|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||463.10 - 472.10|
|52 Week Range||308.95 - 636.00|
|Beta (5Y Monthly)||1.23|
|PE Ratio (TTM)||7.47|
|Earnings Date||Feb 08, 2023 - Feb 13, 2023|
|Forward Dividend & Yield||4.00 (0.85%)|
|Ex-Dividend Date||Aug 11, 2022|
|1y Target Est||N/A|
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(Bloomberg) -- Hindalco Industries Ltd., the metals flagship company of billionaire Kumar Mangalam Birla’s conglomerate, posted a sharp decline in quarterly profit as higher input and energy costs hurt its margins. Most Read from BloombergMusk Warns Twitter Bankruptcy Possible as Senior Executives ExitMusk’s First Email to Twitter Staff Ends Remote WorkChina Eases Quarantine, Ends Flight Bans in Covid Zero ShiftFTX Latest: Bankman-Fried’s Crypto Empire Files for BankruptcyBankman-Fried’s Assets
Leasing activity is steady, though there are fewer, if any, companies seeking over 50,000 square feet of space.
Rating Action: Moody's upgrades Novelis Inc's CFR to Ba2; outlook stableGlobal Credit Research - 31 Aug 2022New York, August 31, 2022 -- Moody's Investors Service ("Moody's") upgraded Novelis Inc.'s ("Novelis") corporate family rating (CFR) to Ba2 from Ba3, Probability of Default Rating to Ba2-PD from Ba3-PD and the ratings of senior unsecured notes of Novelis Corporation and Novelis Sheet Ingot GmbH to Ba3 from B1. The outlook is stable."The ratings upgrade reflects Novelis' strengthened balance sheet following the reduction in gross debt since FQ1 2021, leading positions in packaging and ground transportation markets, a geographic breadth of its global operations and its ability to maintain a strong credit profile commensurate with Ba2 rating in a potentially distressed economic environment when the company might have to increase borrowings to fund its large growth program" said Botir Sharipov, Moody's senior credit officer and lead analyst for Novelis.Upgrades:..Issuer: Novelis Inc.....Corporate Family Rating, Upgraded to Ba2 from Ba3....Probability of Default Rating, Upgraded to Ba2-PD from Ba3-PD..Issuer: Novelis Corporation....GTD Senior Unsecured Regular Bond/Debenture, Upgraded to Ba3 (LGD4) from B1 (LGD5)..Issuer: Novelis Sheet Ingot GmbH ....GTD Senior Unsecured Regular Bond/Debenture, Upgraded to Ba3 (LGD4) from B1 (LGD5) Outlook Actions: ..Issuer: Novelis Inc. ....Outlook, Remains Stable ..Issuer: Novelis Corporation....Outlook, Remains Stable..Issuer: Novelis Sheet Ingot GmbH....Outlook, Remains StableRATINGS RATIONALENovelis' Ba2 CFR reflects the company's large scale and significant market position in a number of end markets including can packaging, where it enjoys a leading market share.