{
Hindalco

Companies

}
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001122334455554433221100

Hindalco faces challenges with mixed performance and lowered profitability outlook

Emkay Global Financial has recommended selling Hindalco, setting a target price of Rs 600. The company's Q2 performance showed a strong upstream segment but a weak outlook for Novelis, with management indicating lower profitability in the near term. The report highlights a structural margin contraction and anticipates benefits from alumina price increases in the upcoming quarters.
Moneycontrol
United States Dollar Hindalco IND
Finance & Economy, Market Report
07:52 22.11.2024

Indian markets rebound after seven-day decline amid mixed global cues

Indian equity markets ended a seven-day losing streak on November 19, with the Nifty closing at 23,518.50, up 64.70 points or 0.28%. Key gainers included M&M, Trent, and HDFC Bank, while SBI Life Insurance and Reliance Industries were among the top losers. The market was closed on November 20 for Maharashtra Assembly polls, with sectors like media, auto, and realty showing gains, while metal and oil & gas sectors declined.
Moneycontrol
Indian Rupee Tata Consumer Products Limited HDFC Life Hindalco HDFC Bank Limited Eicher Motors Limited SBI Life Insurance Company Limited Tech Mahindra Limited Reliance Industries Limited IND Show more
Finance & Economy, Market Report
03:11 21.11.2024

China reduces export tax rebates on metals and energy products

China has reduced or eliminated export tax rebates on select aluminium and copper products, as well as refined oil and batteries, leading to a surge in aluminium futures prices in London. This move, which affects rebates on various aluminium products and other commodities, is seen as a strategic response to ongoing trade tensions, particularly following the recent US presidential elections. Shares of major metal producers in India are closely monitoring the situation as international soyoil prices also rise.
Moneycontrol
Chinese Yuan Contemporary Amperex Technology Co., Limited Nalco BYD COMPANY Hindalco Vedanta Limited CHN Ewa Manthey Qilai Shen Show more
Finance & Economy, Market Report
04:39 18.11.2024

Nifty reports single-digit earnings growth for second consecutive quarter

Nifty companies reported a 4% year-on-year profit growth in Q2, marking the second consecutive quarter of single-digit growth, driven by SBI, Hindalco, ONGC, ICICI Bank, and Axis Bank. However, underperformance from BPCL, JSW Steel, and others offset gains, with consumption and asset-quality stress in BFSI sectors noted as weak spots. FY25 earnings projections have been downgraded by 7%, with a mere 5% growth expected, the weakest since FY20.
Moneycontrol
JSW Steel Limited BPCL Bharti Airtel Limited Axis Bank Limited Reliance Industries Limited Hindalco Trent Tech Mahindra Limited Asian Paints Limited IndusInd Bank Limited Tata Motors Limited Coal India Limited ICICI Bank Limited SBI ONGC UltraTech Cement Limited IND ICICI Bank Axis Bank Hindalco SBI ONGC Show more
Finance & Economy, Market Report
09:58 17.11.2024
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