News: Hindalco Industries Ltd (HALC.BO)

HALC.BO on Bombay Stock Exchange

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Fri, Jul 18 2014

Hindalco board approves up to $830 million fund-raising plan

MUMBAI - Metals producer Hindalco Industries Ltd said on Friday its board had approved a plan to raise up to 50 billion rupees ($829.5 million) by selling shares to institutions or through other options.

India's Hindalco board approves up to $830 mln fund-raising plan

MUMBAI, July 18 - Indian metals producer Hindalco Industries Ltd said on Friday its board had approved a plan to raise up to 50 billion rupees ($829.5 million) by selling shares to institutions or through other options.

BofA upgrades Hindalco to 'buy'

Reuters Market Eye - Shares in Hindalco Industries Ltd rise as much as 2.5 percent after Bank of America Merrill Lynch upgrades the stock to "buy" from "underperform" and raises its target price to 220 rupees from 96 rupees.

MARKET EYE-BofA upgrades India's Hindalco to 'buy'

* Shares in India's Hindalco Industries Ltd rise as much as 2.5 percent after Bank of America Merrill Lynch upgrades the stock to "buy" from "underperform" and raises its target price to 220 rupees from 96 rupees. * The investment bank cites positive outlook for aluminium prices, better margin at unit Novelis and balance sheet deleveraging as key reasons for the upgrade. * Hindalco shares up 1.1 percent at 0657 GMT. (abhishek.vishnoi@thomsonreuters.com / abhishek.vishnoi.thomsonreuters.com@

UPDATE 1-Indian shares end flat on foreign selling pressure

* Metals stocks gain; Hindalco up 4 pct (Updates with senior official's comments on tax avoidance rules, CPI data)

Indian shares end flat on foreign selling pressure

MUMBAI, July 14 - Indian shares remained under pressure on Monday, falling for a fifth consecutive session as foreign investors turned sellers, hitting blue-chips such as ICICI Bank and Hindustan Unilever.

Hindalco gains after Alcoa earnings beat

Reuters Market Eye - Shares of Hindalco Industries Ltd are trading sharply higher after U.S. rival Alcoa Inc reported better-than-expected earnings, several traders said.

MARKET EYE-India's Hindalco gains after Alcoa earnings beat

* Shares of India's Hindalco Industries Ltd are trading sharply higher after U.S. rival Alcoa Inc reported better-than-expected earnings, several traders said. * Alcoa also increased its 2014 growth estimate for the North America commercial transportation market. * Shares of Hindalco, India's leading aluminium producer, rose as much as 5.1 percent to 177.6 rupees. Its unit Novelis Inc directly competes with Alcoa in the North American markets. (indulal.p@thomsonreuters.com/indulal.p.tho

INDIA PRESS-Hindalco to mop up $500 mln in QIP-Economic Times

Note: Reuters has not verified this story and does not vouch for its accuracy. (Compiled by Aby Jose Koilparambil in Bangalore)

Sensex edges down after hitting record highs

MUMBAI - The BSE Sensex fell slightly on Thursday, retreating from record highs hit earlier in the session, as investors snapped a four-day rally by booking profits in recent outperformers such as Hindalco Industries.

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