Hindalco Industries Ltd News
India-UAE agreement
During May-March (2022-23), out of 110 MTs TRQ of gold allocated, only 8.1 MT was imported
 "India-UAE agreement")
Hindalco: Adjusting to the new environment; metal volumes may stagnate
Capex cut, focus on profitability, healthy balance sheet should help overcome medium-term hurdles
 "Hindalco: Adjusting to the new environment; metal volumes may stagnate")
Hindalco recalibrates capex to $4.5 bn from $8 bn, cites challenges
Hindalco's stock closed flat at Rs 403.35 apiece on the BSE on Wednesday
 "Hindalco recalibrates capex to $4.5 bn from $8 bn, cites challenges")
Motilal Oswal sees 17% upside potential for top-100 stocks by market-cap
Adani Ports, Hindalco among stocks with 100 per cent 'Buy' rating by analysts.
 "Motilal Oswal sees 17% upside potential for top-100 stocks by market-cap")
Hindalco likely to hike domestic capex in FY24 on robust demand
Company has spent Rs 2,700 crore in India in FY23, MD Satish Pai said; will be higher next year
 "Hindalco likely to hike domestic capex in FY24 on robust demand")
Hindalco Q3 results: Net profit falls 63% on input cost pressure
Novelis' total shipments of flat-rolled products were at 908 Kt (kilo tonnes) in the October-December period, declining 2 per cent from 930 Kt in the corresponding period a year ago
 "Hindalco Q3 results: Net profit falls 63% on input cost pressure")
Metals eye up to 15% gain amid China reopening, likely capex push in Budget
Over half of the stocks in Nifty Metal Index are trading with a bullish sentiment ahead of Budget 2023,
 "Metals eye up to 15% gain amid China reopening, likely capex push in Budget")
Metal index gains over 1% as China eases Covid-19 rules; Hindalco up 4%
The reopening of the Chinese economy could brighten the outlook for global growth and commodity demand
 "Metal index gains over 1% as China eases Covid-19 rules; Hindalco up 4%")
Tata Steel, Hindalco: Golden Cross breakout can trigger bull-run in metals
The Nifty Metal index seems to be eyeing a new historic peak at 6,900-level; Thus, select stocks from this space could rally up to 15 per cent on their respective breakouts.
Stocks to Watch: Hinduja Group, RIL, SBI, LIC, M&M, Hindalco, KRBL, NDTV
Stocks to Watch Today: Shares of Apollo Tyres, Bharat Forge, Grasim, Indiabulls Housing Finance, IRCTC , MMTC, MTNL, SpiceJet and Strides Pharma are likely to see some action owing to Q2 results.
 "Stocks to Watch: Hinduja Group, RIL, SBI, LIC, M&M, Hindalco, KRBL, NDTV")
Hindalco Q2 profit falls 36% on high energy costs, lower aluminium prices
Consolidated earnings before interest tax depreciation and amortisation (Ebitda) declined by 29 per cent YoY in Q2 to Rs 5,743 crore on higher input costs
Hindalco drops 5% as arm Novelis Q2 profit slides 23% YoY; Ebitda down 8%
As per reports, Novelis has also lowered its capital expenditure (capex) outlook for FY23 to a range of $900 million- $1 billion from the previously guided $1.3-1.6 billion
