Hindalco Industries Ltd (HINDALCO)

Hindalco's Novelis Notifies Force Majeure Event - 24 Jul, 2024

Novelis, a subsidiary of Hindalco Industries and supplier to a joint venture co-owned by Porsche, has notified automotive customers of a force majeure event due to the closure of its aluminium plant in Switzerland caused by flooding.

Hindalco Loses Ground as Duty Cut Brings Hope - 23 Jul, 2024

Hindalco Industries is among the major losers in the stock market, while the latest duty cut on basic customs duty for copper concentrates in the Union Budget 2024 is expected to benefit the company.

Hindalco Industries Expands into EV Industry and Increases Dividend Payment - 22 Jul, 2024

Hindalco Industries plans to strengthen its aluminium downstream businesses by becoming a direct supplier to automakers in the growing electric vehicle industry. The company has also announced an increased dividend payment of ₹3.50, with EPS forecasted to expand by 45% over the next year.

Hindalco Industries Expected to Report Strong Q1 Results - 16 Jul, 2024

Prabhudas Lilladher expects Hindalco Industries to report a net profit of Rs. 4,280 crore, up 72.8% YoY and 34.8% QoQ, with net sales expected to increase by 11.6% YoY and 5.6% QoQ to Rs. 59,140 crore. EBITDA is likely to rise by 42.1% YoY and 21.6% QoQ to Rs. 8,120 crore.

Hindalco Sells Land Lot to Birla Estates - 15 Jul, 2024

Hindalco Industries has announced the sale of a land lot situated in Kalwa, Maharashtra, to its group company Birla Estates for Rs 595 crore. The transaction is expected to be completed within three months and will be received in multiple tranches over time.

Hindalco's Capex Plans Boost Target Price - 11 Jul, 2024

Hindalco Industries is set to undertake a capex of USD6.9 billion to expand its product capacities over the next few years. Analysts at Motilal Oswal have raised their target price for the stock by 15%, citing the company's focus on becoming a metal-solution provider. The upcoming facility at Bay Minette is expected to cater to growing demand for beverage cans and auto-grade aluminum sheets in North America.

Hindalco's Q1FY25 Net Profit Expected to Rise Sharply - 09 Jul, 2024

Hindalco Industries is expected to see strong earnings growth in Q1FY25, with its net profit estimated to increase by 42.4% YoY to ₹3,500 crore. The Nifty Metal index has seen significant drops after recent Indian elections.

Hindalco Industries Ltd Rises 1.79% on BSE Metal Index - 04 Jul, 2024

Hindalco Industries Ltd rose 1.79% to trade at Rs 703.7, outperforming the BSE Metal index's 0.89% gain. The stock has added 8.79% over last one month compared to 11.04% gain in BSE Metal index and 11.25% rise in SENSEX.

Hindalco Industries' Stock Up by 20% in Three Months - 03 Jul, 2024

Hindalco Industries has seen a significant 20% increase in its stock over the last three months. However, industry analysts predict that earnings growth may slow down due to low ROE rates.

Prabhudas Lilladher Gives Buy Call on Hindalco Industries - 27 Jun, 2024

Hindalco Industries reported a consolidated total income of Rs 56,356 crore for Q4-2024, up 6.16% from the previous quarter and 26% YoY. The company's net profit after tax was Rs 3,175 crore. Promoters held 34.64%, FIIs owned 26.82%, and DIIs owned 25.43% stake in the company as of March 31, 2024.

Geojit Recommends Buy on Hindalco Industries - 25 Jun, 2024

Hindalco Industries reported a consolidated total income of Rs 56,356 crore for Q4-2024, up 6.16% from the previous quarter and 26% YoY. The company's net profit after tax was Rs 3,175 crore. Promoters held 34.64%, FIIs owned 26.82%, and DIIs owned 25.43% stake in the company as of March 31, 2024. Geojit has recommended a buy call with a target price of Rs 791.