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Hindalco Industries gains on entering into Power Purchase agreement with Ayana Renewable Power Hindalco Industries is currently trading at Rs. 487.70, up by 1.10 points or 0.23% from its previous closing of Rs. 486.60 on the BSE. The scrip opened at Rs. 486.55 and has touched a high and low of Rs. 489.35 and Rs. 478.00 respectively. So far 105827 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 504.00 on 18-Jan-2023 and a 52 week low of Rs. 358.80 on 28-Sep-2022. Last one week high and low of the scrip sto...
Hindalco Industries gains on entering into Power Purchase agreement with Ayana Renewable Power
Hindalco Industries gains on entering into Power Purchase agreement with Ayana Renewable Power
Source: Accord Fintech
5/09/2023 3:18:12 PM
Hindalco surges on planning to invest Rs 4,000 crore in extrusion, copper & e-waste recycling facilities Hindalco Industries is currently trading at Rs. 463.40, up by 13.20 points or 2.93% from its previous closing of Rs. 450.20 on the BSE. The scrip opened at Rs. 455.00 and has touched a high and low of Rs. 465.30 and Rs. 453.05 respectively. So far 147211 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 504.00 on 18-Jan-2023 and a 52 week low of Rs. 358.80 on 28-Sep-2022. Last one week high and low of the scrip st...
Hindalco surges on planning to invest Rs 4,000 crore in extrusion, copper & e-waste recycling facilities
Hindalco surges on planning to invest Rs 4,000 crore in extrusion, copper & e-waste recycling facilities
Source: Accord Fintech
23/08/2023 12:00:52 PM
Stock of the day : Buy Hindalco Industries Ltd For Target Rs. 478 - Religare Broking Ltd Hindalco Industries Ltd  * The stock has been gradually inching higher from last 5 month, forming series of higher highs and lows. * It has rebound higher from its medium term moving averages .i.e. 50 DEMA * Registered a breakout from small base with noticeable volumes and looks set to reclaim its previous swing high. * We thus advise creating fresh longs in the mentioned zone. Buy Hindalco Industries Ltd CMP 449.40; Range 447-451; SL 436; Target 478   ...
Stock of the day : Buy Hindalco Industries Ltd For Target Rs. 478 - Religare Broking Ltd
Stock of the day : Buy Hindalco Industries Ltd For Target Rs. 478 - Religare Broking Ltd
Source: Religare Broking Ltd
22/08/2023 11:06:25 AM
Buy Hindalco Ltd For Target Rs.550 - Motilal Oswal Financial Services Ltd Performance exceeds our estimates; outlook positive * Hindalco (HNDL)’s 1QFY24 consolidated revenue was down 9% YoY to INR530b, 12% above our estimate of INR475b. * Consolidated EBITDA declined 32% YoY to INR57b, 10% above our estimate of INR52b. The beat was led by better price/mix improvement, better downstream aluminum performance, lower input costs, lower energy costs and other expenses during the quarter. * HNDL’s finance cost rose 16% YoY to INR10b, while depreciati...
Buy Hindalco Ltd For Target Rs.550 - Motilal Oswal Financial Services Ltd
Buy Hindalco Ltd For Target Rs.550 - Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services
21/08/2023 12:53:09 PM
Buy Hindalco Industries Ltd For Target Rs.550 - JM Financial Institutional Securities Novelis to witness margin recovery; India business stable Hindalco reported 1Q consol. adj. EBITDA of INR57.3bn, higher than JMfe of INR49.5bn. India aluminium business (incl. Utkal) delivered an EBITDA of INR20.8bn down 9.6% QoQ driven by lower realisation. Net debt increased sequentially to INR385bn (vs INR340bn in 4Q) primarily due to higher working capital requirements. Key takeaways from the call are a) CoP India aluminium to decline by 3% QoQ during 2QFY24 b) 11% of FY24 aluminium vo...
Buy Hindalco Industries Ltd For Target Rs.550 - JM Financial Institutional Securities
Buy Hindalco Industries Ltd For Target Rs.550 - JM Financial Institutional Securities
Source: JM Financial Institutional Securities
14/08/2023 3:18:21 PM
Buy Hindalco Industries Ltd For Target Rs.540 - JM Financial Institutional Securities With destocking in rear-view, shipments and margins to surge Novelis reported 1Q adj. EBITDA of USD421mn, in line with JMfe. Adj. EBITDA came in higher sequentially due to higher pricing and favourable mix despite lower shipments. The company achieved an EBITDA/t of USD479 during 1QFY24 vs US$431 in 4QFY23. Key takeaways from the call are – 1) beverage can segment de-stocking is nearly complete with volumes expected to improve going forward 2) EBITDA/t over the coming quarters expect...
