HINDALCO
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Hindalco to pay up to ₹225 crore brand fee
Hindalco is set to pay a significant annual brand fee of up to ₹225 crore to Aditya Birla under new governance rules, while also reporting record Q1 profits due to soaring aluminium prices.
Doximity's shares spike 100%
Doximity’s stock surged over 100% after a positive report on its AI search capabilities, though Hindalco also reported strong Q1 profits from metal prices.
Ardee IPO subscribes 98x NII demand
The Ardee Industries Initial Public Offering (IPO) has seen a significant oversubscription, with demand nearly 98 times the issue size. The stock market is currently buzzing around this development.
Hindalco to invest $10 billion in growth
Hindalco Industries, an Aditya Birla Group company, will be investing $10 billion in organic growth, representing the most ambitious capital programme in the company’s history. The roadmap will enhance the company’s portfolio with new capacities, capabilities and products besides strengthening its ability to deepen customer partnerships, and ensure more meaningful contributions to the economies and communities where it operates.
Hindalco upgraded by Kotak
2 Min Read Shares of Hindalco Industries Ltd. will be in focus on Thursday, July 16, after brokerage firm Kotak Institutional Equities double upgraded the stock to 'Buy' from 'Reduce', citing improving earnings visibility and an attractive risk-reward following the recent correction. The brokerage marginally raised its price target to ₹1,120 per share from ₹1,100.
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