News: Hindalco Industries Ltd (HALC.BO)

HALC.BO on Bombay Stock Exchange

182.05INR
22 Aug 2014
Price Change (% chg)

Rs4.20 (+2.36%)
Prev Close
Rs177.85
Open
Rs178.00
Day's High
Rs184.10
Day's Low
Rs178.00
Volume
1,259,152
Avg. Vol
1,201,977
52-wk High
Rs198.70
52-wk Low
Rs93.55

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Fri, Aug 8 2014

Indian shares mark second consecutive weekly fall on geopolitical concerns

* BSE index falls 1.02 pct; NSE ends 1.06 pct lower * NSE index closes below 50-DMA for the first time since Feb * Factory output, inflation data eyed * Hindalco falls; unit Novelis oper profit lags some estimates By Abhishek Vishnoi MUMBAI, Aug 8 - Indian shares fell 1 percent on Friday, to mark their third consecutive session of declines, as blue-chips such as Larsen & Toubro slumped on global risk aversion after U.S. President Barack Obama authorised targeted ai

Hindalco falls; unit Novelis oper profit lags some estimates

Reuters Market Eye - Shares of Hindalco Industries fall as much as 2.8 percent after its unit Novelis Inc's April-June operating profit lags some estimates, analysts say.

MARKET EYE -India's Hindalco falls; unit Novelis oper profit lags some estimates

* Shares of Hindalco Industries fall as much as 2.1 percent after its unit Novelis Inc's April-June operating profit lags some estimates, analysts say. * Novelis' Operating profit per tonne was down to $305 in Q1 versus $332 in Q4, Reuters calculations show. * However, Novelis' net profit more than doubled on yearly basis on higher beverage can sales. (abhishek.vishnoi@thomsonreuters.com / abhishek.vishnoi.thomsonreuters.com@reuters.net)

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.

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