Page 9 - Hindalco

Base metals stocks shine as supply crunch, EV push lift copper, zinc prices

Shares of firms in this space up 50-198% since November 2020; global demand for copper and aluminium outstrips supply, pushing spot prices higher than futures

Hindalco consolidated third quarter profit soars 77% to Rs 1,877 cr

The jump was mainly driven by strong performance by Novelis and India aluminium business

Tata Steel, Vedanta: Tech charts signal more upside in metal stocks

Going forward, analysts at Phillip Capital expect metal companies to report further improvement in operating performance in Q3FY21 results

Hindalco invests Rs 730 cr in 34,000 tonne extrusion facility at Silvassa

Company aims to invest Rs 7,000 crore in downstream segment over next few years

Commercial coal auction: SC to have final say on who gets Jharkhand mines

The interim order comes at a time when the Centre has already awarded 17 out of the 19 mines on offer

Adani to own 1st coal mine in India, bids inch up on Day 2 of auctions

Places highest closing bid for Dhirauli mine in MP, edging out the only other bidder Hindalco Industries; The only other mine it owns is Carmichael in Australia

CCI dismisses unfair business practices complaint against Hindalco, Vedanta

The Competition Commission of India (CCI) closed the matter as the informant was not able to substantiate the allegations made against the firms

Commercial coal auction: Adani, Hindalco, Essel Mining among bidders

Govt gets 82 bids in technical round for India's first such auction

Hindalco: Better domestic show, Novelis outlook can help stock re-rate

Rebound in aluminium price, positive Novelis outlook boost confidence in stock

Hindalco to supply 1.2 mn tonne red mud to Ultratech in new deal

Move will help cement maker reduce dependence on natural resources and promote circular economy; Red mud is a waste product generated in alumina production

Hindalco dives into red, posts Q1 consolidated pre-tax loss of Rs 600 cr

The company's consolidated net sales in the quarter gone by stood at Rs 25,283 crore, down 15.6 per cent from same period last year

BSE Metal index jumps nearly 4%; SAIL advances 7%, Hindalco surges 6%

SAIL gained 8 per cent to Rs 37.3 after the company on Tuesday informed it attained a sales volume of 15.83 lakh tonnes in July.

Hold Nifty longs with 11,050 stop-loss: Vinay Rajani of HDFC Securities

Nifty is in continuation of an uptrend

Covid-19 impact: Six of the top 10 family-owned businesses in the red

Leading business houses report pre-tax loss of Rs 19,342 crore in Q4

Trading ideas by Religare Broking: Sell Hindalco, TVS Motor futures

TVS Motor's stock has failed to surpass the resistance zone of the long-term moving average on the daily chart

Hindalco exporting over 80% of output amid contracting domestic demand

Hindalco has restarted downstream operations at truncated capacities to meet the existing market demand

We have cut back on our capital expenditure for this year: Hindalco MD

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

Hindalco gains 5% after unit Novelis' Q4 results; brokerages maintain 'buy'

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

Crisil revises ratings outlook on Hindalco to stable from positive

Debt-funded Aleris purchase, likely moderation in operating profits amid Covid-19 could push up debt/EBITDA ratio

Coronavirus takes away the sheen from Hindalco's Aleris acquisition

While two units are to be divested, outlook for high-end aerospace business is soft