HINDALCO INDUSTRIES (HINDALCO)
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Hindalco Industries Q2 Results: Net up 59% on firm metal prices
Hindalco Industries, an Aditya Birla group company, has reported that its net profit in the September quarter was up 59 per cent at ₹7,533 crore, against ₹4,741 crore on the back of better realisation. Revenue increased 39 per cent to ₹91,708 crore (₹66,058 crore). Ebitda was up 42 per cent at ₹13,757 crore (₹9,684 crore).
Analyst flags Death Cross on Hindalco and Adani Total Gas charts
Hindalco, ATGL: Analyst flags weak trend amid 'Death Cross' on daily charts Sudeep Shah of SBI Securities says that the bias for Adani Total Gas stock is likely to remain weak as long as the stock trades below the ₹560-565 zone. Listen to This Article Disclaimer: Views and outlook in this report belong to the brokerages and analysts cited. They do not reflect the views of Business Standard.
EGA restarts Al Taweelah smelter, putting Hindalco, Vedanta, NALCO in focus
Emirates Global Aluminium has restarted its Al Taweelah smelter, drawing fresh attention to Indian aluminium producers Hindalco, Vedanta, and NALCO. Hindalco's share price is under scrutiny amid negative returns, even as Motilal Oswal's Siddhartha Khemka recommends accumulating aluminium stocks on dips with Hindalco as the top pick. The restart is being weighed against demand-supply dynamics for the sector.
Nomura, Axis initiate coverage on eight Indian stocks
A host of domestic and global brokerages have initiated coverage on select Indian stocks across sectors such as aluminum, energy and internet. Analysts are bullish on major names such as Paytm, Vedanta Aluminum among others and forecast strong upside from current market levels. Here is a list of stocks on which brokerages initiated coverage.
Hyundai Motor to invest $15.5 billion in India by 2032
The plan was discussed during a meeting between Prime Minister Narendra Modi and Hyundai Motor Group executive chair Euisun Chung in New Delhi on Tuesday, the company said in a news release. The group's India businesses comprise automakers Hyundai Motor and Kia Motors, alongside multiple associate and affiliate operations. The planned investment underscores the country's status as a strategic core market for the group, supporting growth, expansion in emerging markets and automotive innovation.