Hindalco Industries Ltd (HALC.BO)
23 Apr 2018
Thu, Apr 19 2018
** India's metal index surges as much as 3.6 pct to highest since March 6
** Hindalco Industries Ltd rises as much as 4.9 pct at 209 rupees; top pct gainer in NSE index
** Indian metal stocks declined in early trade, with the Nifty metal index down as much as 3.3 pct to 3,432.30, lowest since Sept. 25, 2017
** Morgan Stanley cuts Hindalco Industries to 'equalweight' from 'overweight' and PT to 256 rupees from 292 rupees
India's top aluminium producer Hindalco Industries Ltd reported a 17.7 percent rise in quarterly profit on Friday, helped by higher metal prices.
Feb 2 India's top aluminium producer Hindalco Industries Ltd reported a 17.7 percent rise in quarterly profit on Friday, helped by higher metal prices.
* DEC QUARTER PROFIT 3.77 BILLION RUPEES VERSUS PROFIT OF 3.21 BILLION RUPEES LAST YEAR
-- Note: Reuters has not verified this story and does not vouch for its accuracy
Dec 28 Indian shares were little changed on Thursday ahead of expiry of derivatives contracts and on lingering concerns over government borrowing exceeding target, but metals stocks such as Vedanta Ltd rose tracking global commodity prices.
** Indian metal stocks Hindalco Industries and National Aluminium Co Ltd drop, tracking lower global commodity prices