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Nifty Metal snaps two-day decline, surges most than peers intraday – Check what’s driving the Index
Fri, May 28, 2021
Snapping a two-day decline, the metal stocks have been surging on the last day of this week’s session. Nifty Metal index opened at a day’s high today and jumped over two per cent beating its peers intraday today.
Hindalco share price rises 3%: ICICI Securities maintains HOLD, price target Rs 417
Fri, May 28, 2021
Hindalco Share price: ICICI Securities looks ahead in FY22/23E and see limited earnings tailwind for Novelis (vs expectations). ICICI Securities maintain HOLD rating with a target of Rs 417. Novelis as an earnings trigger is largely exhausted in ICICI Securities view, allowing the LME induced volatilities to drive share price performance from here on
Hindalco share price: ICICI Securities maintains HOLD, price target Rs 417
Fri, May 14, 2021
Hindalco Share price: Novelis reported an inline adjusted EBITDA of US $505 mn in Q4FY21 (EBITDA/te of US $514). Novelis was categorical in playing down the EBITDA impact from a halt in auto production due to chip shortage and can maintain US $500/te of EBITDA in Q1FY22E. Aleris continues to benefit from the constructive building and construction markets
Hindalco rises 6%, turns top gainer on Nifty today; Jefferies picks Hindalco and Tata Steel as top stocks to buy in metal sector
Thu, May 06, 2021
Jefferies says that Global steel and aluminium prices have found renewed strength post the Chinese New Year and are at 10-year and 3-year highs respectively. The decarbonisation efforts are weighing down on steel supply in China and Japan while a synchronized recovery in global manufacturing and potential infrastructure stimulus across regions bodes well for demand
Hindalco share price: Jefferies reiterates Buy rating with revised price target of Rs 350
Thu, Feb 11, 2021
Hindalco’s Q3 EBITDA rose 53% YoY and came 6% above Jefferies estimate. Novelis is benefiting from good demand across autos, cans and specialty segments, and delivered decade-high EBITDA/ton. India aluminum EBITDA also improved QoQ led by higher LME prices, but copper business remained subdued. Net debt was down 7% QoQ for the second consecutive quarter.
Hindalco Share price today: ICICI Securities maintains HOLD rating on Hindalco Industries with target price of Rs 270
Thu, Feb 04, 2021
Hindalco Share price today: Novelis Q3 FY21 EBITDA surprised with adjusted EBITDA of US $537 against expected US$485. Part of the beat has been on account of US $25 mn favourable gain on customer contractual obligation in Europe (one-off). Further, buoyancy in South American operations where EBITDA expanded US $17 mn QoQ helped. These largely explain the EBITDA increase QoQ and 70% of the EBITDA beat. Aleris EBITDA at US $50 mn is flat QoQ (US $47 mn in Q2 FY21).
CLSA on Tata Steel and Hindalco: Steel mills likely to report robust EBITDA/t increase, better Q4 outlook
Wed, Jan 13, 2021
CLSA highlights that the steel price increase that started in June gained strength through the second half of CY20. This is likely to drive strong Q3 earnings increases despite soft volume growth. Higher spot steel prices are likely to drive decade-high sector profitability in Q4. Base metal company earnings are also likely to improve on stronger prices. Overall we expect 14-145% YoY Ebitda growth for covered steel/metal companies. Key issues to watch are demand/volume outlook, capex guidance and leverage trajectory. Tata Steel and Hindalco remain top sector picks for CLSA.
Tata Steel, Hindalco and JSPL shares are top picks in Metal space for Kotak Institutional Equities
Wed, Jan 06, 2021
Kotak Institutional Equities prefer Tata Steel, Hindalco and JSPL as their preferred stock picks in the Metals sector. Strong commodity prices coupled with muted costs will drive record margins for metal companies in Q3 FY21E. Strong steel prices (+20% qoq) and subdued coking coal costs will likely raise steel margins to record high levels in Q3 FY21E. With 13% qoq higher aluminum/zinc prices, base metal companies, too, should see a sharp improvement in margins. Companies remain cautious on capex spends and strong earnings should accelerate deleveraging. Higher exit prices in Q3 FY21 suggest margin uptrend and earnings upgrade in metals will continue.
Ashok Leyland, Hindalco, Bharti Airtel, ICICI Bank and IndusInd Bank: Derivatives summary for traders
Thu, Dec 17, 2020
The Nifty opened on a higher note in line with positive cues from global markets on December 16, 2020. It traded in the range of 30-40 points for the rest of the day, waiting for some triggers. The Nifty Auto, Metal and Realty indices ended in the green. Stocks like HINDALCO, BHARTIARTL, HDFC, DIVISLAB and ONGC were top gainers that rose by 2-3%, while stocks like ICICI BANK, INDUSINDBK, ULTRACEMCO, GAIL and NTPC were top losers that fell by 0.5-1%. The Nifty closed at around 13696 levels with a gain of 0.82%.