Buy Hindalco Industries Ltd For Target Rs.540 - JM Financial Institutional Securities
Buy Hindalco Industries Ltd For Target Rs.540 - JM Financial Institutional Securities
Source: JM Financial Institutional Securities
13/08/2023 12:32:45 PM
India`s Hindalco posts 40% slump in Q1 profit on weaker volumes, metal prices India's Hindalco Industries, one of the country's largest aluminium and copper producers, reported a 40% fall in first-quarter profit on Tuesday as softer volumes and weak metal prices weighed. The company's consolidated net profit fell to 24.54 billion rupees ($296.4 million) in the quarter ended June 30 from 41.19 billion rupees a year earlier. With consumers largely cutting discretionary spending amid elevated global inflation, canned beverage shipments were curbed leadin...
India`s Hindalco posts 40% slump in Q1 profit on weaker volumes, metal prices
India`s Hindalco posts 40% slump in Q1 profit on weaker volumes, metal prices
Source: Reuters
8/08/2023 3:33:49 PM
Stock of the day : Buy Hindalco Industries Ltd For Target Rs. 498 - Religare Broking Ltd Hindalco Industries Ltd * Hindalco has been trading in a corrective phase, after making a Swing high at 504 in Jan, 2023. * The stock has registered a decisive breakout from a triangle price pattern which continued for more than 5 months. * Set to cross the previous swing high. Uptick in volumes is adding to confirmation. * We thus recommend creating fresh longs in the mentioned zone. Buy Hindalco Industries Ltd  CMP 464.15; Range 462-465; SL 446; Target 498 ...
Stock of the day : Buy Hindalco Industries Ltd For Target Rs. 498 - Religare Broking Ltd
Stock of the day : Buy Hindalco Industries Ltd For Target Rs. 498 - Religare Broking Ltd
Source: Religare Broking Ltd
8/08/2023 10:29:28 AM
India's Hindalco, NLC among those to operate six coal mines India's NLC India Ltd and Hindalco Industries Ltd are among the companies that will be operating six coal mines that were put up for auction earlier this year, the government said on Friday. The government has been looking to private players to boost coal production in the country as power demand surges. This is the seventh round of auctioning of mines for commercial mining - a total of 92 mines have been auctioned so far, which are projected to generate an annual revenue of approxi...
India's Hindalco, NLC among those to operate six coal mines
India's Hindalco, NLC among those to operate six coal mines
Source: Reuters
4/08/2023 6:32:40 PM
Buy Hindalco Industries Ltd For Target Rs.540 - JM Financial Institutional Securities With destocking in rear-view, shipments and margins to surge Novelis reported 1Q adj. EBITDA of USD421mn, in line with JMfe. Adj. EBITDA came in higher sequentially due to higher pricing and favourable mix despite lower shipments. The company achieved an EBITDA/t of USD479 during 1QFY24 vs US$431 in 4QFY23. Key takeaways from the call are – 1) beverage can segment de-stocking is nearly complete with volumes expected to improve going forward 2) EBITDA/t over the coming quarters expect...
Buy Hindalco Industries Ltd For Target Rs.540 - JM Financial Institutional Securities
Buy Hindalco Industries Ltd For Target Rs.540 - JM Financial Institutional Securities
Source: JM Financial Institutional Securities Ltd
4/08/2023 2:28:19 PM
Buy Hindalco Ltd For Target Rs. 550 - Motilal Oswal Financial Services Ltd * Novelis (HNDL)’s 1QFY24 revenue was down 20% YoY to USD4.1b. However, revenue was 10% above our estimate of USD3.7b due to improved product mix, higher product pricing and improved automotive shipments, partially offset by lower beverage can shipments and lower LME. * Adjusted EBITDA was down 25% YoY at USD421m (in line with our estimate of USD410m) while EBITDA/t stood at USD479 (USD34/t above our estimate of USD445/t). The improvement in EBITDA/t was due to higher price/mix impro...
Buy Hindalco Ltd For Target Rs. 550 - Motilal Oswal Financial Services Ltd
Buy Hindalco Ltd For Target Rs. 550 - Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
4/08/2023 11:09:21 AM
Stock Picks : Cipla Ltd and Hindalco Industries Ltd By ICICI Direct Cipla Ltd Buy Cipla Ltd @1177-1179; Target 1194.00; Stop Loss 1170.60   Hindalco Industries Ltd Buy Hindalco Industries Ltd @451-452; Target 458.00; Stop Loss 448.40     To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631   Above views are of the author and not ...
