HINDALCO.BO - Hindalco Industries Limited

BSE - BSE Real Time Price. Currency in INR
181.15
+1.40 (+0.78%)
At close: 3:30PM IST
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Previous Close179.75
Open180.00
Bid180.00 x 0
Ask181.15 x 0
Day's Range177.85 - 182.15
52 Week Range171.70 - 259.70
Volume227,526
Avg. Volume491,067
Market Cap403.662B
Beta (3Y Monthly)0.74
PE Ratio (TTM)7.93
EPS (TTM)22.83
Earnings DateN/A
Forward Dividend & Yield1.20 (0.66%)
Ex-Dividend Date2019-08-14
1y Target Est305.58
  • Reuters

    UPDATE 1-Novelis offers concessions to address EU concerns about Aleris deal

    U.S. aluminium producer Novelis has offered concessions to address EU antitrust concerns over its $2.6 billion bid for aluminium producer Aleris , a filing on the European Commission website showed on Monday. The Commission has expressed worries about reduced competition and higher prices as a result of the deal, with carmakers in particular feeling the impact. The EU competition enforcer did not provide details of the concessions, in line with its policy.

  • Novelis offers concessions to address EU concerns about Aleris deal
    Reuters

    Novelis offers concessions to address EU concerns about Aleris deal

    U.S. aluminium producer Novelis has offered concessions to address EU antitrust concerns over its $2.6 billion bid for aluminium producer Aleris, a filing on the European Commission website showed on Monday. The Commission has expressed worries about reduced competition and higher prices as a result of the deal, with carmakers in particular feeling the impact. The EU competition enforcer did not provide details of the concessions, in line with its policy.

  • Exclusive: Novelis must offer concessions or face EU veto to $2.6 billion Aleris deal - sources
    Reuters

    Exclusive: Novelis must offer concessions or face EU veto to $2.6 billion Aleris deal - sources

    U.S. aluminium maker Novelis must offer concessions to European Union competition authorities by Aug. 9 to gain approval for its $2.6 billion takeover of aluminium processor Aleris, sources close to the matter said. The European Commission conducted a four-month investigation of the acquisition and last month set out its concerns over how the deal could hurt competition, particularly for carmakers that use the companies' products. The EU competition enforcer, which is scheduled to decide on the case by Sept. 16, and Novelis declined to comment.

  • Reuters

    No Novelis concessions for now despite EU concerns over Aleris bid -sources

    U.S. aluminium producer Novelis has no plans for now to offer concessions despite EU antitrust objections over its $2.6 billion buy of processor Aleris, people close to the situation said on Thursday. Novelis, a U.S. unit of India's Hindalco Industries Ltd , announced a bid for Aleris in July last year to gain a foothold in supplying the aerospace industry and other value-added businesses globally. One of the world's biggest suppliers of aluminium sheets for beverage cans and car parts, Novelis is making its biggest acquisition as part of its diversification into premium markets.

  • Reuters

    Nifty, Sensex end weaker amid trade worries; Reliance top drag

    BENGALURU (Reuters) - Indian shares fell sharply on Tuesday to mark their worst close in nearly six weeks, dragged lower by index heavyweights such as Reliance Industries Ltd, amid lingering trade tensions ...

  • Reuters

    EU opens anti-trust probe into aluminium firm Novelis' plans to buy Aleris

    EU anti-trust regulators said on Monday they had opened an investigation into U.S. aluminium firm Novelis Inc's plans to buy processor Aleris Corps. "Our in-depth investigation aims to ensure that the acquisition of Aleris by Novelis does not have a negative impact on effective competition in aluminium markets and does not lead to less choice and higher prices for European industrial customers," Europe's antitrust chief Margrethe Vestager said in a statement. Novelis, a U.S. unit of India's Hindalco Industries Ltd , said in July it had agreed to buy Aleris for $2.6 billion, giving it a foothold in supplying the aerospace industry and other value-added businesses globally.

  • Reuters

    Hindalco third-quarter profit plunges on higher input costs

    (Reuters) - Aluminium producer Hindalco Industries Ltd posted a 34.4 percent drop in third-quarter profit on Tuesday, hurt by increase in input costs, mainly of coal and furnace oil. Standalone net profit ...

  • Reuters

    Hindalco second-quarter profit dives 21 percent, but beats estimate

    (Reuters) - Aluminium producer Hindalco Industries Ltd posted a 21.4 pct decline in Sept-quarter net profit on Friday, dragged down by rising input costs, but marginally beat estimate. Standalone profit ...

  • Reuters

    India's aluminium makers win Japan sales in market shake-up

    TOKYO/NEW DELHI (Reuters) - Indian aluminium makers including Hindalco Industries and Vedanta Ltd are boosting sales to Japan as U.S. sanctions against Russia's Rusal and import tariffs shake up traditional supply routes. India's product has generally not been regarded as high enough quality by Japan's demanding buyers, who have preferred top-tier producers like Rio Tinto, Alcoa and South32 as well as United Company Rusal.    However, imports of aluminium ingot from India doubled in the first eight months of 2018 from a year ago, Japanese trade data shows, while imports of alloy - which include higher-value products - surged 11-fold off a tiny base.

  • Reuters

    Novelis sees automotive aluminium demand more than doubling by 2025

    Demand for automotive aluminium is set to more than double by 2025, driven by surging growth in Asia, a senior executive at Novelis Inc, the world's largest maker of rolled aluminium products, said on Thursday. Automakers are turning to aluminium to replace high-strength steel, as well as combine with materials such as carbon fibre and plastics to produce lighter body panels for use in electric vehicles that meet stricter environmental standards. "Typically what we see is an increase of aluminium percentage of the (automotive) body, which is why we're projecting to grow from 1.5 million tonnes of aluminium demand this year to 3.5 million tonnes a year in 2025," said Pierre Labat, vice president of global automotive at Novelis.

  • Does Hindalco Industries Limited’s (NSE:HINDALCO) PE Ratio Signal A Buying Opportunity?
    Simply Wall St.

    Does Hindalco Industries Limited’s (NSE:HINDALCO) PE Ratio Signal A Buying Opportunity?

    This article is intended for those of you who are at the beginning of your investing journey and want to learn about the link between company’s fundamentals and stock marketRead More...