Dive into the ups and downs of Hindalco's stock price and what it means for investors. Explore the recent capex developments and their impact on the company.
Hindalco's share price has been on a rollercoaster ride recently. After a significant drop of 12.43% on Tuesday due to concerns over the rise in Novelis Capex, the stock continued to face challenges. JM Financial highlighted the risks associated with a surge in capex, potentially impacting the company's IRR. Despite improved consolidated profit after tax in the December quarter, Hindalco's stock performance remained lacklustre.
Moreover, the announcement of increased capex by US-based Novelis Inc, a subsidiary of Hindalco, further shook the market. The Company's decision to allocate $4.1 billion for a new plant stirred uncertainties among investors. The downward trend intensified as Novelis revised the capital cost for the Bay Minette project, causing a 14% decline in Hindalco's stock price.
In light of these developments, investors are left contemplating whether to Buy, Sell, or Hold Hindalco shares. The fluctuating capex, revised project costs, and the company's financial performance pose crucial decisions for stakeholders. Keeping a close eye on the stock market updates and company announcements is essential to navigate the uncertainty surrounding Hindalco's stock.
As for the key players in this scenario, Hindalco Industries Limited and its subsidiary Novelis Inc are at the forefront of attention. Their strategic decisions regarding investments, capex, and project revisions greatly influence market sentiments. Investors and analysts closely monitor their moves and financial reports to gauge the future trajectory of Hindalco's stock price.
Stock Market Today: Hindalco Share price that had ended 12.43% lower on Tuesday, post disappointment with rise in Novelis Capex, continued to remain ...
Hindalco shares: JM Financial said that a significant escalation in capex is likely to result in lower IRR but earnings trajectory is likely to benefit ...
Hindalco's consolidated profit after tax increased to Rs 2330 crore in the December quarter from Rs 1360 crore Year-on-Year (YoY) against Zee Business ...
US-based Novelis Inc โ a subsidiary of the company - said that the company will now spend $4.1 billion on the integrated rolling and recycling plant to be ...
Novelis said its Bay Minette project sees a 65% increase in total capital cost and a one-year delay. Novelis has revised the project cost to $4.1 billion, ...
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Hindalco share news: After posting a 68 per cent year-on-year growth in standalone profit after tax, shares of Hindalco Industries Limited are in focus now.