Market News
Stay updated with the latest market trends, earnings, and economic indicators.
Vedanta Aluminium, Hindalco, NALCO shares fall up to 5% - Key factors behind fall explained
Hindalco, whose unit Novelis resumed operations at the Oswego Hot Mill recently after last year's fire, are also trading with losses of 3.6% on Tuesday. This is the fifth straight day of losses for the stock, which has now declined in nine out of the last 10 trading sessions.
Hindalco shares rise 2% on Novelis' upbeat commentary; US arm reports $84 million net loss
Hindalco shares gained 2% after US arm Novelis plans to reopen its Oswego hot mill sooner than anticipated, despite a higher projected cash flow hit from plant fires. The company foresees significant cost savings and aims for positive free cash flow by year-end. While sales rose, net loss widened, and debt levels climbed.
Momentum Stocks: Coffee Day, Shiva Texyarn, GP Petroleums rally up to 11% on sheer momentum
AIA Engineering, Usha Martin, HFCL, Granules India, Hindalco Industries, CG Power and Industrial Solutions, GE Vernova T&D India, Honasa Consumer, Hitachi Energy India, Adani Green Energy, Adani Energy Solutions, and Adani Ports and Special Economic Zone, among others hit 52-week high.