Hindalco Industries share price declines 14% post Novelis Q3 results: Capex enhancement leads to disappointment
Stock Market today- Hindalco Ind. saw its stock price decline by 14% in morning trades post Novelis Q3 performance. Though net income for Novelis attributable to common shareholder at $121 million, was up compared to $12 million, it is the increased capex and enhanced timeline that disappointed.
Hindalco Industries saw its stock price decline by 14% in morning trades on Tuesday post its US subsidiary Novelis declared its December quarter performance.
Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile!Let’s get started