Stock Picks : Cipla Ltd and Hindalco Industries Ltd By ICICI Direct
Stock Picks : Cipla Ltd and Hindalco Industries Ltd By ICICI Direct
Source: ICICI Direct
31/07/2023 11:04:57 AM
Stock of the day : Buy Hindalco Ltd For Target Rs. 455 - Religare Broking HINDALCO LTD * We are seeing gradual recovery in the metal space but participation is still restricted. * Hindalco has been trading around the lower band of the rising channel on the weekly chart. Expect gradual recovery. * It has witnessed a rebound and reclaimed the all the major averages on the daily chart. * We thus recommend creating fresh longs in the mentioned zone. Buy Hindalco Ltd CMP 435.20; Range 434-436; SL 424; Target 455     To Rea...
Stock of the day : Buy Hindalco Ltd For Target Rs. 455 - Religare Broking
Stock of the day : Buy Hindalco Ltd For Target Rs. 455 - Religare Broking
Source: Religare Broking Ltd
14/07/2023 10:33:19 AM
Stock Picks : Tech Mahindra Ltd and Hindalco Ltd By ICICI Direct Tech Mahindra Ltd  Buy Tech Mahindra Ltd @1175-1177; Target 1192.00; Stop Loss 1167.80   Hindalco Ltd  Buy Hindalco Ltd @435-436; Target 442.00; Stop Loss 432.70   To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631   Ab...
Stock Picks : Tech Mahindra Ltd and Hindalco Ltd By ICICI Direct
Stock Picks : Tech Mahindra Ltd and Hindalco Ltd By ICICI Direct
Source: ICICI Direct
14/07/2023 10:10:37 AM
Century Textiles & Industries moves up as its arm to acquire land parcel in Thane Century Textiles & Industries is currently trading at Rs. 896.30, up by 8.60 points or 0.97% from its previous closing of Rs. 887.70 on the BSE. The scrip opened at Rs. 895.05 and has touched a high and low of Rs. 902.55 and Rs. 893.40 respectively. So far 3894 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 950.80 on 07-Jul-2023 and a 52 week low of Rs. 588.80 on 27-Feb-2023. Last one week high and low of ...
Century Textiles & Industries moves up as its arm to acquire land parcel in Thane
Century Textiles & Industries moves up as its arm to acquire land parcel in Thane
Source: Accord Fintech
13/07/2023 11:52:19 AM
Stock Picks : Hindalco Ltd and DLF Ltd By ICICI Direct Hindalco (HINDAL) Ltd Buy Hindalco Ltd @420.50-421.50 CMP 421.40; Target 426.80; Stop Loss 417.80   DLF (DLFLIM) Ltd Buy DLF Ltd @502-503 CMP 503.60; Target 509.80; Stop Loss 497.80   To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631   ...
Stock Picks : Hindalco Ltd and DLF Ltd By ICICI Direct
Stock Picks : Hindalco Ltd and DLF Ltd By ICICI Direct
Source: ICICI Direct
14/06/2023 10:44:22 AM
Buy Hindalco Industries Ltd For Target Rs.535 - JM Financial Institutional Securities Novelis margin headwinds transitory; India CoP to trend down; BUY   Hindalco reported 4Q consol. adj. EBITDA of INR54.2bn, broadly in-line with JMfe of INR50.0bn. India aluminium business (incl. Utkal) delivered an EBITDA of INR23.0bn up 32% QoQ driven by higher realisation / lower coal cost. Net debt decreased significantly during the quarter to INR340bn (vs INR417bn in 3Q) primarily due to working capital release. Key takeaways from the call are a) CoP India aluminium to remain f...
Buy Hindalco Industries Ltd For Target Rs.535 - JM Financial Institutional Securities
Buy Hindalco Industries Ltd For Target Rs.535 - JM Financial Institutional Securities
Source: JM Financial Institutional Securities
13/06/2023 2:42:25 PM
Hold Hindalco Industries For Target Rs.425 - ICICI Securities Adverse macros impinge the upside   Hindalco Industries’ (HNDL) Q4FY23 EBITDA at Rs53.3bn (down 27% YoY; up 50% QoQ) was 7% ahead of consensus estimates. Key takeaways: 1) Adverse macros and higher input prices impacted performance; 2) best-ever (Cu) EBITDA due to record continuous cast (CC) rod sales and favourable TC/RC charges; 3) downstream aluminium (Al) EBITDA/te declined further owing to weakness in consumer segment; 4) net debt/EBITDA was down to 1.39x with India busi...
