Hindalco Industries Limited (HINDALCO.NS)
| Previous close | 680.70 |
| Open | 690.00 |
| Bid | 0.00 x 0 |
| Ask | 0.00 x 0 |
| Day's range | 677.40 - 690.00 |
| 52-week range | 407.45 - 715.25 |
| Volume | |
| Avg. volume | 9,354,751 |
| Market cap | 1.529T |
| Beta (5Y monthly) | 1.42 |
| PE ratio (TTM) | 14.97 |
| EPS (TTM) | N/A |
| Earnings date | N/A |
| Forward dividend & yield | 3.00 (0.44%) |
| Ex-dividend date | 14 Aug 2023 |
| 1y target est | N/A |
- Yahoo Finance UK
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Aluminum Producer Novelis Hits Pause on $945 Million US IPO
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- Reuters
Hindalco-owned Novelis delays US IPO; shares slide
New York (Reuters) -Hindalco Industries said on Tuesday its U.S-based unit Novelis has postponed its initial public offering (IPO) due to weak market conditions, sending shares of billionaire Kumar Mangalam Birla's company down as much as 6.5%. In May, aluminium recycler Novelis said that it was targeting a valuation of up to $12.6 billion in its U.S. IPO, with Hindalco looking to raise up to $945 million through the sale of 45 million shares at a price of $18 to $21 apiece. The delay will likely have a short-term negative impact on Hindalco, said Sneha Poddar, associate vice president at Motilal Oswal Financial Services, adding that the company remains a good pick among metal stocks as its domestic and U.S.-based business has reported strong results in the previous quarter.
