ResultsEconomic Times
Hindalco's value-add focus to drive growth and a stock re-rating
Positive+59
GreyOak summary
Hindalco reported record quarterly revenue and net profit driven by higher metal prices and improved Novelis performance. However, growth is expected to slow in the second half due to softer aluminium prices and higher input costs. The company plans significant investments in capacity expansion and value-added products, with a stock P/E of 11.2.
What it affects
- Hindalco IndustriesHINDALCOPositive +59
Rolling sentiment Positive +53
Source
Read the original at Economic TimesMore Hindalco Industries news
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