Hold Hindalco Industries For Target Rs.425 - ICICI Securities
Hold Hindalco Industries For Target Rs.425 - ICICI Securities
Source: ICICI Securities Ltd
7/06/2023 3:05:45 PM
Buy Hindalco Ltd For Target Rs.510 - Motilal Oswal Financial Services Ltd * Consolidated revenue was flat YoY at INR559b and was in line with our estimate of INR535b. * Consolidated EBITDA was down 27% YoY at INR53b and was 13% below our estimate of INR61b due to higher input costs, an unfavorable macroeconomic scenario and high employee costs, partially offset by lower power expenses. * The finance cost was up 23% YoY at INR10b, while depreciation came in at INR19b (YoY +5%). APAT was down 42% at INR24b and was in line with our estimate of INR23b. A lower-th...
Buy Hindalco Ltd For Target Rs.510 - Motilal Oswal Financial Services Ltd
Buy Hindalco Ltd For Target Rs.510 - Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
26/05/2023 11:46:39 AM
Buy Hindalco Ltd For Target Rs.510 - Motilal Oswal Financial Services * Consolidated revenue was flat YoY at INR559b and was in line with our estimate of INR535b. * Consolidated EBITDA was down 27% YoY at INR53b and was 13% below our estimate of INR61b due to higher input costs, an unfavorable macroeconomic scenario and high employee costs, partially offset by lower power expenses. * The finance cost was up 23% YoY at INR10b, while depreciation came in at INR19b (YoY +5%). APAT was down 42% at INR24b and was in line with our estimate of INR23b. A lower-th...
Buy Hindalco Ltd For Target Rs.510 - Motilal Oswal Financial Services
Buy Hindalco Ltd For Target Rs.510 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
25/05/2023 12:13:55 PM
Buy Hindalco Ltd For Target Rs.510 - Motilal Oswal Financial Services We attended Hindalco’s Investor day held on 04 April 2023. Below are the key highlights from the meeting: * The beverage can segment witnessed destocking in 3QFY23, adversely impacting its EBITDA. The destocking was a result of consumption pattern changes post pandemic and supply chain bottlenecks. The segment will take few quarters to return to normalcy. The beverage can industry is expected to witness a CAGR of 3-4% in the long term. HNDL also expects robust demand from the automob...
Buy Hindalco Ltd For Target Rs.510 - Motilal Oswal Financial Services
Buy Hindalco Ltd For Target Rs.510 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services
5/04/2023 2:04:33 PM
Buy Hindalco Industries Ltd For Target Rs.530 - JM Financial Institutional Securities Well placed despite near term uncertainty Aluminium price is averaging ~5% higher QoQ 4QFYTD on hopes of improved demand from China amidst easing Covid norms. European aluminium demand has remained relatively muted in CY23 with demand expected to decline YoY in 1QCY23 (source: Norsk Hydro result release). European smelter capacities have seen significant curtailment over CY22 on the back of spike in gas prices. Despite decline in gas prices, companies like Norsk Hydro (source: Norsk Hydro ...
Buy Hindalco Industries Ltd For Target Rs.530 - JM Financial Institutional Securities
Buy Hindalco Industries Ltd For Target Rs.530 - JM Financial Institutional Securities
Source: JM Financial Institutional Securities Ltd
10/03/2023 4:06:10 PM
Hindalco Industries gains on raising Rs 700 crore via NCDs Hindalco Industries is currently trading at Rs. 497.10, up by 9.15 points or 1.88% from its previous closing of Rs. 487.95 on the BSE. The scrip opened at Rs. 487.95 and has touched a high and low of Rs. 499.50 and Rs. 487.95 respectively. So far 209534 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 636.00 on 29-Mar-2022 and a 52 week low of Rs. 309.00 on 20-Jun-2022. Last one week high and low of the scrip sto...
Hindalco Industries gains on raising Rs 700 crore via NCDs
Hindalco Industries gains on raising Rs 700 crore via NCDs
Source: Accord Fintech
18/01/2023 12:12:05 PM
Stock Picks :Maruti Suzuki Ltd And Hindalco Industries Ltd By ICICI Direct Maruti Suzuki Ltd Buy Maruti Suzuki Ltd @ 8354-8362 CMP 8369.20 Stop Loss 8304.00 Target 8438.00   Hindalco Industries Ltd Buy Hindalco Industries Ltd @ 483-485 CMP 485.65 Stop Loss 479.90 Target 490.70   To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ0001...
Stock Picks :Maruti Suzuki Ltd And Hindalco Industries Ltd By ICICI Direct
Stock Picks :Maruti Suzuki Ltd And Hindalco Industries Ltd By ICICI Direct
Source: ICICI Direct
13/01/2023 11:27:31 AM
Buy Hindalco Industries Ltd For Target Rs : 530 - JM Financial Institutional Securities Aluminium prices have rallied 7% from recent lows on hopes of improved demand from China amidst easing Covid norms. Increased smelter curtailments across Europe on account of the energy crisis and multi-year low LME inventory at ~481 KT will likely support Aluminium prices going forward. Aluminium market (ex-China) is expected to remain in deficit (Norsk forecast) during 2023 fuelled by smelter curtailments despite expectations of recession led demand headwinds while China is expected to m...
