29,197 crore, down 12 per cent
Analysts have maintained 'buy' rating on stock
With the chart looking promising, we suggest to buy Hindalco and accumulate the stock with an upside target of Rs 220-225 keeping the stop loss near Rs 180 levels.
The new refinery estimated to cost Rs 8000 crore, is proposed to come up at Kansariguda near Rayagada in southern Odisha
For GAIL keep a stop at 119.5 and go short
Aluminium trailers along with the recently launched bulkers are the two consumer-facing products the company is looking to establish in the domestic market
Investor sentiment perked up after US national security adviser Robert O'Brien on Saturday said an initial trade agreement with China was still possible by the end of the year
As part of entering the packaging business, Hindalco recently partnered with the Jute Corporation to make recyclable packaging material
Analysts say the demand for aluminium from the US auto industry remains favourable and there are supply constraints for aluminium cans too
Hot stocks to lookout for today: HCL Tech, Coal India, Hindalco
Strong show by Novelis lends support to consolidated numbers in June quarter, and is likely to do so moving forward, too
Currently, these large companies (such as Hindalco) hedge all their risks in metal prices on bourses abroad