Hindalco Industries Ltd (HALC.BO)
16 Jul 2018
Mon, Jul 16 2018
** Indian metal companies are expected to report strong earnings in June quarter, as steel firms will benefit from the recent price hikes - Jefferies
** Shares of Indian copper, zinc, and aluminium companies down as much as between 2.9 pct and 4.3 pct
Aluminium producer Hindalco Industries Ltd posted a 25 percent fall in its fourth-quarter profit, widely missing street estimate.
May 16 Aluminium producer Hindalco Industries Ltd posted a 25 percent fall in its fourth-quarter profit, widely missing street estimate.
** Shares of Hindalco Industries Ltd jump as much as 4 pct to 248.35 rupees, their highest since April 23
** Metal stocks tumble, with the NSE Metal index dropping as much as 3.3 pct, its biggest intraday pct loss since March 23
** 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