Hindalco Industries Ltd - Macro Drives Weak Q3 at Novelis; Near Term Outlook Muted
Post Covid, pent-up demand in the beverage cans is abating. This along with easing supply chain has led to channel destocking in the key can...
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Metals and Mining - Q3FY23 Earnings Preview
We expect Tata steel to report revenue de-growth on both YoY/QoQ basis, led by a drop in HRC prices at India and Europe (ex-Mumbai prices down 25%...
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Pick of the Week - Hindalco Industries Ltd
Hindalco Industries is the metals flagship company of Aditya Birla Group. It is the largest primary producers of aluminium in Asia.
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Hindalco Industries Ltd - Resilient Q2 with Costs Peaking Out; Maintain BUY
Revenue (up 18% YoY down 3% QoQ) beat was led by Copper and upstream Aluminium divisions on account of better-than-expected volumes.
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Metals & Mining Q2FY23 Results Preview
Steel Q2FY23 Preview – Margins to hit a trough: We expect Steel companies under our coverage to deliver weak Q2FY23 numbers.
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