Buy Hindalco Industries Ltd For Target Rs : 530 - JM Financial Institutional Securities
Buy Hindalco Industries Ltd For Target Rs : 530 - JM Financial Institutional Securities
Source: JM Financial Institutional Securities
30/12/2022 12:35:13 PM
Stock of the day: Buy Hindalco Industries Ltd For Target Rs.495 By Religare Broking * Metal pack has been performing well amid volatility and Hindalco is also holding strong. * After the dip to the support zone of major moving averages, it has rebounded strongly with a noticeable surge in volumes. * The chart pattern indicates the prevailing up move to continue. * We thus suggest creating fresh longs as per the levels. BUY Hindalco Industries Ltd CMP (Rs):471  Range:465-468  SL:452  Target:495 Technical Chart :   &n...
Stock of the day: Buy Hindalco Industries Ltd For Target Rs.495 By Religare Broking
Stock of the day: Buy Hindalco Industries Ltd For Target Rs.495 By Religare Broking
Source: Religare Broking Ltd
28/12/2022 11:06:40 AM
Buy Hindalco Industries Ltd For Target Rs.530 - JM Financial Institutional Securities Beyond the recent volatility – secular uptrend intact Aluminium prices have rallied ~7% from recent lows on hopes of improved demand from China amidst easing Covid norms. Increased smelter curtailments across Europe on account of the energy crisis and multi-year low LME inventory at ~481 KT will likely support Aluminium prices going forward. Aluminium market (ex-China) is expected to remain in deficit (Norsk forecast) during 2023 fuelled by smelter curtailments despite expectations o...
Buy Hindalco Industries Ltd For Target Rs.530 - JM Financial Institutional Securities
Buy Hindalco Industries Ltd For Target Rs.530 - JM Financial Institutional Securities
Source: JM Financial Institutional Securities Ltd
25/12/2022 2:38:21 PM
Buy Hindalco Industries Ltd For Target Rs.525 - JM Financial Institutional Securities Near term margin headwinds a dampener; long term story intact Novelis reported 2Q adj. EBITDA of USD506mn, higher than JMfe of USD483mn. Adj. EBITDA came lower sequentially on account of geopolitical instability, inflation, global supply chain disruptions, as well as unfavourable foreign exchange translation. The company achieved adj. EBITDA/t of USD514 during 2QFY23 despite challenging circumstances. Key takeaways from the call are – 1) Long term contracted rates for ~50% of greenfi...
Buy Hindalco Industries Ltd For Target Rs.525 - JM Financial Institutional Securities
Buy Hindalco Industries Ltd For Target Rs.525 - JM Financial Institutional Securities
Source: JM Financial Institutional Securities Ltd
6/12/2022 10:21:06 AM
Buy Hindalco Industries Ltd For Target Rs.520 - Motilal Oswal Financial Services Results in line; coal costs to moderate marginally * Hindalco reported yet another in-line but weak set of results, largely attributed to lower LME aluminum price (-11% YoY/-18% QoQ); costs also continued to rise resulting in a 36% QoQ decline in consolidated EBITDA in 2QFY23.  * Consolidated net sales stood at INR562b (+18% YoY/-3% QoQ), 12% beat to our est. of INR501b. Higher YoY sales were driven by strong performance from Asia operations of Novelis and higher copper ASP * Co...
Buy Hindalco Industries Ltd For Target Rs.520 - Motilal Oswal Financial Services
Buy Hindalco Industries Ltd For Target Rs.520 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services
25/11/2022 2:48:28 PM
Buy Hindalco Industries Ltd For Target Rs.510 - Motilal Oswal Financial Services Result in line, guidance lowered for a quarter Inflation impacts margin adversely * Novelis reported a strong beat on topline in 2QFY23 but EBITDA was in line with our estimate. Strong performance by Asia division strengthened margin. * Revenue/EBITDA/APAT came in at USD4,799m/USD502m/ USD238m, down 5.7%/10.5%/14.7% QoQ, respectively. Topline was a sharp 18% above our estimate while EBITDA and APAT were in line with our estimates in 2QFY23. * Shipments during the quarter stood at ...
Buy Hindalco Industries Ltd For Target Rs.510 - Motilal Oswal Financial Services
Buy Hindalco Industries Ltd For Target Rs.510 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
19/11/2022 11:10:38 AM
Buy Hindalco Industries For Target Rs.515 - ICICI Securities Transient headwinds; macro picture intact Novelis’ Q2FY23 EBITDA (adj.) of US$506mn (down 8% YoY) was impacted by cost headwinds, despite growth in shipments. Key takeaways: 1) Double-digit growth in aerospace/automotive shipments while beverage can growth was impacted by destocking; 2) positive impact of favourable product mix was nearly offset by higher cost; 3) FY23 capex guidance trimmed in line with expected cashflow; 4) all announced capex projects are on track with ground brea...
Buy Hindalco Industries For Target Rs.515 - ICICI Securities
Buy Hindalco Industries For Target Rs.515 - ICICI Securities
Source: ICICI Securities
16/11/2022 12:57:53 PM
Buy Hindalco Industries Ltd For Target Rs.515 - JM Financial Institutional Securities Near term margin headwinds a dampener; long term story intact Novelis reported 2Q adj. EBITDA of USD506mn, higher than JMfe of USD483mn. Adj. EBITDA came lower sequentially on account of geopolitical instability, inflation, global supply chain disruptions, as well as unfavourable foreign exchange translation. The company achieved adj. EBITDA/t of USD514 during 2QFY23 despite challenging circumstances. Key takeaways from the call are – 1) Long term contracted rates for ~50% of greenfi...
Buy Hindalco Industries Ltd For Target Rs.515 - JM Financial Institutional Securities
Buy Hindalco Industries Ltd For Target Rs.515 - JM Financial Institutional Securities
Source: JM Financial Institutional Securities Ltd
11/11/2022 2:30:21 PM
Stock Picks - Hindalco Ltd and Tata Communications Ltd By ICICI Direct Hindalco Ltd Buy Hindalco Ltd @ 399-401 CMP 394.05 Stop Loss 395.90 Target 403.8/407.90   Tata Communications Ltd Buy Tata Communications Ltd @ 1196-1199 CMP 1189.70 Stop Loss 1185.70 Target 1208.60/1219.80   To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631   Above v...
Stock Picks - Hindalco Ltd and Tata Communications Ltd By ICICI Direct
Stock Picks - Hindalco Ltd and Tata Communications Ltd By ICICI Direct
Source: ICICI Direct
6/10/2022 1:03:36 PM
Buy Hindalco Industries Ltd For Target Rs.500 - ICICI Direct Indian aluminium business CoP likely to fall in Q3FY23 About the stock: Hindalco is the world’s largest aluminium company by revenues and a major player in copper. * Over the years, Hindalco has transformed its business model to reduce dependence on volatile LME price movement and is focusing on a stable portfolio of value added produces * Novelis has leveraged its extensive recycling footprint and favourable market conditions to increase its recycled content to 61% in FY21 ...
Buy Hindalco Industries Ltd For Target Rs.500 - ICICI Direct
Buy Hindalco Industries Ltd For Target Rs.500 - ICICI Direct
Source: ICICI Direct Ltd
5/10/2022 11:48:23 AM
Hindalco Industries rises on the bourses Hindalco Industries is currently trading at Rs. 433.00, up by 4.20 points or 0.98% from its previous closing of Rs. 428.80 on the BSE. The scrip opened at Rs. 431.90 and has touched a high and low of Rs. 436.80 and Rs. 430.00 respectively. So far 107955 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 636.00 on 29-Mar-2022 and a 52 week low of Rs. 309.00 on 20-Jun-2022. Last one week high and low of the scrip sto...
Hindalco Industries rises on the bourses
Hindalco Industries rises on the bourses
Source: Accord Fintech
25/08/2022 5:31:17 PM
Buy Hindalco Industries Ltd For Target Rs.523 - Centrum Broking Ltd Hindalco (including Utkal Alumina) reported better than expected adjusted EBITDA of Rs36.1bn (CentrumE: Rs30.3bn), down 11% QoQ. The beat was on account of benefits of lower cost aluminium inventory and higher profitability in copper segment. Though Management informed that aluminium CoP/t increased by 17% QoQ but derived aluminium CoP, at USD2,362/t, was up 3% QoQ only due to benefits of sale of low cost aluminium inventory. Hedging at higher prices (~30% volume at ~USD2,500/t v/s 27% of vol...
