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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.
Hindalco In Focus: Brokerages Stay Split On Novelis' Q4 Loss And Strong FY27 Outlook
While the Oswego fires led to a sharp one-time loss, most brokerages believe the worst of the disruption is now behind the company.
Hindalco Share Price Live Updates: Hindalco's Volume Performance
Stocks to watch: Lenskart, BPCL, Hindalco among 10 shares in focus today; check list here
Stock market today: The Indian stock market is likely to continue its losing streak as trends in the Gift Nifty index signalled a negative opening on Wednesday. Amid this backdrop, these stocks will remain in focus on 20 May.
Sensex Today | Stock Market LIVE Updates: GIFT Nifty extends losses to nearly 200 points; Hindalco in focus
Sensex Today | Stock Market LIVE Updates: The Nifty faces a challenge to conquer the 50-DMA closer to the 23,800 mark, a level it failed to sustain above even on Tuesday. Rising bond yields globally are pressuring equity markets, particularly in the US. The Nifty will likely see support at the 23,500 mark
Hindalco shares will react to Novelis' optimistic commentary but concerns remain
Novelis is expecting capital expenditure for the financial year 2027 to be in the $2.1 billion to $2.4 billion range, including $350 million for maintenance capex.
Stocks in news: Lenskart, Apollo Hospitals, ZEE, BPCL, Hindalco
Indian markets navigated a sideways trend, with analysts urging caution until the 24,000 mark is reclaimed. Key stocks like Lenskart, Apollo Hospitals, ZEE, BPCL, and Hindalco are in focus due to Q4 results and news. BEL reported a profit rise, while ZEE saw a net loss. Maruti Suzuki expanded production capacity.
Stocks to Watch Today: Hindalco, AB Capital, ASK Automotive, Dredging Corp, PTC India, Mankind Pharma,... - Moneycontrol.com
Stocks to Watch Today: Hindalco, AB Capital, ASK Automotive, Dredging Corp, PTC India, Mankind Pharma,...Moneycontrol.com
Hindalco arm Novelis reports Q4 loss as Oswego fires hit shipments, profitability
Hindalco Industries’ subsidiary Novelis reported a fourth-quarter loss after fires at its Oswego plant in the US disrupted production, hurt shipments and weighed on profitability despite resilient underlying demand.
India's top copper producers like Adani, Vedanta and Hindalco oppose inclusion of scrap-based rods in standards
In a major dispute, leading copper producers like Adani and Vedanta are opposing the inclusion of copper wire from secondary refiners in government quality standards, based on the argument that products made from scrap pose safety risks due to inconsistent purity. This standoff impacts a significant portion of copper wire production and trade in India.
Q4 Results This Week: IOC, BPCL, ITC, Lenskart among 150 others report earnings as season winds down
As many as 150 companies, including Ola Electric, Indian Oil Corporation, Lenskart, LG Electronics India, Nykaa, along with Nifty 50 names such as Hindalco, ITC, BEL, among others will be reporting their fourth quarter results this week as the earnings season enters its final stages for this period. Here's a look at the complete list:
