Hindalco Industries Limited (HINDALCO.NS)
| Previous close | 646.55 |
| Open | 660.00 |
| Bid | 0.00 x 0 |
| Ask | 0.00 x 0 |
| Day's range | 655.00 - 668.50 |
| 52-week range | 438.15 - 715.25 |
| Volume | |
| Avg. volume | 8,100,231 |
| Market cap | 1.493T |
| Beta (5Y monthly) | 1.42 |
| PE ratio (TTM) | 14.62 |
| EPS (TTM) | 45.66 |
| Earnings date | 13 Aug 2024 |
| Forward dividend & yield | 3.50 (0.52%) |
| Ex-dividend date | 09 Aug 2024 |
| 1y target est | N/A |
- Reuters
Adani, Hindalco show interest as Hindustan Copper plans to develop two mines, source says
India's state-owned Hindustan Copper plans to develop two of its copper mines for which Adani Enterprises and Hindalco Industries have shown preliminary interest, a source with direct knowledge of the matter said. "Adani and Hindalco attended the pre-bid conference earlier today," the source said, declining to be identified due to the sensitive nature of discussions. Both Adani Enterprises and Hindalco did not immediately respond to a Reuters requests for comment.
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ReutersHindalco-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.
