hindalco share price

hindalco shares: Hindalco shares surge 2% after company arm Novelis files 45 million shares in IPO

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hindalco shares: Hindalco shares surge 2% after company arm Novelis files 45 million shares in IPO

Shares of Hindalco jumped 2% on BSE in Wednesday’s trade to the day’s high of Rs 695 after the company’s arm Novelis filed to offer 45 million shares in the US initial public offering (IPO) with a price band of $18-21 per share. Novelis is owned by the Indian conglomerate Aditya Birla Group’s Hindalco and … Read more

Hindalco shares tank 14% on Novelis’ Bay Minette return guidance. Should you buy?

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Hindalco shares tank 14% on Novelis’ Bay Minette return guidance. Should you buy?

Shares of Hindalco Industries tanked 14% to the day’s low of Rs 501.10 on the NSE on Tuesday after its US-based subsidiary Novelis lowered its returns guidance for Bay Minette project to double digits from an earlier mid-teens. The company also announced an additional capex for the project which came as a shocker for the … Read more