The stock has been consolidating in a range from last 13 weeks and has managed to hold the support base above Rs 1,700-1,730 zones. It has given a price volume breakout above Rs 1,800 zones by forming a small triangle on daily chart.
The shares of metal and mining firms Vedanta and Hindalco Industries came under selling pressure on Monday following the BSE's announcement last week that the stocks would no longer be part of the 30-share Sensex from December 21.On Monday, Hindalco
ZEE ENTERTAINMENT : BUYTarget: Rs 404Stop Loss: Rs 378The stock has negated its negative formation of last three weeks and turned higher by taking support near to Rs 375 zones which is working well from last two months.
Hindalco’s standalone performance for the September quarter was impacted by a fall in the price of aluminium, a business which accounted for 40 per cent of revenues and nearly half of profits in FY15. Aluminium prices were down 20 per cent
Hindalco Industries reported a net profit of Rs 103.27 crore in the September quarter, up 31% from same period last year on the back of increased revenues and higher other income even as total expenses and finance cost mounted.
Hindalco Industries Ltd, the flagship company of Aditya Birla Group, today posted a 31.10% jump in standalone net profit at Rs 103.27 crore for the quarter ended September 30, on the back of higher sales.
CARE Ratings has revised its grade for Hindalco Industries' non-convertible debentures from 'AA+' to 'AA' on continued moderation in profitability and debt protection parameters. The debt amount involved is Rs 6,000 crore.
Hindalco Industries will see its domestic aluminium business go through testing times in the short term, as the recent ramp-up of projects will impact its performance in the coming months, chairman Kumar Mangalam Birla told shareholders at the
Waking up to acute raw material crisis faced by Vedanta to run its Lanjigarh alumina refinery, the state government has decided to push aluminium producers like National Aluminium Company (Nalco) and Aditya Birla Group promoted Hindalco Industries to make
Though about seven months are left for mandatory implementation for select companies, the fact that five months have already passed for preparation of comparative financial statements for the previous year, not only under existing accounting standards but
Mining And metal stocks witnessed selling pressure tracking a sell-off in global commodities on worries that the sluggish economic growth in China, the world's largest consumer of metals, would lead to lower export demand going forward.
The government today said the demand by primary producers to raise import duty is a "tricky" case as the move will help the bigger players -- Hindalco, Balco, Nalco and Vedanta -- but may hurt smaller firms that import scrap.
Aditya Birla Group's metal giant Hindalco Industries' shares have fallen 42 per cent since January, making shareholders nervous. Thanks to the global fall in commodity prices, Hindalco and subsidiary Novelis lost money in the June quarter.