Buy Hindalco Industries Ltd For Target Rs.523 - Centrum Broking Ltd
Buy Hindalco Industries Ltd For Target Rs.523 - Centrum Broking Ltd
Source: Centrum Broking Ltd
14/08/2022 3:37:41 PM
Buy Hindalco Industries Ltd For Target Rs.525 -Motilal Oswal Financial Services Strong beat on India numbers, costs to peak out in 2Q * HNDL reported a strong set of 1QFY23 earnings, driven by all round beat on EBITDA. Consolidated revenue grew 40% YoY and 4% QoQ to INR580b during the quarter, 9% ahead of our estimate. * Consolidated EBITDA rose 37% YoY and 15% QoQ to INR84b. EBITDA was 35% higher than our estimate, driven by beat in the aluminum and copper business. Adjusted EBITDA for Novelis grew 10% YoY and 30% QoQ to USD561m, a 12% beat to our estimate. * A...
Buy Hindalco Industries Ltd For Target Rs.525 -Motilal Oswal Financial Services
Buy Hindalco Industries Ltd For Target Rs.525 -Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
11/08/2022 9:30:40 AM
Sell Hindalco Industries For Target price: Rs345 - ICICI Securities Elevated EBITDA print faces multiple risks ahead Novelis continues to surprise with US$583/te of EBITDA in Q1FY23. Smoother production, reduced supply-chain disruption, pick up in autos leading to better mix and better pricing in specialties (yet untouched by the impending housing weakness) helped in EBITDA improvement. Management guided for medium-term EBITDA of US$525/te. Energy costs are hedged at 80% of exposure in Europe for FY23E, and 50% for FY24E – thus, sitting in a comforta...
Sell Hindalco Industries For Target price: Rs345 - ICICI Securities
Sell Hindalco Industries For Target price: Rs345 - ICICI Securities
Source: ICICI Securities Ltd
5/08/2022 12:21:28 PM
Buy Hindalco Industries Ltd For Target Rs.490 - Motilal Oswal Financial Services Strong earnings beat, Novelis raises its FY23 guidance Performance at its North American facilities return to normalcy * Novelis reported a strong 1QFY23, with net sales/adjusted EBITDA/APAT at USD5b/USD561m/USD279m, up 11%/12%/+2% QoQ. With an improvement in supplies, semiconductor its North American performance drove the overall beat in adjusted EBITDA. * Shipments in 1QFY23 were marginally lower at 962kt (down 3% QoQ, flat on a YoY basis). EBITDA/t stood at USD583 (up 12% YoY and ...
Buy Hindalco Industries Ltd For Target Rs.490 - Motilal Oswal Financial Services
Buy Hindalco Industries Ltd For Target Rs.490 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
4/08/2022 2:20:30 PM
Hindalco Industries trades higher on partnering with Aequs in commercial aerospace sector Hindalco Industries is currently trading at Rs. 381.00, up by 5.90 points or 1.57% from its previous closing of Rs. 375.10 on the BSE. The scrip opened at Rs. 379.75 and has touched a high and low of Rs. 382.05 and Rs. 376.65 respectively. So far 161119 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 636.00 on 29-Mar-2022 and a 52 week low of Rs. 309.00 on 20-Jun-2022. Last one week high and low of the scrip sto...
Hindalco Industries trades higher on partnering with Aequs in commercial aerospace sector
Hindalco Industries trades higher on partnering with Aequs in commercial aerospace sector
Source: Accord Fintech
22/07/2022 3:58:11 PM
Hindalco Industries, Phinergy and IOP partner on revolutionary Aluminium-Air batteries Hindalco Industries has signed MoU with Phinergy, a leading Israel-based pioneer in metal-air battery technology, and IOC Phinergy (IOP) - a joint venture between Phinergy and India's leading energy PSU Indian Oil Corporation. As per the MOU, Phinergy and IOP will partner exclusively with Hindalco in India, on R&D and pilot production of aluminium plates for Aluminium-Air batteries, and recycling of aluminium, after usage in these batteries. In the Aluminium-Air battery, developed ...
Hindalco Industries, Phinergy and IOP partner on revolutionary Aluminium-Air batteries
Hindalco Industries, Phinergy and IOP partner on revolutionary Aluminium-Air batteries
Source: Accord Fintech
18/07/2022 10:42:21 AM
Indian shares recover as ONGC, Hindalco rise on commodity rebound BENGALURU -Indian shares recouped early losses to close higher on Tuesday as oil explorer ONGC and aluminium producer Hindalco rose on a rebound in commodity prices after China relaxed some COVID-19 curbs. The NSE Nifty 50 index ended 0.11% higher at 15,850.2, and the S&P BSE Sensex edged up 0.03% at 53,177.45 in last-hour buying, managing to gain for a fourth straight day after falling up to 0.7% each earlier in the session. Rising oil prices put pressure on the rupee, which e...
