CLSA and Kotak have recommended buying shares, while Nuvama suggests holding them, after Hindalco Industries reported a 48% drop in its Q4FY23 standalone net profit to Rs 832 crore. The consolidated PAT fell 37% YoY to Rs 2,411 crore, while revenue rose 5% YoY to Rs 55,857 crore. Despite the fall, outlook and leverage remain low, CLSA noted in its report, while Kotak trimmed its EBITDA estimate by 2.3%/0.3% for FY2024/25E, despite optimism that the stock remains inexpensive at 5.4X EV/EBITDA FY2025E.
Stove Kraft, TTK Prestige shares plunge up to 5% despite LPG supply squeeze fears from Israel-Iran war. Here’s why
Cooking appliance stocks saw a dip as investors cashed in on recent gains. This occurred even as sales of induction cooktops and electric kettles surged
March 16, 2026