Monday, December 23, 2024 | 01:03 AM ISTEN Hindi

Home / Markets / News / Hindalco gains 5% after unit Novelis' Q4 results; brokerages maintain 'buy'

Hindalco gains 5% after unit Novelis' Q4 results; brokerages maintain 'buy'

Novelis informed that its net income attributable to its common shareholder came in at $63 million for the quarter under review, down 39 per cent year-on-year (YoY

Premium

Adjusted earnings before interest, tax, depreciation, and amortisation (EBITDA) increased 7 per cent to $383 million as compared to $357 million in the year-ago period.

SI Reporter New Delhi

4 min read Last Updated : May 08 2020 | 12:30 PM IST

Shares of Hindalco Industries climbed over 5 per cent to Rs 123.65 apiece in the intra-day deals on the BSE on Friday, a day after its subsidiary Novelis reported better-than-expected results for the quarter ended March 2020 (Q4FY20).

At 11:22 am, the stock was trading 2.68 per cent higher at Rs 120.70 apiece on the BSE as compared to 1.66 per cent rise in the benchmark S&P BSE Sensex.

In its press release, Novelis informed that its net income (profit) attributable to its common shareholder came in at $63 million for the quarter under review, down 39 per cent year-on-year

Topics : Hindalco Buzzing stocks Novelis results Markets Sensex Nifty

What you get on BS Premium?

Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
Pick your 5 favourite companies, get a daily email with all news updates on them.
Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
Preferential invites to Business Standard events.
Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.

VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in