Hindalco, Tata Steel and more, CLSA says rally in shares to continue in near term
Mon, Dec 14, 2020
CLSA expects domestic steel prices to remain resilient in the near term as the domestic demand uptick adds to the above themes. However, CLSA expects prices to cool off and spreads to moderate over the course of 2021. The demand outlook in China following Chinese New Year will be a key item to monitor. CLSA forecasts FY22 spreads to be higher YoY but to be lower than spot. In a rising commodity price environment CLSA prefers Tata Steel (BUY) on its better margin outlook.
Derivatives Analysis for Traders: ACC, Wipro HDFC Bank and Hindalco in focus
Thu, Dec 10, 2020
The Nifty Bank, Financial, Media and Reality indices closed in the green zone while Nifty Metal, PSU and Auto indices closed in the red zone. Stocks like UPL, ASIANPAINTS, IOC, KOTAKBANK and HDFCBANK were top gainers that rose by 2-3% while stocks like HINDALCO, SHREECEM, ULTRACEMCO, WIPRO and TATASTEEL were top losers that fell by 1-1.5%. The Nifty closed at around 13577 levels gaining 1.11%.
Hindalco share price: This Birla Group company eyes boost from three R of sustainability
Tue, Dec 08, 2020
Hindalco added that it is focussed on establishing inherently safer processes with the help of technology. It is also committed to respect the human rights of its workforce and the community around its operations. It has also created due diligence processes aimed to identify, assess and manage human right risks.
Bullish setup witnessed in Tata Chemicals, Indigo, Hindalco, ICICI Bank, Sunpharma, Ultracemco, SBI | Pre-Market Derivatives and Technical Set-up
Mon, Dec 07, 2020
Nifty index opened positive and continues its streak of making yet another lifetime high of 13280 marks. During the day, it witnessed a decline towards 13150 zones which was smartly bought and finally index registered the highest closing with gains of more than 120 points. It formed a Bullish candle on both the daily and weekly scale and continues forming higher highs - higher lows from the last five trading sessions.
CLSA reiterates buy rating on Hindalco, Novelis reports robust Q2 results
Tue, Nov 10, 2020
Novelis reports robust Q2 results; realisation from divestment disappoints Novelis (100% sub of Hindalco) reported Q2 underlying EBITDA of U.S. $443 mn (+39% vs CLSA) on strong profitability (U.S. $493/T) and higher volumes (+11% YoY).
Hindalco’s net debt to EBITDA increased after Aleris acquisition: Satish Pai, MD
Tue, Aug 18, 2020
Aluminium business performance was strong in the first quarter, while copper business was hit due to closure of smelters in Dahej, Gujarat, says Satish Pai, Managing Director, Hindalco. During an interview with Zee Business Executive Editor Swati Khandelwal,, Mr Pai said, Copper should be back to normal levels in the second quarter
Hindalco will participate in India’s first commercial auction of coal: Satish Pai, MD
Tue, Jun 16, 2020
It was a record quarter for NOVELIS and their EBITDA per ton stood at $470 and total EBITDA was $383 million, which are all-time records for them. COVID-19 didn’t have any major impact on their operations and shipments in this quarter. However, it had some impact on their shipment, which was a bit less in March.
NTPC, Hindalco to SpiceJet: Which shares to buy?
Tue, Aug 13, 2019
JM Financial said Hindalco's earnings before interest, tax, depreciation, and amortisation (EBITDA) of Rs 34.7 billion in 1QFY20, was in-line with its expections.
Stock picks: Check this 5 shares - Check these analyses
Thu, Jul 18, 2019
Brokerage HDFC Securities maintained SELL on Wipro, after weak 1QFY20 and tepid guidance for 2Q.
There is no decline in profitability of Hindalco: Satish Pai, Hindalco Industries
Thu, Nov 08, 2018
Satish Pai, Managing Director, Hindalco Industries Limited, in an interview with Swati Khandelwal, Zee Business, talks about the company's revenues of September quarter, acquisitions, expansion plans and Capex.
Hindalco to seek shareholders' approval for Rs 6,000 cr NCDs
Sun, Sep 16, 2018
Birla pointed out that the ongoing government initiatives such as the creation of 100+ smart cities, thrust on infrastructure, especially rural infra development, along with 'Make in India' and 'Digital India' will continue to support the demand for aluminium and copper.