Indian shares recover as ONGC, Hindalco rise on commodity rebound
Indian shares recover as ONGC, Hindalco rise on commodity rebound
Source: Reuters
28/06/2022 4:21:18 PM
Buy Hindalco Industries Ltd For Target Rs.515 - JM Financial Institutional Securities Demand concerns hit prices; non-LME business relatively steady Aluminium price has sharply corrected from its peak of USD3.8k/t to ~USD2.5k/t spot, on the back of expected demand slowdown globally. Pick - up in aluminium output from China has further adversely impacted LME prices. Global players expect aluminium to remain in deficit despite improving supply from China. Base case deficit for 2022 is expected at 0.6 mn tons (source: Norsk Hydro Investor presentation 1QCY22), it may increase ...
Buy Hindalco Industries Ltd For Target Rs.515 - JM Financial Institutional Securities
Buy Hindalco Industries Ltd For Target Rs.515 - JM Financial Institutional Securities
Source: JM Financial Institutional Securities Ltd
25/06/2022 11:26:08 AM
Buy Hindalco Ltd For Target Rs.473 - Centrum Broking Available at near to 10‐year low EV/EBITDA      Novelis’s earnings resilient amid recessionary fears (~60% of FY23E EBITDA)  Hindalco  (HNDL IN)’s  share price has  fallen ~50%  from its peak of March  2022 with  investors  having  concern  on  its  huge  capex  plans  coinciding  with  falling &n...
Buy Hindalco Ltd For Target Rs.473 - Centrum Broking
Buy Hindalco Ltd For Target Rs.473 - Centrum Broking
Source: Centrum Broking Ltd
24/06/2022 12:30:41 PM
Stock Picks - Hindalco Industries Ltd and Bajaj Finance Ltd By ICICI Direct Hindalco Industries Ltd Sell Hindalco Industries Ltd @ 385.00-386.00 CMP 387.10 Stop Loss 389.10 Target 382.1/378.50   Bajaj Finance Ltd Sell Bajaj Finance Ltd @ 5660.00-5665.00 CMP 5670.35 Stop Loss 5702.30 Target 5628.00/5593.00   To Read Complete Report & Disclaimer Click Here   https://secure.icicidirect.com/Content/StaticData/Disclaimer.html   Above views are of ...
Stock Picks - Hindalco Industries Ltd and Bajaj Finance Ltd By ICICI Direct
Stock Picks - Hindalco Industries Ltd and Bajaj Finance Ltd By ICICI Direct
Source: ICICI Direct
13/06/2022 12:39:49 PM
Hindalco Industries moves up on completing divestment of HDB Hindalco Industries is currently trading at Rs. 413.20, up by 3.00 points or 0.73% from its previous closing of Rs. 410.20 on the BSE. The scrip opened at Rs. 412.00 and has touched a high and low of Rs. 417.00 and Rs. 412.00 respectively. So far 76743 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 636.00 on 29-Mar-2022 and a 52 week low of Rs. 359.80 on 18-Jun-2021. Last one week high and low of the scrip stoo...
Hindalco Industries moves up on completing divestment of HDB
Hindalco Industries moves up on completing divestment of HDB
Source: Accord Fintech
3/06/2022 10:04:17 AM
Buy Hindalco Industries Ltd For Target Rs.555 - Motilal Oswal Coal costs to impact 1QFY23, result in line * HNDL reported a strong, but inline set of 4QFY23 earnings. Consolidated revenue grew 38% YoY and 11% QoQ to INR558b (in line) in 4QFY22. * Consolidated EBITDA rose 29% YoY, but fell marginally QoQ to INR73b,.  * PAT grew 9% YoY and 18% QoQ to INR48b in 4QFY22. PAT was 12% lower than our estimate due to lower other income and higher incidence of tax provisioning. * Revenue/EBITDA/PAT grew 48%/63%/174% YoY in FY22 to INR1951b/ ...
Buy Hindalco Industries Ltd For Target Rs.555 - Motilal Oswal
Buy Hindalco Industries Ltd For Target Rs.555 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
27/05/2022 11:54:10 AM
Hindalco Industries Q4 net profit zooms 223.43% at Rs 1601.00 cr The company reported standalone net profit of Rs 1,601.00 crore for the quarter ended March 31, 2022 as compared to Rs 495.00 crore in the same period last year, registering a year-on-year growth of 223.43 per cent. Net revenue of the company rose substantially by 31.62 per cent at Rs 18,969.00 crore in January-March quarter of this fiscal as against Rs 14,412.00 crore in the corresponding period last year. During January-March quarter, operating expenses increased by 21.51 per cent to Rs ...
Hindalco Industries Q4 net profit zooms 223.43% at Rs 1601.00 cr
Hindalco Industries Q4 net profit zooms 223.43% at Rs 1601.00 cr
Source: Dion Global Solutions Ltd
27/05/2022 10:47:23 AM